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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Banking and financial campaign and the reconstruction of the liberated areas Sector

    Rocky
    Rocky
    Rocky
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    • Post n°1

    Banking and financial campaign and the reconstruction of the liberated areas Sector Empty Banking and financial campaign and the reconstruction of the liberated areas Sector

    Post by Rocky Mon 18 Jan 2016, 4:30 am

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    Banking and financial campaign and the reconstruction of the liberated areas Sector


     Baghdad / term 
    1/18/16
    Moving Iraqi banks towards the strong contribution in the reconstruction of cities and regions liberated from terrorism and assistance in financing and lending to their own projects in a manner consistent with the construction campaigns will be organized, where officials have seen the formation of the reconstruction fund the liberated areas and funding from friendly countries aid and donor would be a step to meet the desire of In the banking sector to have a role in the implementation of investment projects and services through the provision of banking services to them.
    The head of the Association of Banks Islamic Iraqi academic Sadiq al-Shammari when meeting with a number of activists in the banking sector that there is an urgent need to rebuild the liberated cities very quickly, which called on the Iraqi Islamic banks to develop a road map by which to contribute to the rebuilding of areas affected by the war on terrorism are and setting priorities in the implementation of projects as the financial arm of the development and the duty to use their capabilities in this area. 
    Shammari pointed out that "contribute to the funding and support projects related to campaigns reconstruction allow Islamic banks to prove their worth as development banks play a role in investment opportunities that you need the reconstruction of liberated areas projects of terrorism, "and said that" stressful conditions on the Iraqi economy because of low world oil prices require from the banking sector to mobilize financing its potential and promote them in accordance with the formulation of programs that serve the objectives of the campaign reconstruction of the liberated areas. 
    "Shammari said that" the development of special and a roadmap to restore strategy Emaar cities makes it necessary that the whole world is collaborating on the support of the Iraqi effort, and that there is a moral compact between the states for the making and especially like the Marshall Plan strategies ", and called for" activating the competition between ministries and sharpen their energies for the purpose of supporting and assign the reconstruction and strengthening of the partnership process to achieve the fundamental objectives of the country in its development, and this requires the development strategy of the public and private sectors and strengthening partnership and activation of cooperation with the openness of the technology in the era of information and tools to fight poverty and the transfer of technology for the economies in the process of growth. 
    "The Al-Shammari said" the importance of the reconstruction of the affected areas Fund of terrorism accomplished her according to timetables to ensure that bring life to the affected areas hand, "adding that" interested in the sector of Islamic banking experts and through their study of the reality of the event areas covered by the reconstruction drew to the need for the amount of 50 trillion Iraqi dinars, about $ 40 billion, as well as work on activating the periodic credit is devoted to him roof of the amounts concerned sectors of production diverse activity and services, there is a possibility of the Iraqi Islamic banks in communicating with similar banking sectors in the region in order to form support the reconstruction of the liberated areas Fund mechanism and through consultations held with the support of Iraq sectors, "stressing that" Islamic finance He is able to bring a lot of benefits after the expansion witnessed during the past decades, the stage and became attracts a lot of customers and compete with traditional banks. " 
    He called al-Shammari to "strengthen the idea of the availability of financial, health and education coverage for the purpose of promoting economic and social development of the country where that finding and the introduction of financial inclusion helps system trading and financial an open, rule-based predictable as it includes a commitment to governance and good governance, development and poverty alleviation with the need for a full survey of the provinces which are characterized with products strategy for the purpose of establishing projects which therefore accelerate this program and press the friendly and donor countries are supposed to create and operate these plants all It requires re-investment map and distributed to the provinces so that the distribution of these plants according to the possibilities and resources of each of the natural resources and other potentials with non-recourse to oil consideration is the sole supplier. " 
    Shammari said that "the $ 350 million approved by the Board of Executive Directors of the World Bank, is to support the efforts of the Government of Iraq seeking to rebuild state institutions and the economy back to the path of growth in the regions it has been approved in 2015 and does not cover only a small part of the reconstruction of damaged infrastructure plan. " 
    He went on Shammari also to "the need to attract funds and human resources capital migrating for the purpose of resettlement with the provision of certain tax incentives Kalaafa and protect the national product and consumer protection for the issuance of the customs tariff law. "
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