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Banker: private banks need government guarantees for the financing of investment projects
13-06-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)
He banking expert Mohsen Ali, the importance of the presence of government guarantees given to banks in the financing of civil development projects of the country, to strengthen the role of the private banks in economic development.
Ali said (of the Agency news): The private banks able to finance most of the private investment projects for the ministries and government departments but need for government guarantees to ensure their financial rights, through the issuance of regulations and controls by government institutions.
He added: ministries and state departments prefer to deal with banks without civil government, because of the lack of mutual trust between private banks and government institutions, making civil weak activity in promoting economic development of the country.
The banking system plays a prominent role in supporting the programs and plans for economic development and activation of the financial markets as one of the most important sources of funding for the implementation of projects at the macroeconomic level and as well as being one of the most important sources of financing in developing countries, it is the source of profits of these projects and the securities markets.
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13-06-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)
He banking expert Mohsen Ali, the importance of the presence of government guarantees given to banks in the financing of civil development projects of the country, to strengthen the role of the private banks in economic development.
Ali said (of the Agency news): The private banks able to finance most of the private investment projects for the ministries and government departments but need for government guarantees to ensure their financial rights, through the issuance of regulations and controls by government institutions.
He added: ministries and state departments prefer to deal with banks without civil government, because of the lack of mutual trust between private banks and government institutions, making civil weak activity in promoting economic development of the country.
The banking system plays a prominent role in supporting the programs and plans for economic development and activation of the financial markets as one of the most important sources of funding for the implementation of projects at the macroeconomic level and as well as being one of the most important sources of financing in developing countries, it is the source of profits of these projects and the securities markets.
[You must be registered and logged in to see this link.]
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