Prime Minister Nuri al-Maliki--Maliki: our banking system can not meet the needs of the country

Prime Minister Nuri al-Maliki
Maliki: our banking system can not meet the needs of the country




Author: NF
EDITOR: BS
07/07/2013 12:25

Range Press / Baghdad

Prime Minister Nuri al-Maliki, on Sunday, the Iraqi banking system can not meet all the needs of the country, stressing that the Iraqis are still suffering from a significant lack of services, and as pointed out that efforts are now focused on reconstruction and construction and to seek multiple sources of income of the Iraqi individual, praised international cooperation in Iraq out of Chapter VII provisions.

Maliki said in a speech during a ceremony organized by the Trade Bank of Iraq on the occasion of the tenth anniversary of its founding and attended (Long Press), "The bank opened new horizons for trade in the country, after it became a partner with the international banks in the development of trade relations and business banking, including aspiring to him Iraq from the advancement of urban and investment ".

Maliki said that "the establishment of the bank was to reduce Iraqi and طئه item VII, which under the Iraqi economy, after that it was necessary for Iraq deal through window with the world."

He said al-Maliki "as was the establishment of the bank to find a window to support the private sector in order to promote the public sector as well as in the process of construction, reconstruction and investment, boiling well meet the necessities that you need to process the infrastructure of the country because of the wars of the former regime."

Maliki stressed that "the Iraqi banking system is unable to meet all the needs of the country, in spite of the great strides piece and place fixed foundations."

He noted al-Maliki that "raising the provisions of Chapter VII is an important step in the way of raising investments in the country," praising the role of the "international community through the cooperation of the Security Council and the countries that stood by side Iraq to raise these harsh judgments about our economy, which led to a decline in Iraq's oil production to less than one million barrels. "

He said al-Maliki "Iraq after the departure of these provisions and restore the world's confidence in our economy, we urge the pace towards the two main issues are the reconstruction and construction, trade, oil and gas, as well as work on multiple sources of income via activation of Iraqi tourism and industry."

He Maliki that "the Iraqi people suffered greatly from lack of services and continues to suffer," stressing the need to "match the services provided with the wealth enjoyed by Iraq's rich, through the use and optimum use of the country's wealth, and draw a clear policy to promote."

The TBI is the Bank government, was founded in Baghdad in July 2003 for the purpose of facilitating trade facilitation Iraqi Foreign Affairs and the reconstruction of Iraq after the United Nations oil-for-food, owned fully in favor of the Iraqi Ministry of Finance, and in a short time period saw the bank's rapid development and great and tangible as an effective banking institution built through a network of relationships with the top 134 banks in the world which covers various continents.

The Iraqi Prime Minister Nuri al-Maliki, described in a speech after the vote the Security Council to remove Iraq from Chapter VII, in (June 29, 2013), that the decision is "an important step to restore the status of Iraq's international," stressing that the international resolutions "has become one of the past, "While considered that Iraq" has become liberally "from the restrictions imposed because of the" follies "of the former regime, appealed all the countries of the region and the world to" extend the hand of friendship, "and stressed that" Iraq can not be involved in the policy of axes and polarizations " .

The Secretary-General of the United Nations Ban Ki-moon called in, (18 June), an end to the sanctions imposed on Iraq since the invasion of Kuwait in 1990 under Chapter VII of the Charter of the United Nations, noting in a report submitted to the UN Security Council, the governments of Iraq and Kuwait "أبدتا seasoned and respected in removing the effects of that invasion."

The Iraqi foreign minister, Hoshyar Zebari, called in (13 June 2013), the United States and Britain, through their ambassadors in Baghdad, Robert Stephen Beckerovi, Simon Collis, to support Iraq out of Chapter VII, while confirming the pursuit of Baghdad to expand its consultations with the members of the Board Security Council to help and support Iraq in its quest, after a day of visiting Kuwaiti Prime Minister Jaber Mubarak Al-Hamad Al-Sabah, to Baghdad at the head of a ministerial delegation large, and the Declaration Zebari, in a joint press conference with Kuwaiti Foreign Minister Sabah Khaled Al-Sabah, that Iraq had fulfilled all of its obligations incurred by him in the seventh chapter with Kuwait and will move to Chapter VI, noting that Iraq has signed agreements with Kuwait, six in all fields, as pointed Kuwaiti Foreign Minister said his country would be the United Nations of the need to exit Iraq from Chapter VII.

And signed both Iraq and Kuwait, in (the 28th of May 2013), two memoranda of understanding concerning the arrangements for maintenance of the physical-border joint and finance the construction of a residential complex in Umm Qasr, where the side expressed Kuwait's readiness to help Iraq out of the provisions of Chapter VII of the Charter of the United Nations.

The Ministry of Foreign Affairs announced in (the 26th of May 2013), signed by Foreign Minister Hoshyar Zebari with Martin Kobler Special Representative of the Secretary-General of the United Nations and head of UNAMI in Iraq (the time), on the extradition agreement the amount of damages assessed by the Security Council in its resolution No. 899 for the year 1994 to compensate Iraqi farmers whose farms have been affected as a result of the demarcation of the border between Iraq and Kuwait during the period between 1991 - 1994 ", set out will be followed soon another step to build a modern residential city of Umm Qasr to accommodate Iraqi families affected by the same reason.

The UN Security Council issued a year (1993) Resolution No. (833) which provides for the demarcation of the border between Kuwait and Iraq, and the extended length (about 216 km), and the application of the decision in part by the former regime to the deduction of large swathes of Iraqi territory and annexed to land Kuwaiti territory included in the Safwan area and in Umm Qasr area since the mid-nineties became a whole within the limits of the State of Kuwait.

He objected to a lot of Iraqi officials after the fall of the former regime in 2003 to complete the procedures for the demarcation of the land border between the two countries in accordance with Resolution No. 833, considering that the decision imposed on Iraq under international pressure and in unusual circumstances. The area has seen the border between Iraq and Kuwait early March 2013, demonstrations carried out by residents of Umm Qasr in protest against the construction of the separation wall between the two countries, and threatened with exposure to Kuwaitis in the event of continuing built, also called on Congress Basra in the Iraqi parliament (12 March 2013), the Governments of Iraq and Kuwait and the United Nations to stop the new demarcation of the border procedures and rejected annexation of the oil wells in the region to the Kuwaiti sovereignty until reaching a solution satisfactory to both parties and reconsider the agreement signed by the previous regime with Kuwait.

Iraq has been under since the year (1990) under Chapter VII of the Charter of the United Nations, which imposed after the invasion of the regime of former President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, in addition to large amounts of frozen its assets in the financial global banks to pay compensation to those affected by the invasion

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Prime Minister Nuri al-Maliki hails success of Iraqi banks in a vote of confidence and a large international reputation

July 7, 2013
 
Prime Minister Nuri al-Maliki: We urge the pace after the withdrawal of Iraq from Chapter VII to achieve two main issues, the first increase in wealth, production and diversify sources of income such as tourism, industry, agriculture, and the second employ these resources to provide services and construction and reconstruction as befitting citizens of Iraq.

This came during a speech this morning when attending the celebration of the tenth anniversary of the founding of TBI.

Mr Prime Minister said that the most scored in the banking industry is Neil Iraq and its drained confidence in circles global banking and possession of mattresses advanced among global banks, stressing that the banking system properly and successfully and effectively is one of the most important factors in the success of the process of construction and reconstruction taking place in Iraq.

He praised the significant role played by the TBI and achievable goals for which it was established the alleviation of international sanctions and find a window to support the private sector to be a partner with the public sector for the advancement of the country and to encourage construction and investment opportunities.

The Prime Minister: We have faced a heavy legacy left behind by the former regime and significant damage to infrastructure and the siege and strained relations with the countries of the world and a significant decline in the level of oil production amounted million barrels per day, but today we are looking forward to raise the level of oil production to nine million barrels per day in 2017, As we were able to return Iraq to its natural place and address the problems and obligations relating to international sanctions and thus remove Iraq from Chapter VII, again thanks to the member states of the UN Security Council and the United Nations and all countries that stood with Iraq and helped him to get rid of international sanctions left behind by the previous regime.

And offers its sovereignty congratulations and blessings to Iraq Commercial Bank management and employees at the bank on the occasion of the tenth anniversary of its foundation and their efforts to revitalize the Iraqi economy and support the process of construction and reconstruction.


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