Insurance and banking hub of departure for sustainable development

6/7/2015 0:00

BAGHDAD - morning
Development of the banking performance and the advancement of the insurance sector represent the most important turning points of sustainable development in Iraq, as they relate to investment and capital to be attracted to the field of domestic work.

Member Baghdad Economic Forum Hndas Hadi stressed the need to work to overcome all the challenges facing the advancement of production and service sectors, pointing out that the creation of a strong economy is through the establishment of a balanced and integrated economic development and promote the development of economic reality.

He stressed in an interview for the "morning" on the importance of the exploitation of human and material resources and in line with the requirements of sustainable development, noting that begin the process of economic development requires serious action by the public and private sectors to be objective serving the national economy through the creation of an appropriate environment, which represent the most important elements of investment attraction.

He pointed out that the development of the banking system in Iraq is extremely important development where it is difficult for banking services to closely interdependent season, pointing out that banking services have an active role in the establishment of an attractive and conducive environment for investors at home and abroad.

He noted that the banking sector could play a substantial role in terms of finding financing and investment in various economic sectors, and the consequent expansion of the market and its effects on both ends of the banking equation along with the savings and investment, and make moving from the area of ​​investment funding sponsor the development and modernization of the whole to create new dynamics of the productive sectors General economic construction.

Hndas between that foreign invested companies are facing the absence of discreet banks that facilitate the operations required by the movement of cash by simplifying lending, financing and conversion insurance, stressing that the investment company is considering the work environment carefully, particularly the subject of banking performance, insurance, and they are in Iraq require a real review all Mphasalhma.

The Hndas had stressed in an interview earlier on expanding banking network with global banks that are global confidence in the international banking sector cooperation, pointing out that the banking cooperation mechanism requires moving away from dealing with banks that fall within the group of banks in the blacklist countries that Alakulaimah.wachar Most of the international companies have legal departments examine the mechanics of the work of banks and where its money, fraud and cheating laundering, which requires development of the banking sector and adoption of sophisticated mechanisms of action away from all these mistakes.


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