Banking reform requirements

Author: Yasser incumbent

6/29/2016 0:00

Became placed to identify trends in banking reform and clear indicator that changes made by the government in the departments of government banks as an important step on the road to reform.

Read in this change is that it is not targeted to these departments Bchkhosa, but requires the need to choose a new departments able to interact with the banking reform requirements required by the young Akhttiaralchksaat competent.

This message refers to the escalation of the significant role of the banking sector in light of the government's attempts to get rid of the effects of the financial crisis that affected the country's capacity, so it is necessary to adopt the terms of reference able to interact with the current critical stage requirements.

Since there is an ambitious government program undertaken by the government in cooperation with the Iraqi Central Bank to stimulate the productive sectors through the development of the Central Initiative customize it amount «6« trillion dinars for lending to small businesses, which are designed to be the responsibility of the medium and large private banks, which are designed to be implemented through government banks.

It has become clear that such a development program needs to change required to implement it because of the faltering implementation as signs of an inability to absorb and implement the change came.

Which deepens well in the content and objectives of this joint development program between the government and the Central will find it an effective way to mitigate the effects of the crisis or overcome by moving and stimulate production and service sector.

From here highlights the importance of activating the partnership between government and the private banking sector being the arms of the central government in the implementation of the joint development program to the fullest.

Touch of the initiative shown by TBI through what she did in the presentation of his new administration developed its potential, which was established in accordance with the global banking system to cooperate with the Association of private banks but also reflects the correct implementation of the requirements of the banking reform trends.

We hope the rest of the government departments to suit the lead banks Bank of Iraq to work to achieve a healthy environment for the banking reform by adopting a partnership in place to achieve the goals first is to achieve reform and second, setting the first step on the road to implementation of the requirements of a market economy. We will continue to see


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