Iraq calls on the U.S. Treasury and the World Bank to support banking and financial sector

Tuesday, May 29 / May 2012 16:29



Twilight News / called on the Federal Ministry of Finance, on Tuesday, the U.S. Treasury Department and the World Bank to support and to support the banking and financial sectors in Iraq.

The Finance Minister Rafie al-Issawi received U.S. ambassador to Iraq, ended its James Jeffrey and a number of accompanying him in the U.S. Treasury.

According to a statement issued by the Office Issawi received "Twilight News" copy of "The two sides discussed the developments of the current crisis and to emphasize the importance of resolving contentious issues between all the political components through constructive dialogue and stay away from situations convulsive that increase the complexity of the political process in Iraq."

Issawi also reviewed the statement with the U.S. Ambassador and the delegation accompanying him, "economic and financial issues related to the work of the Ministry of Finance of Iraq and to emphasize the importance of development in the banking and financial sector in the country supported by the U.S. Treasury Department and the World Bank."

Iraq seeks to support the banking system by closing the deficit of local banks to cover the financial guarantees required by the investment companies, which represent the problem of limiting the entry of companies specialized in the electricity sector, infrastructure and services.

In Iraq, there about seven state banks and 34 banks waged, mostly owned by foreign banks, two banks and two government controlled the banking system in Iraq are the Rafidain Bank and Rasheed Bank.


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