***** Finance Committee published a report on the requirements of the reform of the banking system in Iraq

February 18, 2014

No Image Held under the chairmanship of the Finance Committee MP Haider Abadi, Chairman of the Committee on Monday, 17.02.2014 seminar with the participation of a number of gentlemen managers of government banks, experts and specialists in the banking sector and representatives of the Iraqi Central Bank has allocated to view the final report of the Commission on the requirements of the reform of the banking system in Iraq.

And gave the Attorney-Abadi, at the beginning of the seminar, which was held in the hall Constitutional Council, and the presence of MPs Amin Hadi Abbas and Abdul-Hussein al-Yasiri a member of the Committee, a brief summary about the report, which has embarked Finance Committee at its numbers for the past three years during which held several workshops and the use of international experts, noting that the Committee heard banks concerned to work from the private sector and the government and viewed the opinions and proposals that contribute to the process of reform of the banking sector in Iraq.

He announced the participants in the seminar are ready to supplement the observations and proposals to ensure enrich the report after reviewing Alihodrasth.


http://www.parliament.iq/details.aspx?ComID=10391

2014/2/17 16:28






Parliamentary Finance Committee announced what it called for the preparation of a road map {} to repair the banking system in Iraq.




The head of the committee in a joint news conference with a number of members of the committee in Baghdad today and was attended by the correspondent of the Euphrates News Agency {} "The Finance Committee today held a workshop with representatives of private banks, government and central bank to launch its final report on reforming the banking system in Iraq."

He explained that "this reform will provide and create jobs and stimulate investment in the country."

And between Abadi "We in the Finance Committee working on the development and reform of the banking system and has held several workshops and the Committee has oversight and legislative role in the follow-up of the banking sector and the obstacles they faced and made the final of this paper, which represents the basic ideas and the road map."

He expressed the hope that "are taking by banks as a working paper for the repair because there are many problems in the Iraqi banking sector in relation to loans and also investment capital and savings."

He said al-Abadi, "it was to listen to international experts from the World Bank and advisers international," stressing that it "is not a research paper or a theory but a report practical and realistic reform.

 Will be sent to the central bank and state institutions, especially state-owned banks and the Ministry of Finance to work to enact laws and the introduction of modernity, especially in banks government. "

Japinh of said committee member Abdul Hussein al-Yasiri "The committee has invited the banks of the public and private sector and briefed on the activities of the past year and was in the forefront of seminars and set up Matmralt in London, Oman and Iraq."

He stressed that "if I want the Iraqi economy develops, he said the implementation of the three requirements, including reform of the banks and insurance companies, and the second also cash management."

He explained that he Yasiri "if taken Bodua workshop today and what has been discussed in which there will be follow-up of government agencies and the private sector and the banking system will evolve to the party that he was doing all the activities of economic and financial development of the country and therefore".


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