Required discreet banking sector to achieve development

8/30/2014 0:00

Yasser incumbent
The argument in question is famous thinker economic D.mahdi Hafiz that you can imagine how to achieve sustainable economic development without you own discreet banking system is able to create Gadgets? This dialogue ensures adequate answer .. How? 


Confirms most economists established fact that the first requirements of the building and reconstruction of the country banks provide solid enjoying a strict system can from its obligations in front of major international companies wishing to invest in Iraq, in terms of solvency and the first thing you're looking for cover guarantor of their funds, which invest them in the country, how can we that we attract these investments in light of the situation experienced by our banks now? Here are back, including questioned him Hafiz.


During the march of the eleven-year-old deserted we follow with interest what they are looking for investors, and they represent a private sector firm in their countries are governed by the procedures and laws and ensure their rights Albrootokallat International, more than that, they are looking for a partner, strategic and believe that the Iraqi private sector the good of what benefits them in this partnership, and when they see a mess measures that hinder banking activity due to enter some of outside expertise in the possession of the banks where the punitive measures, including those reflected in the reputation of these banks is required here review the terms and instructions to grant licenses establishment of banks and licensed practicing banking and tighten control over the implementation of Terms and abide by them.


This case diagnosed We are one of the reasons that calls to speed up the achievement of banking reform required to meet these imperatives, and in order to correct the course of the banking business and work to improve the reputation of the banks, and the requirements to achieve this goal to rely on precise criteria to evaluate the performance of banks that takes all his right to according to his commitment to the laws and procedures established by the Central Bank of Iraq and fiscal policy is dictated by the country's sober.



New phase certainly require image clarity for companies that are looking for a strong partner, as these companies provide the guarantees provided by the government for their interests, but linking this guarantee by the government's support for partner strategic her goal in the banking sector of the Iraqi Alkhas.hzh facts you need to review a definite before the planned economic and based on the decisions of economic reform, while bears banks own responsibility to achieve these reforms and how to deal with it and reverse the image required for that. then that owning these banks of the Association of dealing with their affairs makes the possibility of dealing with the obligations of banking reform is easier where this association in the interface and devote themselves to work with actors Alchrieiah and executive in this direction, with the power of association based banks certainly wrap around and provide the necessary accessories to play this role in order to implement its program of work expected.


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