Member of the Finance Committee: Plan of the World Bank to restructure State-owned banks have not achieved a complete success
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Member of the Finance Committee: Plan of the World Bank to restructure State-owned banks have not achieved a complete success
Admin Fri Jul 20, 2012 7:09 am
20-07-2012 | (Voice of Iraq) - Add a comment -
Baghdad (news)
A member of the Finance Committee for the National Alliance MP Abdul-Hussein al-Yasiri, that the plan of the International Monetary Fund established since (2007) to restructure State-owned banks have achieved some successes, and not a complete success, calling for the restructuring of the banking sector to encourage foreign investors to come to Iraq.
Yasiri said (of the Agency news) on Friday: that in the year (2007) adopted the International Monetary Fund mission to restructure the banking sector of government, which includes the Rafidain and Rasheed banks and specialized Kalzeraih, industrial and real estate, and was allocated an estimated $ (10) million dollars, but he did not achieve full success, but few of them.
He added, is supposed to culminate in the plan a success for restructuring state banks through the introduction of technological modern works by international banks that commissions by representing both the executive and oversight in the country, explaining: the formation of two committees, one headed by the Governor of the Central Bank and the membership of the Minister of Finance and Head of BSA, while the second is a subset consisting of the heads of government banks.
He pointed out: that the Finance Committee representative will hold a special conference to restructure the Iraqi banks two branches of government and private sectors, and will be through raising the issue of the reasons for reluctance not to implement the plan of the World Bank for banks to government to find out the most important developments and to find solutions to the problems encountered, and continued: in addition to the knowledge of the extent to Banking with monetary policy in the country through which to pass laws to support the banking sector.
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Re: Member of the Finance Committee: Plan of the World Bank to restructure State-owned banks have not achieved a complete success
Admin Fri Jul 20, 2012 7:34 am
Member: The Finance Committee will discuss with the Central Bank the possibility of connecting to a network of banks unified communications
Date: Thursday, 19/07/2012 13:52
Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Secretary Hadi, that his committee will be discussed with the Central Bank of Iraqi banks the possibility of linking unified communications network to facilitate the banking business in the country.
He said Hadi (to the Agency news) on Thursday: The Finance Committee will hold a special workshop for banks Iraqi government and eligibility for restructuring, the presence of officials from the Central Bank and representatives of the Iraqi banks to put up the problems and obstacles that impede the work of the banking system.
He pointed to: that the most important topics that will be in the workshop, discuss how to connect to a network of banks within the system of unified communications "Division National" and agree on a mechanism to unify its work to facilitate banking transactions.
He said: that the system of "divided the national" is one of the modern systems and needs to be enough time to apply because the country is still politically unstable, economically, and banks to now suffer from financial and administrative corruption, while the system needs to be infrastructure, integrated implementation and stability of the total in the country.
The Central Bank of negotiating with the Association of private banks to start establishing a new electronic system called (split national) or telephone banks where all banks to link the Iraqi government and private network unified communications are managed by a specialized international company to facilitate banking operations.
It is noteworthy that the banking system in Iraq consists of forty-three banks as well as the central bank and distributed according to ownership between (7) state banks and (30) Bank of my family, including (7) Islamic banks in addition to (6) foreign banks.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ikhnews.com%2F
Date: Thursday, 19/07/2012 13:52
Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Secretary Hadi, that his committee will be discussed with the Central Bank of Iraqi banks the possibility of linking unified communications network to facilitate the banking business in the country.
He said Hadi (to the Agency news) on Thursday: The Finance Committee will hold a special workshop for banks Iraqi government and eligibility for restructuring, the presence of officials from the Central Bank and representatives of the Iraqi banks to put up the problems and obstacles that impede the work of the banking system.
He pointed to: that the most important topics that will be in the workshop, discuss how to connect to a network of banks within the system of unified communications "Division National" and agree on a mechanism to unify its work to facilitate banking transactions.
He said: that the system of "divided the national" is one of the modern systems and needs to be enough time to apply because the country is still politically unstable, economically, and banks to now suffer from financial and administrative corruption, while the system needs to be infrastructure, integrated implementation and stability of the total in the country.
The Central Bank of negotiating with the Association of private banks to start establishing a new electronic system called (split national) or telephone banks where all banks to link the Iraqi government and private network unified communications are managed by a specialized international company to facilitate banking operations.
It is noteworthy that the banking system in Iraq consists of forty-three banks as well as the central bank and distributed according to ownership between (7) state banks and (30) Bank of my family, including (7) Islamic banks in addition to (6) foreign banks.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ikhnews.com%2F
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