The Arab Monetary Fund delegation arrives in Baghdad

Economy News Baghdad

A delegation from the Arab Monetary Fund (AMF) arrived in Baghdad on Saturday under the chairmanship of the Saudi President, Abdul Rahman Al-Humaidi.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told "Economy News" that a delegation from the Arab Monetary Fund headed by the President of the Fund Abdul Rahman Al-Humaidi arrived Saturday morning to Baghdad to discuss bilateral relations.

He stressed that one of the main objectives of this visit is to "promote the concepts of financial inclusion in Iraq and discuss ways to develop it and raise its rate to more than 22.6%."

"The delegation will discuss the development of banking relations with Iraqi banks and will meet with the Governor of the Central Bank of Iraq, Ali Alaq, and the Association of Iraqi private banks."

He pointed out that the visit of the delegation will take a full week, and will be interspersed with bilateral meetings on the advancement of the Iraqi banking sector.




http://economy-news.net/content.php?id=14049

President of the Arab Monetary Fund: We are in the process of providing technical assistance to support the banking sector in Iraq

2018-10-21 310

Baghdad conscious
The head of the Arab Monetary Fund Dr. Abdul Rahman Al-Humaidi said that the delegation of the Fund is in the process of providing technical assistance to support the banking and financial sector and other sectors in Iraq.



"The mission is focusing on a plan put forward by the Central Bank of Iraq concerning the financial coverage, the distribution of financial services to all sectors of business," Al-Humaidi told a news conference with the governor of the Central Bank Ali Al-Aalak.

"It is hoped that the mission will come out with critical recommendations and will work on specific steps that will increase cooperation and consultation in the financial matters that are in favor of Iraq," he said.

For his part, said the governor of the Central Bank Ali Alalak that "this visit will open prospects for further cooperation and coordination and consultation with the Arab Monetary Fund," noting that "there is specific continuity for the development of financial and banking system in Iraq."

He pointed out that "the Central Bank is in the process of preparing a strategic plan for financial coverage and the Arab Monetary Fund expressed its readiness and cooperation in this context and with the direct support of the International Monetary Fund."




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The Central Bank of Iraq and the Arab Monetary Fund are discussing financial inclusion


An informed source said on Sunday that a joint meeting between the Central Bank of Iraq and the Arab Monetary Fund to discuss the financial coverage.


The source said that "a joint meeting was held, this morning, between the Arab Monetary Fund and the Central Bank of Iraq and the Association of Iraqi private banks and the Ministry of Finance."


The source added that "the meeting focuses on the issue of financial inclusion."




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The Arab Monetary Fund is discussing with the Central Bank and the Association of Iraqi Private Banks to strengthen the concepts of financial inclusion
Banks

Economy News Baghdad:


A meeting between the delegation of the Arab Monetary Fund (AMF) headed by its Saudi President Dr. Abdulrahman Al-Humaidi and the Iraqi Central Bank, the Iraqi Private Banks Association, the Ministry of Finance and a number of government agencies was held on Sunday morning in Baghdad to promote the concepts of financial inclusion and the presence of World Bank Representative in Iraq Yara Salem.


The delegation of the Arab Monetary Fund included the President of the Saudi Fund Dr. Abdulrahman Al-Humaidi, the World Bank, the Global Financial Inclusion Alliance and the German Development Agency.


"The Arab Monetary Fund has not visited Iraq since the eighties of the last century and we welcome this visit, which opens new horizons in cooperation with the Iraqi financial sector, especially that Iraq is one of the founders of the Fund," said the governor of the Central Bank of Iraq at the beginning of the meeting, Arab Monetary Fund, "pointing out that" the Arab Monetary Fund expressed its cooperation in the participation of the strategy of the Central Bank to develop concepts of financial inclusion within Iraq. "


He stressed that "Iraq has the infrastructure for financial inclusion and will witness the next phase to stimulate the concepts of financial inclusion after it has gone a long way to meet the challenges and the implementation of its requirements,
For his part, the head of the delegation of the Arab Monetary Fund, Abdul Rahman al-Humaidi, said that "the Arab Monetary Fund continues its relations with Iraq and aim to develop them in line with the current reality," stressing that "the Arab Monetary Fund and the Global Alliance for Financial Inclusion and the German Development Agency is in consultation Iraq to develop small and medium enterprises and empower young people and use the best banking techniques. "


Al-Humaidi thanked the Iraqi banks that participated in the Arab Day for Financial Inclusion, pointing out that "the Arab Monetary Fund supports all Iraqi institutions wishing to develop their capacity and expand their financial activities."


"The World Bank has contributed to strengthening the concepts of financial inclusion in Iraq by providing support to the Iraqi government, supporting the budget and achieving governance, as well as providing technical and financial support to various Iraqi institutions," said World Bank Representative in Iraq Yara Salem.


"Iraq has contributed to the development of the system of payments, which contributed to the improvement of financial services, which will lead in the next stage to create new services," adding that "the Iraqi government has made clear progress in the settlement of salaries of state employees."


She called on Salem to welcome the government's efforts to achieve economic reform, stressing that the Financial Integration Initiative team succeeded in achieving financial coverage.


Meanwhile, the director of a department in the Central Bank of Iraq, Mahmoud Dagher, "The banks spent 70 billion dinars on the financing of small and medium projects within the initiative of a trillion dinars launched by the Central Bank," noting that "the problem facing the growth of the banking sector is the dominance of government banks."


In the meantime, the President of the Association of Iraqi private banks, Wadih al-Hantal, that "the Iraqi private banks are ready to implement the strategy of financial inclusion, which will affect positively on the spread of banking services widely," pointing out that "the Association of private banks made a great effort to ensure the financial coverage Which increased to more than 22.5%. "




http://economy-news.net/content.php?id=14056

Our correspondent: The Arab Monetary Fund holds bilateral meetings with Iraqi banks
Side of meetings. "Economy News"
Banks

 

Economy News Baghdad

The correspondent of "Economy News", said that the Arab Monetary Fund began within the activities of the second day of his visit to Iraq, the holding of bilateral meetings with Iraqi banks.

The correspondent added that the first meeting was between the Fund and the Iraqi Bank for Trade, pointing to the influx of many government and private banks to the Prime Minister's Guesthouse to hold bilateral meetings with the Fund.

A delegation from the Arab Monetary Fund (AMF) arrived last Saturday under the chairmanship of the Saudi President, Abdul Rahman Al-Humaidi, in Baghdad to promote the concepts of financial inclusion in Iraq and discuss ways of developing it with the concerned parties.


http://economy-news.net/content.php?id=14062

The Association of Private Banks holds a course on the human resources management system
Side of the symposium. "Economy News"
Banks

 

Economy News Baghdad

On Monday, the Association of Iraqi Private Banks held a training course on the human resources management system.

"The four-day course will seek to raise the level of human resources staff and managers and increase their understanding of HRMS requirements," said Ahmed Al Hashemi, Director of Administration and Training at the Association of Banks, at the opening ceremony.

He added that the target in this session are the staff in the field of human resources, whether they are employees or managers, stressing that it is consistent with the directions of the Central Bank of Iraq and the Association of Iraqi private banks to go bankrupt in the banking sector in Iraq.




http://economy-news.net/content.php?id=14067

Our correspondent reveals the details of the activities of the third day of the visit of the Arab Monetary Fund to Iraq


 

Economy News Baghdad

The correspondent of the "economy News", said that the Arab Monetary Fund and the World Bank began to hold meetings with financial institutions, government and private within the activities of the third day of the Fund's visit to Iraq.

The correspondent added that "the first meeting of the day began shortly before a delegation from the Arab Monetary Fund, the World Bank and the Iraqi Guarantees Company," noting that "the second meeting will be between the delegation of the Fund and the Rafidain government."

He said that "the next meetings will be the share of the banker of Iraq and Iraq, the Islamic national Ahliin."

The meeting will discuss ways to develop the banking sector in Iraq and how to provide the best banking services to customers.

A delegation from the Arab Monetary Fund (AMF) arrived last Saturday under the chairmanship of the Saudi President, Abdul Rahman Al-Humaidi, in Baghdad to promote the concepts of financial inclusion in Iraq and discuss ways of developing it with the concerned parties.




http://economy-news.net/content.php?id=14081

The World Bank delegation starts its meetings with the Association of Iraqi Private Banks
A part of the meeting of the World Bank delegation with the Association of Iraqi Private Banks
Banks

 

Economy News Baghdad

The World Bank delegation held a meeting with the Association of Iraqi Private Banks to review the latest developments in the banking sector in Iraq.

The correspondent of "Economy News", said that "the delegation of the World Bank held a meeting on Wednesday morning with the Association of Iraqi private banks to discuss the latest developments in the banking sector of Iraq."

He added that "the meeting discussed ways to promote the banking sector and raise the proportion of financial coverage in Iraq," adding that "the subsequent meetings will be with the Bank of the Lebanese return and the Turkish bank Ish and Zain Cash and Asia money."

The percentage of financial coverage in Iraq during the past four years to 22.6% because of the procedures of banks to increase its services to the public through contracting with international financial companies.




http://economy-news.net/content.php?id=14087