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Abadi: You are responsible for the reconstruction of the liberated cities
11/30/2014 0:00
Prime Minister Dr. said. Haider al-Abadi: Iraq has moved on from the conflict situation with the case of terrorism, to take it out completely after big victories on the military effort outstanding Daash terrorist gangs, pointing out that Baghdad and its environs have become insured Aldoaash as well as the liberalization of several areas in Iraq.
He said during the opening of the second banking conference organized by the Association of private banks in Iraq Victory is at hand but it is not easy and needs more sacrifices to eliminate Aldoaash, after being flattened our security forces heroine entities chock her enemy in Salahuddin, Diyala and towards liberalization of Nineveh .uchatab Abadi participants in saying that large parts of Iraq Conference Ataich a state of war, and these areas need economic projects and services better and here highlights the role of the banking sector in stimulating economic activity in. He said: that among other challenges rebuilding the liberated areas which need huge potential and hence the importance of banks and efforts in regional ocean investment to provide support for investment activity and there are more investment opportunities in the services sectors, electricity, water, schools and other will go to the private sector to unload government oversight and supportive role for this activity.
He talked about his vision in a way to support the private banking sector in the coming legislation, which will contribute to giving him a prominent role in the development, pointing out that one of the main pillars of the government program is a true partnership between the public sector and the private sector and this Masngesdh Flal during this phase.
Economic Development
Governor of the Central Bank on the Keywords confirmed his part, during his speech at the Conference of the growing role of the banking sector, because of the challenges that the world has seen, pointing out that he became faces new tasks related, social, security, economic dimensions, indicating that the world is exposed to the risk of networks exercise organized crime, fraud and terrorism, so it became the banking system is part of the system that address Ha.oukal: the growing role of banking institutions leads to the activation of cooperation and coordination between the public and private sectors for the success of economic development task and reduce crimes that threaten society, stressing foil converted piracy saved the banking system for Iraq, which targeted the conversion of 280 billion dinars in the first batch, which is the biggest scams in the history of Iraq.
He pointed out that coordination between financial institutions so frustrated attempt, and is best for cooperation between the public and private sectors indicator, indicating that the central bank siren all their resources to support the banking system, because we believe that there is no economic development without a sophisticated banking system.
Completion of regulatory frameworks for your payments and unify the security specifications of the instruments to prevent fraud is one of the central achievements according to the relationship, which stressed the importance of legal legislation guarantee deposits and Islamic banks that take their role expands in Kbermbena importance of mergers between banks to create banking capabilities are able to provide better services.
Finance Court
President of the Association of private banks in Iraq and Wadih Handal pointed to the importance of involving the private sector in making decisions that concern the process of economic development, noting that the success of the banking sector is one of the only effective economic construction in the world, not Iraq windows, stressing that the conference content is designed to address many of the economic problems in the country, especially that it is the backbone of economic development.
He called for the formation of the Finance Court and activation of cooperation between the government and private banks to activate the growing micro-enterprises and poverty eradication, also addressed the challenges faced by banks and branches in the provinces and hot mechanism compensate for these banks to resume lending activity.
Openness towards evolving banking sector represents a target for future work of the association (as bitter melon), who described Raús capital of private banks operating in Iraq brave, where it was invested in the most difficult security conditions experienced on the country after 2005, and that did not happen anywhere in the land of living reality similar.
He said: This is a reference to the possibility of an important development of the banking sector and its ability to provide the best banking products, and the adoption of technologies adopted by regional and international banks, especially as the government program may first banking reform great importance to its active role in sustainable development.
The success of the experiment
Microfinance has become a matter to a large segment of young professionals and provides many job opportunities in various disciplines such as made by the Executive Director of the Association of private banks in Iraq, Ali Tariq, who said in an interview (morning) on the sidelines of the conference that the support of small and micro-enterprises achieved results great for the country after the 2003 institution and one is now 12 institutions provided loans in the amount of one billion and $ 300 million, pointing out that the repayment rate was 98 percent.
He said a lot of projects begun micro and now greatly expanded and provide job opportunities ranging from 4-5 people, pointing to the importance of expanding this experience.
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11/30/2014 0:00
Prime Minister Dr. said. Haider al-Abadi: Iraq has moved on from the conflict situation with the case of terrorism, to take it out completely after big victories on the military effort outstanding Daash terrorist gangs, pointing out that Baghdad and its environs have become insured Aldoaash as well as the liberalization of several areas in Iraq.
He said during the opening of the second banking conference organized by the Association of private banks in Iraq Victory is at hand but it is not easy and needs more sacrifices to eliminate Aldoaash, after being flattened our security forces heroine entities chock her enemy in Salahuddin, Diyala and towards liberalization of Nineveh .uchatab Abadi participants in saying that large parts of Iraq Conference Ataich a state of war, and these areas need economic projects and services better and here highlights the role of the banking sector in stimulating economic activity in. He said: that among other challenges rebuilding the liberated areas which need huge potential and hence the importance of banks and efforts in regional ocean investment to provide support for investment activity and there are more investment opportunities in the services sectors, electricity, water, schools and other will go to the private sector to unload government oversight and supportive role for this activity.
He talked about his vision in a way to support the private banking sector in the coming legislation, which will contribute to giving him a prominent role in the development, pointing out that one of the main pillars of the government program is a true partnership between the public sector and the private sector and this Masngesdh Flal during this phase.
Economic Development
Governor of the Central Bank on the Keywords confirmed his part, during his speech at the Conference of the growing role of the banking sector, because of the challenges that the world has seen, pointing out that he became faces new tasks related, social, security, economic dimensions, indicating that the world is exposed to the risk of networks exercise organized crime, fraud and terrorism, so it became the banking system is part of the system that address Ha.oukal: the growing role of banking institutions leads to the activation of cooperation and coordination between the public and private sectors for the success of economic development task and reduce crimes that threaten society, stressing foil converted piracy saved the banking system for Iraq, which targeted the conversion of 280 billion dinars in the first batch, which is the biggest scams in the history of Iraq.
He pointed out that coordination between financial institutions so frustrated attempt, and is best for cooperation between the public and private sectors indicator, indicating that the central bank siren all their resources to support the banking system, because we believe that there is no economic development without a sophisticated banking system.
Completion of regulatory frameworks for your payments and unify the security specifications of the instruments to prevent fraud is one of the central achievements according to the relationship, which stressed the importance of legal legislation guarantee deposits and Islamic banks that take their role expands in Kbermbena importance of mergers between banks to create banking capabilities are able to provide better services.
Finance Court
President of the Association of private banks in Iraq and Wadih Handal pointed to the importance of involving the private sector in making decisions that concern the process of economic development, noting that the success of the banking sector is one of the only effective economic construction in the world, not Iraq windows, stressing that the conference content is designed to address many of the economic problems in the country, especially that it is the backbone of economic development.
He called for the formation of the Finance Court and activation of cooperation between the government and private banks to activate the growing micro-enterprises and poverty eradication, also addressed the challenges faced by banks and branches in the provinces and hot mechanism compensate for these banks to resume lending activity.
Openness towards evolving banking sector represents a target for future work of the association (as bitter melon), who described Raús capital of private banks operating in Iraq brave, where it was invested in the most difficult security conditions experienced on the country after 2005, and that did not happen anywhere in the land of living reality similar.
He said: This is a reference to the possibility of an important development of the banking sector and its ability to provide the best banking products, and the adoption of technologies adopted by regional and international banks, especially as the government program may first banking reform great importance to its active role in sustainable development.
The success of the experiment
Microfinance has become a matter to a large segment of young professionals and provides many job opportunities in various disciplines such as made by the Executive Director of the Association of private banks in Iraq, Ali Tariq, who said in an interview (morning) on the sidelines of the conference that the support of small and micro-enterprises achieved results great for the country after the 2003 institution and one is now 12 institutions provided loans in the amount of one billion and $ 300 million, pointing out that the repayment rate was 98 percent.
He said a lot of projects begun micro and now greatly expanded and provide job opportunities ranging from 4-5 people, pointing to the importance of expanding this experience.
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