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Securities demanding the central bank to amend the work of banks
3/2/15
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The Securities Commission has demanded the Central Bank, to amend the work of banks in order to attract investors and to ensure that facilitate their work.
The head of the Abdul-Razzaq al-Saadi's (IMN), that "investors suffer from the weakness of the facilities in the banks, which negatively affects their work, which leads to a reluctance to invest."
Economists said failure to resolve the economic development in Iraq problem at the present time, but the establishment of a development bank is able to collect the necessary process of economic development funds.
Saadi added that "the Commission has contacted officials to look at the problems of the securities, which have a negative impact on the country's market economy."
The focus of the government program, to adopt institutional reform curriculum, and to accelerate the completion of the administrative reform program, and the provision of economic and financial reform suitable environment, anti-corruption, and to encourage a shift towards the private sector, and the provision of infrastructure and the most important of electricity, water and transport.
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