Home
World Bank study the development end of the Rafidain and Rasheed
24/1/2012 0:00
BAGHDAD / Iraqi future
World Bank announced that he completed his studies for the restructuring of Rafidain and Rasheed Iraqi government, and that he expected the government decision to implement the study.
The central bank had been allocated last February the amount of $ 10 million grant for the restructuring of banks during the next two years.
The director of the unit restructuring of Rafidain and Rashid Majid picture, "The Committee on the Rafidain and Rasheed have completed a study restructure, especially regarding the application of financial restructuring and the removal of bureaucratic barriers and the Department of State banks."
He added that "the Committee completed a comprehensive study to improve the performance of the Rafidain and Rasheed , concerning the process of developing the payments system and the system of banking and trading instruments. " He pointed out that "the Committee recommended to review the mental state of banking in line with the administrative and financial transactions in the banking world."
Iraq had decided in early 2006 to restructure State-owned banks in order to get rid of the heavy debt. The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%.
[You must be registered and logged in to see this link.]
