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BACKGROUND The banking sector today is an essential pillar of the construction of any free economy. This sector supports the government and contributes to the process of economic and social growth. If the foundations used to build this sector are strong and solid, based on scientific planning, and abound with competence, experience and confidence, it will succeed in contributing to the development and investment plans in terms of construction, reconstruction and economic growth of the countries and societies.
Iraq represents a remarkable and ideal case for investment and construction projects, especially that the size of large investments necessary to achieve development requires a multi-disciplinal funding effort that can’t be limited to only one source of funding. Iraq is a rich and attractive country for investment due to its scientific and technical cadres, its natural resources, and administrative procedures and legal system that ensure the facilitation of investment and allow access to the Iraqi market and provide equal opportunities for Arab and foreign investments with the availability of mechanisms for financing and transfer of currency to and from Iraq.
Faced with this reality, the Union of Arab Banks is willing today to contribute in promoting this outstanding qualitative shift of Iraq, by holding the “Baghdad Economic and Banking Forum”. This forum is meant to be the first to shed light on major developments of the Iraqi economy, and to open the way before the international and Arab financial institutions, and the Arab banking sector to be the first to enable them to benefit from the developments in Iraq, to hold direct economic relationships with Iraqi institutions and take advantage of the future active role Iraq is expected to have.
The Union of Arab Banks - in cooperation with the Union of Iraqi private banks, and the Iraqi banks – has decided to raise this issue in this forum, in presence of a large assembly of Ministers of Finance and Economy, Central Bank Governors and decision-makers in the Arab and international financial institutions, in order to develop plans for growth, stability and progress, build “outstanding relations among the Iraqi banking sector and other Arab banking sectors, and strengthen the national economy allowing it to better face the challenges both internally and externally, by referring to experts, researchers and businessmen, by showing similar experiences to reach practical and serious recommendations that realize the objective of this forum.
AXES OF DISCUSSION Role of the banking sector in the economic development process
Government strategies to restructure the economy
Political stability and investment guarantees in Iraq
Arab financial cooperation and its role in the economic boom
Prospects for investment and reconstruction in Iraq and role of productive sectors (electricity, oil, telecommunications, housing)
Requirements of reform for the banking sector in Iraq (priorities and challenges)
Banking legislation to keep pace with the evolution of the banking industry
Development of information technology of Iraqi's banking sector
Success Opportunities of Islamic banking in Iraq.
OBJECTIVES Encourage opening Arab markets to trade and investment
Shed light on the achievements of the Iraqi government in restructuring of the economy
Shed light on investment opportunities in Iraq
Identify the requirements of the banking industry in Iraq
Identify priorities and challenges facing the business sector in Iraq
Present a platform for the Arab banking sectors to communicate directly with the Iraqi banking sector and building bilateral relations.
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Iraq represents a remarkable and ideal case for investment and construction projects, especially that the size of large investments necessary to achieve development requires a multi-disciplinal funding effort that can’t be limited to only one source of funding. Iraq is a rich and attractive country for investment due to its scientific and technical cadres, its natural resources, and administrative procedures and legal system that ensure the facilitation of investment and allow access to the Iraqi market and provide equal opportunities for Arab and foreign investments with the availability of mechanisms for financing and transfer of currency to and from Iraq.
Faced with this reality, the Union of Arab Banks is willing today to contribute in promoting this outstanding qualitative shift of Iraq, by holding the “Baghdad Economic and Banking Forum”. This forum is meant to be the first to shed light on major developments of the Iraqi economy, and to open the way before the international and Arab financial institutions, and the Arab banking sector to be the first to enable them to benefit from the developments in Iraq, to hold direct economic relationships with Iraqi institutions and take advantage of the future active role Iraq is expected to have.
The Union of Arab Banks - in cooperation with the Union of Iraqi private banks, and the Iraqi banks – has decided to raise this issue in this forum, in presence of a large assembly of Ministers of Finance and Economy, Central Bank Governors and decision-makers in the Arab and international financial institutions, in order to develop plans for growth, stability and progress, build “outstanding relations among the Iraqi banking sector and other Arab banking sectors, and strengthen the national economy allowing it to better face the challenges both internally and externally, by referring to experts, researchers and businessmen, by showing similar experiences to reach practical and serious recommendations that realize the objective of this forum.
AXES OF DISCUSSION Role of the banking sector in the economic development process
Government strategies to restructure the economy
Political stability and investment guarantees in Iraq
Arab financial cooperation and its role in the economic boom
Prospects for investment and reconstruction in Iraq and role of productive sectors (electricity, oil, telecommunications, housing)
Requirements of reform for the banking sector in Iraq (priorities and challenges)
Banking legislation to keep pace with the evolution of the banking industry
Development of information technology of Iraqi's banking sector
Success Opportunities of Islamic banking in Iraq.
OBJECTIVES Encourage opening Arab markets to trade and investment
Shed light on the achievements of the Iraqi government in restructuring of the economy
Shed light on investment opportunities in Iraq
Identify the requirements of the banking industry in Iraq
Identify priorities and challenges facing the business sector in Iraq
Present a platform for the Arab banking sectors to communicate directly with the Iraqi banking sector and building bilateral relations.
[You must be registered and logged in to see this link.]
