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On: Friday 29/7/2011 6:05
Baghdad / term follow-up of economic
government adviser said that the Cabinet decided to initiate work to develop the financial management of the number of solid financial budget in line with changes in the Iraqi economy. Salam al-Quraishi, a Kurdish news agency (Rn) that "the Iraqi government will coordinate with the International Monetary Fund to develop the capacity of the Ministry of Finance to develop investment projects,
And the development of the formulation of the general budget of the country through the training of personnel working in the ministry according to the latest updates of international. "He added that" the Ministry of Finance will develop the department of economic and system support government contracts as well as the preparation of an information system a high level in the management of contracts. He Quraishi, saying, "The World Bank will work in coordination with the Iraqi government to develop the system cabinets, multiple and evaluation system of financial control procedure, and the establishment of an internal network of the Ministry of Finance to exchange financial information across the international system for the development of financial management and banking system."
The Ministry of Finance of Iraq for its efforts during the next year to develop an integrated plan to develop e-government banks and financial relations in the activation of this aspect. The Iraqi government is still limited in its financial transactions on the banks approved by the government by 85%.
and called on the Ministry of Finance earlier in the Iraqi Central Bank to take firm action in granting licenses for the establishment of private banks.
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