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Author: HAM
Editor: AF, NK 06/01/2013 16:33
Range Press / Baghdad
Union called on private banks in Iraq, on Saturday, the Iraqi Central Bank and the government, to support small and medium enterprises, and stressed that the proportion of these projects in Iraq was "shameful" and describing the private sector as "dead." In Iraq, while economists confirmed the existence of the reserve "tremendous" in the Central Bank and private banks can be exploited to support these projects instead of "stopovers" on the oil.
The head of the Federation of private banks Manaf Al-Badri, said in an interview to a number of media, including (range Press), on the sidelines of the first Conference of projects, small and medium, which was held under the auspices of the Iraqi Central Bank in the Hotel Ishtar in Baghdad, said that "small and medium enterprises are large projects in industry economy of developed countries and contribute to the elimination of unemployment and increase the gross national product and it needs to support the government and the central bank. "
Badri added that "the proportion of the contribution of these projects exceeds 90% in the GDP of developed countries such as Japan and China while the increase shameful in Iraq and did not see this thing is an economic blind."
Badri explained "Today's move from a restricted economy to a free economy and this requires a mindset open to free market economics, expressing regret for" control mentality that believes in unrestricted economy on this transition. "
For his part, the Director of the Iraqi network Microfinance Ahmed Abdel Karim, said in an interview to (range Press), "a reserve massive central bank and private banks," noting that "if the use of these funds to support small and medium enterprises since the Iraqi economy is limping on oil. "
Abdul Karim stressed that "small and medium-sized enterprises are almost nonexistent in Iraq," describing the private sector to "Dead."
For his part, said economic expert, Mazen al-Asadi said in an interview (Presse term), "The support of small and medium enterprises need to develop the banking sector, which is still shackled laws and regulations that limit efficiency."
Asadi said, "When the central bank freed of restrictions and put the laws suit the present and the future to which we aspire will achieve a lot in the field of investment."
He called al-Asadi of the Iraqi Central Bank to "support these projects because they are going to move the market," stressing "the need for a data bank for recording loans and to censor and follow their borrowers before granting loans."
Bankers pregnancy and economies, in the (15 May 2013), the Ministry of Finance and the Central Bank of Iraq responsible for the decline and the reality of domestic private banks, while accusing the latter encouraging Arab and Iranian banks at the expense of Iraq.
The International Monetary Fund said in a report issued in (the 21 of March 2013), after the end of consultations in the Jordanian capital Amman, between a delegation from the Fund and an Iraqi delegation headed by the Minister of Planning Ali Shukri, and seen by (the long-Presse), that the improvement occurred in the financial sector , but he stressed that he still needs a "greater efforts by the central bank in the revision of monetary policy tools and strengthen banking supervision, and to accelerate the restructuring of the banking system."
The International Monetary Fund (IMF) called the CBI to "take measures to gradually towards the liberalization of foreign exchange through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year."
UNFPA emphasized that "the establishment of a banking system nationalist requires abandoning the current model, which is controlled in which weak banks owned by the state, which enjoys preferential treatment apart from private banks," calling on Iraq to do to strengthen its institutions, public finance to ensure efficiency and transparency in the use of oil revenues. "
It is noteworthy that the private sector has seen a significant deterioration after the year 2003 due to the lifting of government support for and allocated for the industrial sector of it, which led to the suspension of most laboratories and factories from work due to their inability to compete with imported goods are supported in the countries that come from, that are not subject of imported for large fees, as well as local problems caused by the fuel and energy crises and lawlessness, and equipment obsolescence.
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Editor: AF, NK 06/01/2013 16:33
Range Press / Baghdad
Union called on private banks in Iraq, on Saturday, the Iraqi Central Bank and the government, to support small and medium enterprises, and stressed that the proportion of these projects in Iraq was "shameful" and describing the private sector as "dead." In Iraq, while economists confirmed the existence of the reserve "tremendous" in the Central Bank and private banks can be exploited to support these projects instead of "stopovers" on the oil.
The head of the Federation of private banks Manaf Al-Badri, said in an interview to a number of media, including (range Press), on the sidelines of the first Conference of projects, small and medium, which was held under the auspices of the Iraqi Central Bank in the Hotel Ishtar in Baghdad, said that "small and medium enterprises are large projects in industry economy of developed countries and contribute to the elimination of unemployment and increase the gross national product and it needs to support the government and the central bank. "
Badri added that "the proportion of the contribution of these projects exceeds 90% in the GDP of developed countries such as Japan and China while the increase shameful in Iraq and did not see this thing is an economic blind."
Badri explained "Today's move from a restricted economy to a free economy and this requires a mindset open to free market economics, expressing regret for" control mentality that believes in unrestricted economy on this transition. "
For his part, the Director of the Iraqi network Microfinance Ahmed Abdel Karim, said in an interview to (range Press), "a reserve massive central bank and private banks," noting that "if the use of these funds to support small and medium enterprises since the Iraqi economy is limping on oil. "
Abdul Karim stressed that "small and medium-sized enterprises are almost nonexistent in Iraq," describing the private sector to "Dead."
For his part, said economic expert, Mazen al-Asadi said in an interview (Presse term), "The support of small and medium enterprises need to develop the banking sector, which is still shackled laws and regulations that limit efficiency."
Asadi said, "When the central bank freed of restrictions and put the laws suit the present and the future to which we aspire will achieve a lot in the field of investment."
He called al-Asadi of the Iraqi Central Bank to "support these projects because they are going to move the market," stressing "the need for a data bank for recording loans and to censor and follow their borrowers before granting loans."
Bankers pregnancy and economies, in the (15 May 2013), the Ministry of Finance and the Central Bank of Iraq responsible for the decline and the reality of domestic private banks, while accusing the latter encouraging Arab and Iranian banks at the expense of Iraq.
The International Monetary Fund said in a report issued in (the 21 of March 2013), after the end of consultations in the Jordanian capital Amman, between a delegation from the Fund and an Iraqi delegation headed by the Minister of Planning Ali Shukri, and seen by (the long-Presse), that the improvement occurred in the financial sector , but he stressed that he still needs a "greater efforts by the central bank in the revision of monetary policy tools and strengthen banking supervision, and to accelerate the restructuring of the banking system."
The International Monetary Fund (IMF) called the CBI to "take measures to gradually towards the liberalization of foreign exchange through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year."
UNFPA emphasized that "the establishment of a banking system nationalist requires abandoning the current model, which is controlled in which weak banks owned by the state, which enjoys preferential treatment apart from private banks," calling on Iraq to do to strengthen its institutions, public finance to ensure efficiency and transparency in the use of oil revenues. "
It is noteworthy that the private sector has seen a significant deterioration after the year 2003 due to the lifting of government support for and allocated for the industrial sector of it, which led to the suspension of most laboratories and factories from work due to their inability to compete with imported goods are supported in the countries that come from, that are not subject of imported for large fees, as well as local problems caused by the fuel and energy crises and lawlessness, and equipment obsolescence.
[You must be registered and logged in to see this link.]
