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The Federal Government Announces a Plan to Develop the Work of Government Banks
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The Federal Government Announces a Plan to Develop the Work of Government Banks
Kar/Admin on Wed Feb 02, 2011 8:25 am
The Federal Government Announces a Plan to Develop the Work of Government Banks
02/02/2011 13:02
The Federal Government announces a plan to develop the work of government banks
The economic adviser in the Iraqi government, on Wednesday, that the government banks of the Ministry of Finance would be subject to an extensive reform process regarding the mechanisms for the development of its monetary and financial.
And the central bank, earlier this year that will see the financial restructuring of state banks after the successful development of its banking system during the last period.
“Abdul Hussein Al-Anbuge, the Kurdish news agency (Rn) that” the government banks rated by the government on the grounds that public companies will be in the process of an extensive reform regarding the mechanisms for the development of its cash and organization. “
The Anbuge that “the banking system, the government’s flabby, as well as the fact that a large number of the employees are not working well,” noting that “the development that occurred during the previous years below the level of ambition.”
He continued by saying that “the reforms will focus mainly on the process of work of these banks according to commercial standards and global banking systems through the introduction of modern banking in circulation.”
He explained that “the reform process which the government is implemented, aimed at enterprises and government companies, including banks, will continue for a period of five years.”
The Ministry refuses to transfer to the privatization of government banks, despite pressure from the International Monetary Fund and activating the role of private banks and increasing their number in the country.
The Iraqi government is still limited in its financial transactions on the government banks approved by 85%.
And called on the Iraqi Finance Ministry, the earlier Central Bank of Iraq, to take resolute action in granting licenses for the establishment of private banks.
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http://www.aknews.com/ar/&act=url
02/02/2011 13:02
The Federal Government announces a plan to develop the work of government banks
The economic adviser in the Iraqi government, on Wednesday, that the government banks of the Ministry of Finance would be subject to an extensive reform process regarding the mechanisms for the development of its monetary and financial.
And the central bank, earlier this year that will see the financial restructuring of state banks after the successful development of its banking system during the last period.
“Abdul Hussein Al-Anbuge, the Kurdish news agency (Rn) that” the government banks rated by the government on the grounds that public companies will be in the process of an extensive reform regarding the mechanisms for the development of its cash and organization. “
The Anbuge that “the banking system, the government’s flabby, as well as the fact that a large number of the employees are not working well,” noting that “the development that occurred during the previous years below the level of ambition.”
He continued by saying that “the reforms will focus mainly on the process of work of these banks according to commercial standards and global banking systems through the introduction of modern banking in circulation.”
He explained that “the reform process which the government is implemented, aimed at enterprises and government companies, including banks, will continue for a period of five years.”
The Ministry refuses to transfer to the privatization of government banks, despite pressure from the International Monetary Fund and activating the role of private banks and increasing their number in the country.
The Iraqi government is still limited in its financial transactions on the government banks approved by 85%.
And called on the Iraqi Finance Ministry, the earlier Central Bank of Iraq, to take resolute action in granting licenses for the establishment of private banks.
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http://www.aknews.com/ar/&act=url
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