Economists discuss the role of the banking sector to support sustainable development in Iraq
26/03/2017
23:53 pm (Baghdad time)

Baghdad balances News
The governor of the Iraqi Central Bank on the Keywords that the failure of borrowers to pay what Bzmthm is the most prominent banks, the problems which led to the non-fulfillment of obligations to banks in return while stressing the Parliamentary Finance Committee member Haitham al-Tamimi said the central bank set the task of handling the private banks.
This came during a seminar organized by the Economic Council carving address (the role of the banking sector to support sustainable development in Iraq) and was inaugurated by Ibrahim al-Baghdadi (Masoudi) head of the Iraqi Economic Council, which reviewed eight minutes in the march of the Iraqi Economic Council initiative and loyalty to Iraq.
He spoke Sheikh Dr. Hamoudi, a member of the board of the parliamentary presidency word curt Park and thanked the orientations of the Iraqi Economic Council and its activities, and the readiness of Parliament to support the legislation needed to develop the private sector.
As discussed on the Keywords Governor of the Central Bank of Iraq in his speech among other problems for banks and the reasons for not meet the banks' obligations to borrowers, including the failure of borrowers to pay what Bzmthm, and between the central bank has launched an initiative to address the imbalance in the procedures for granting loans industrial, agricultural and residential projects, but there are proceedings have routine and complexities in handling the failure to take advantage of this initiative.
And Dr. Haitham al-Jubouri, a member of the parliamentary finance committee praising the role of the central bank in its response to the issue of lending for agricultural and industrial projects, investment and residential and explained that "the Central Bank of the task of adjusting deal of private banks as well as to continue monitoring for the completion of payments arrears to contractors and the need to provide the liquidity necessary and covered deposits of the citizens."
Qasim care and Deputy Minister of Planning in turn, praised the efforts made by the Iraqi Economic Council took in seminars on improving economic performance and pointed out that the role of the Ministry of Planning is to follow the proper performance of contractors and Exchange dues, as well as with respect to project development and implementation.
While confirmed Dr. Khawla student Jabbar, director general of the Bank of Iraq and the agency of the Rafidain state bank is committed to the instructions of the ruling and regulations and is prepared to deal with cases that are complete in all respects and engaged in discussions about the length of the launch of loans and receivables contractors.
And Dr. Rashad Khudair sole general manager of the Rasheed Bank and the agency of all the problems faced by the bank in the completion of transactions that some transactions are incomplete and therefore reflect negatively on the performance of the bank and that the bank is trying hard to accomplish all dues and loans.
Bilal Hussein morning, general manager of the bank and industrial agency explained that the number of borrowers who applied for lending were 34 requests to change my, indicating that it was accepting only four projects, including where the rest of the requests they have a lack of submission of documents.
Following Mr. Adel Attia al-Tai, Deputy Director of the Agricultural Bank on the subject of lending and the period specified for that it has been answered by the Governor of the Central Bank.
And then they invited updated each from his point of view has been asking questions on the gentlemen officials and held useful and constructive discussion at the end of the seminar participants came out the recommendations of several of the most important of which was introduced Sheikh Dr. Hamoudi on the Keywords on forming a small committee of movement and discuss what has been put forward ideas and proposals on the improvement of the task supporting and financing the government banks for investment projects mechanism with relevant officials directly, in order to reach a successful solution to the problems of the government banking sector. http://www.mawazin.net/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D9%88%D 9%86-%D9%8A%D9%86%D8%A7%D9%82%D8%B4%D9%88%D9%86-%D8%AF%D9%88%D8%B1-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A-%D9%81%D9%8A-%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D 8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9