Specialized banks



Author: Mohamed Sherif Abu Maysam

02/8/2017 12:00 am

What is the need for the work of government banks specialized in the scene of the capitalist market economy as long as the trades and exchanges are left to the market mechanism without interference of the state in directing development plans as foreshadowed by neo-liberalism on the pretext of economic reform?

These banks were found in the structure of the totalitarian economy to be a tool of sectoral support in order to support the process of sustainable development that has not been realized or integrated at any stage in the history of modern Iraq, and later turned into a tool of the ruling power in the dictatorship that benefited from the implementation of the policy The sticks and carrots that prevailed at the time, and therefore they were and still are development institutions beyond the real service for which they were found in order to support the real sectors and achieve economic integration through the granting of subsidized loans and banking facilities related to the activities of sectors to achieve the realization All the functions of commercial banks that put into the forefront of profitability in its performance.

Today, we are in dire need of these banks to support our fractured real sectors that have been and continue to be the victims of a faltering market whose aim was to reach these sectors to the level of the deficit in solving the problem of unemployment and contributing to GDP by mismanagement, dumping and inability to provide energy services, Laws that protect the local product and support the real sectors to be implemented.

The role of specialized banks to complement this series of obstacles, when the activities remained without ambition and reasons are almost known to all, and targeted the services of these institutions from the Department of access to support, Through the means and methods of Maadt hidden on one, but the womb of my Lord, some of which became a loser according to banking standards due to poor credit management that do not take credit risk, but on the serious and committed to its criteria, even become terminally collectible loans make up the bulk of the Moqova.

Therefore, these institutions have become candidates for integration or privatization, which was prepared for them years ago, to be the question we started by the importance of its presence in the scene of market liberalism as long as the transactions and transactions left to the mechanism of the market? ..

This question jumps on a series of facts, The urgent need for such development institutions to support the sustainability of the real sectors that constitute the backbone of all economies that seek to achieve food security and social security away from the hiatus of the so-called globalization of production and the globalization of markets whose slogans fell in the European Union by the protectionism that Ga The right, but some are still delusional and betting on leaving everything to the market and ignore the importance of these banks.

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