Iraqi and US banks meet in Washington
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    Iraqi and US banks meet in Washington



    Iraqi and US banks meet in Washington


    The presence of adults in the international arena is beneficial in all cases. Traditional non-important economies do not usually receive international attention from major economic blocs, and the presence of Iraqi banks alongside US banks in Washington is evidence of the importance of Iraq and its economy to the other side, The size of the work in our country is large and can employ its financial and executive sector in more than one sector inside Iraq. Preparations continue between Iraq represented by the Association of Iraqi Private Banks and the US States represented by the Institute of Strategic Studies to organize the first Iraqi forum Mirki on October 18 Ongoing.

    Great cooperation
    The Executive Director of the Association of Private Banks Ali Tariq said: "Iraq has a great international interest that can be noted by the presence of international delegations from various economic blocs important to Baghdad, there is great cooperation between the Association and the US Treasury through continuing meetings to discuss mechanisms to promote the Iraqi financial sector."
    "Strengthening the cooperation between the two sides and raising its levels to mutually beneficial levels will be the most important axes of the US-Iraqi forum in Washington," he said in an interview with Al-Sabah. "The development plan of the association aims to raise the efficiency of human resources to international levels that will enable them to deal with The latest technologies witnessed in the international financial sector, as well as urging the banking sector to bring advanced technology that contribute to creating a field of Mali offers the best products and able to deal with the large numbers required by the construction and reconstruction and implementation projects in all cities. The representative of the US Treasury Department in the Embassy of his country in Baghdad to the development in the Iraqi financial sector needs to be highlighted by the media to realize all those who follow this achievement in the most important economic axis in any country .

    Advanced technology
    Tariq pointed out that "the forum will discuss the mechanisms of cooperation between the Iraqi banking sector and his American counterpart, which contributes to the development of the joints of domestic banking work, especially that the US banks have the capabilities of technology can provide advanced bridges of cooperation to achieve great benefit to both sides of the process." He pointed out that " Will be formed by Iraqi banks to be met with the US Treasury Department and major banks and the Foreign Ministry there and representatives of the World Bank and the IMF International "level.

    Bridges of cooperation
    "The forum includes two aspects, the first is to present and clarify the current reality of the banking sector of the American side to be a picture of the reality of all the details of how the future and prospects of our financial reality, the other side includes the opening of bridges of cooperation directly with US banks and this gives greater confidence to our banking sector globally because US banks Has a high degree of compliance with anti-money laundering and terrorism financing and laws, "and contributes to the promotion of investment in Iraq and within the banking sector "He stressed that" the Association aims to open the prospect of cooperation in the field of capacity-building and the development of the Iraqi banking system in general to reach the extent that makes them at global levels."

    Economic operations
    He said the economic specialist Haider Kazem al-Baghdadi: "Iraq is in dire need to communicate with major economies and increase friction with them to contribute to the development of our economy," especially in the financial sector, which needs the new international banks of systems and products to move the overall operations.*"The Iraqi financial sector needs to activate its development role commensurate with the country's economic capabilities that require banking services capable of dealing with large numbers," pointing out that "the view of the American experience is very important and makes Iraqi banks to new tasks after Field experience should be examined American. "

    https://www.alsabaah.iq/ArticleShow.aspx?ID=145824
    Last edited by Okie Dinar; 10-12-2017 at 12:09 AM.



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