Central Bank: Conditions of the International Monetary Fund aims to reform Iraq’s economy



Governor of the Central Bank Ali Al-Alaq “Economy News”

  

 Banks

Economy News Baghdad: 
The governor of the Central Bank, Ali Alalak, that the economy of Iraq can not rise without the existence of a real banking sector and effective, stressing that the conditions of the International Monetary Fund aims to reform the economy. 
Al-Alak said in his speech at the celebration held by the Islamic Bank of Iraq on the occasion of the anniversary of the “25” year of its founding, and attended by “Economy News”, “It can not rise the economy of Iraq without a real banking sector and actively contribute to support the productive sectors,” adding that ” Of the Iraqi banks possess human and financial capabilities and keep abreast of developments in banking systems. ”
He pointed out that “the need to strengthen confidence between banks and citizens, which reflects positively on the economy of the country and facilitate banking operations and create great competition,” noting that “the Central Bank launched the largest lending initiative in the history of Iraq through the allocation of 6 trillion dinars.”
He pointed out that “the Iraqi economy exceeded the difficult stage and that the IMF’s recent report on the financial situation of Iraq was positive,” stressing that “the conditions of the International Monetary Fund aims to reform Iraq’s economy by controlling expenditures and revenue.”

 http://economy-news.net/content.php?id=8628

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s