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.”