Economy News – Baghdad
The Parliamentary Investment and Development Committee revealed on Wednesday steps by the Central Bank to lift the ban on 28 banks, while noting that the private sector will participate in many strategic projects by the public sector.
The head of the Parliamentary Investment and Development Committee, Hassan Al-Khafaji, said in a statement followed by “Economy News”: “The committee proposed to the Governor of the Central Bank Ali Al-Alaq to support private private banks and involve them in loans,” explaining that “the governor confirmed its support after lifting minor violations from some banks.”
He pointed out that “the Governor of the Central Bank promised to submit a report to the US Treasury to lift the ban on Iraqi banks, which number 28 private banks,” expecting “the ban on those banks will be lifted during the coming period.”
The Chairman of the Parliamentary Investment and Development Committee stressed “the support of his committee to the private sector as it is the partner and strategic ally of the public sector and a country cannot progress and prosper without the private sector,” pointing out that “the private sector will participate in the public sector with many important strategic projects, electrical, industrial and others.”
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Added 2024/04/03 – 11:28 AM
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