Baghdad, August 22 / August (Rn) – World Bank completed 80% of the proportion of the restructuring of the financial aspects of a bank of good and Mesopotamia on the system of payments, according to the director and the restructuring of the unit banks.
Said Majid picture of Kurdistan News Agency (Rn) Monday that “the unity of the restructuring of the problem by the World Bank completed the gain of 80% of the requirements for improving the performance of banks in the development of financial payments that will improve the performance of a bank of good and Mesopotamia and restructuring in line with the electronic development in the the work of international banks. “
The central bank has allocated last February of $ 10 million grant for the restructuring of banks during the next two years.
He added that “the percentage of completion of system liabilities in the financial sector restructuring was completed and the unit banks 40% and is continuing to implement the stages of restructuring and operational aspects of the development, construction and internal control.”
Iraq had decided in early 2006 to restructure government banks in order to get rid of the heavy debt.
The Iraqi government is still limited in its financial transactions on the banks approved by the government by 85%.