On: Friday 02/24/2012 13:04
Baghdad (news) .. Download a member of the Economic Commission deputy / Kurdistan Alliance / Mahma Khalil banking sector caused by the reluctance of foreign investors to enter Iraq for the purpose of investment, as it still works according to the old laws and impeding the investment process.
Khalil said in a statement to the Agency (news) Friday: The banking sector Iraq is one of the sectors underdeveloped in the region because it is still working systems of ancient non-sophisticated technology and has a staff administrative impede the investment process through the procedures of routine complexity, what led to the reluctance of foreign investors from entering Iraqi territory to for investment.
He added: There are lots of obstacles that stands in front of the investment process in the country including the failure to pass laws appropriate to invest and not to provide “logistics investment map”, in addition to vital facilities of her, calling: to provide all the requirements of the investment process
for the purpose of promoting the country’s economy.
pointed MP Khalil to: that the sector Iraqi money which includes banks and stock market gave him a historic opportunity was not exploited in order to develop themselves at the opening of Iraq around the world after the change by not adapting to the developments of the banking and financial occurring in the world.
The World Bank adopted a development of the banking sector of Iraq through the formation of a committee by specialists and economists under the chairmanship of economist Majid picture for the purpose of rehabilitation and re-Rafidain and Rasheed, and bring them into line with the evolution of the modern global banking.
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