21-07-2012
He attributed the economic expert Majid picture reasons for lack of success of the restructuring of State-owned banks by the World Bank to the absence of real political will called on the government and the House of Representatives to follow up the work on and implement all the recommendations, at the same time, member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri to plan the International Monetary Fund to restructure State-owned banks have not achieved some success full.
The Image (range): The program of restructuring State-owned banks has been accomplished in terms of recommendations and actions to be implemented and training related to it as well as a goal the new organizational plan of action necessary, adding that he was out the recommendations of the re-structuring of Finance under the supervision of a committee composed of the Minister of Finance and the Governor Central Bank and the President of the Office of Financial Supervision in addition to other committee composed of the heads of government banks.
The Image: A new law has been proposed private banks government takes upon itself the principle of good governance and the complete independence of the banks by taking the necessary decisions in their financial, operational and structural explaining that he was lifted to the Council of Ministers and then to parliament.
He said the picture: that the banks do with the present to take the necessary steps in order to accomplish the restructuring is fully called to the need to provide capabilities to implement the plan in all areas of financial and structural.
For his part, said financial expert Maytham defect (range): The process of restructuring the banks is an ongoing process and that some banks have the amendments, noting that this project requires time and great effort.
He added: defect: Some banks to Atatmd on investments in the real work are hampered by the restructuring plan, pointing out that the banking system is attractive for foreign investment and capital.
He called on those responsible for the process to take the necessary measures in this regard.
The Committee intends to finance the parliamentary establishment of a special conference to restructure the banks, two branches of government and private sectors, and will be through raising the issue of the reasons for reluctance not to implement the plan of the World Bank for banks to government to find out the most important developments and to find solutions to the problems encountered, in addition to the knowledge of the extent to which banking business with monetary policy in the to the country through which the legislation of laws to support the banking sector.
At the same time A member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri to plan the International Monetary Fund established since (2007) to restructure State-owned banks have achieved some successes, and not a complete success, calling for the restructuring of the banking sector to encourage foreign investors to come to Iraq.
Yasiri said in a press statement that in the year (2007) adopted the International Monetary Fund mission to restructure the banking sector of government, which includes the Rafidain and Rasheed banks and specialized Kalzeraih, industrial and real estate, and was allocated an estimated $ (10) million dollars, but he did not achieve success full but little them.
He added, is supposed to be crowned with success the plan for restructuring state banks through the introduction of modern technology, which operates international banks by the fact that the committees representing the executive and oversight in the country.
