INA / Minister of Finance in Washington looking to restructure state banks and upgrading them to the World

INA / Minister of Finance in Washington looking to restructure state banks and upgrading them to the World

Conscious / Baghdad / St. G
14/10/2010 1:09 pm

Search Finance Minister Baqir Jabr Al-Zubaidi, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank

In Washington, the restructuring of State-owned banks, especially the Rafidain and rational and to upgrade them to the level of international banks and the need to support private sector banks to take a role in the process of building a new Iraq with Deputy U.S. Treasury Secretary and will

He said media source for the reporter (news agency, media / INA) said Zubaidi provided an explanation of "detailed" to the process of restructuring that is going well and the steps taken to support private sector banks, especially the "action awarded work for the government, including the opening credits, which started with one million dollars and then two million dollars It is possible for each adoption to increase the amount to four million dollars, as well as the possibility of opening accounts to the government of showing That the banks must strengthen its financial position by increasing their capital or merge with each.

The Finance Minister on the importance of continuity of the power of the financial position and economic status of the Iraqi government through the construction of a realistic budget based assumptions logical and reasonable as the rate of export of oil and the quantity of export so as not exposed to the problems in the case of large changes in these assumptions, and the need for continued good relationship with the International Monetary Fund and the Agreement on These assumptions and the need for continued good relationship with the International Monetary Fund, agreed, and especially in the second review talks SPA3 .

The Minister of Finance said that crude oil prices were to rely on world prices, although it has fluctuated during the past period and the need to deepen more in identified either in export volumes, the assumptions were based "on the figures provided by the Ministry of Oil formally, and we had some Althvdhat in the light of experience 2010.

For his part, expressed his deputy Treasury secretary, the ministry's readiness to provide all forms of support both in terms of supporting Iraq in its relationship with the World Bank and International Monetary Fund and continued to send the experts who help the departments of the Ministry of Finance.

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Meet with Deputy U.S. Treasury Secretary stresses importance of restructuring the banks, Iraqi government to reach out to the ranks of international banks

Washington 14/10/2010 الزبيدي ... Zubaidi ... ي
Meet with Deputy U.S. Treasury Secretary stresses importance of restructuring the banks, Iraqi government to reach out to the ranks of international banks


On the sidelines of the annual meetings of the IMF and World Bank held the Minister of Finance Baqir



Zubaidi, a meeting "at the U.S. Treasury Department with Mr. and will not be Deputy U.S. Treasury Secretary and the presence of Mr. appoint the assistant undersecretary of the ministry attended the meeting on the Iraqi side d. Shabibi Iraqi Central Bank Governor During the meeting, they discussed the importance of restructuring the state banks, especially the Rafidain and rational and to upgrade them to the level of international banks and the need to support private sector banks to take a role in the process of building the new Iraq. The HE the Minister explained, "detailed" to the process of restructuring that is going well and the steps taken to support private sector banks, especially the "action awarded work for the government, including the opening credits, which began a million dollars and then two million dollars for each adoption is possible to increase the amount to four million dollars, as well as the possibility of opening accounts to the government of which we have between Maale that the banks must strengthen its financial position by increasing their capital or merge with each order to get rid of the banks family. He also the Minister of Finance on the importance of continuity of the power of the financial position and economic status of the Iraqi government through the construction of a realistic budget based assumptions logical and reasonable as the rate of export of oil and the quantity of export so as not exposed to the problems in the case of large changes in these assumptions. and the need for continued good relationship with the International Monetary Fund and the Agreement on These assumptions and the need for continued good relationship with the International Monetary Fund, agreed, and especially in the second review talks SPA3. has been between the Minister of Finance that the price of crude oil has been to rely on world prices, although it has fluctuated during the past period and the need to deepen

. More in identified either in export volumes, the assumptions were based "on the figures provided by the Ministry of Oil formally, and we had some Althvdhat in the light of the experience in 2010. Mr. Finance Minister thanked the U.S. Treasury Department for the continued support provided by the Ministry of Finance of Iraq, both with regard to Annex Financial Department at the embassy and staff, who works with him or through experts who were sent in various disciplines, including taxes, budget, market Switches Treasury. has been expressed by the Deputy Secretary of the Treasury Ministry's readiness to provide all forms of support both in terms of supporting Iraq in its relationship with the World Bank and IMF International and continued to send the experts who help the departments of the Ministry of Finance.

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