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Hue Mi
12-28-2013, 07:40 PM
Financial difficulty to restructure State banks (http://www.dananernews.com/News_Details.php?ID=4284)

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2013-12-28

Financial difficulty to restructure State banks

Baghdad/JD/... The Finance Ministry hinted at the difficulty of restructuring of State banks, in the process of restructuring requires time and the stability are not available at this time.

The Director of the Finance Ministry's Hilal altaian told reporter/JD/a good Bank and Rafidain in the country is very good.

To enter into a process of restructuring these banks require time and the stability are not available at this time.

The planning Minister was Finance Minister Yousef Al-Shukri Agency had discussed with a delegation from the World Bank, Rafidain Bank and restructuring.

El shukrijumah said at a joint news conference a few months ago, "we received a delegation from the World Bank, discussed with them the implementation of the programme in Iraq, stressing that this programme is a grant from the World Bank and includes two axes for restructuring Iraqi banks,

first emphasize the development of human capacities of Bank management must keep pace with the latest developments in the world and the other side focuses on the problem of getting out of debt accumulated or dead are old debts which are not resolved today, ridden and still burden the Iraqi banks As we discussed the main mechanism for the implementation of this programme.

Adding, that the Finance Ministry would be ready to provide all the necessary facilities for this program. /finished/22/