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Investors Iraq News
01-28-2014, 08:37 PM
Iraq plans state investment bank to push projects

Iraq plans to establish a state-funded investment bank to help finance big infrastructure projects and steer money towards private sector companies which need it, a senior government official said on Monday.

Source: IraqDirectory.com (http://www.iraqdirectory.com/en/2014/01/28/26208/iraq-plans-state-investment-bank-to-push-projects.aspx)

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dinar_dude
01-28-2014, 09:23 PM
This is going in the opposite direction is should. The five banks that the CBI said are in trouble, including Warka, and Basrah Bank being liquidated, indicates Iraq wants to return to state-driven economics, not a free private sector.