Sources for (UR): a Conference in London to sell Iraqi banking sector
Saturday, 15 September 2012 08: 14
Baghdad/Orr news: Financial sources said that Iraqi investment conference in the Iraqi banking sector, which will be held in London on 18 and 19 of the month,Will make Iraq banks to finance the bankrupt economies and saving banks in Europe and the United States, as is the case with the banking sector.
According to sources, she is an expert bso'on, finance and economy that Iraqi officials view on investment opportunities in the financial sector would pave to sell Iraq to foreign banking sector, leading to the enactment of laws to facilitate foreign companies to penetrate the Iraqi banking sector, identify core projects to project penetration.
The sources, speakingAgency (UR) and did not want to disclose their identity,The process of investing in the Iraqi banking sector will turn Iraqi State development effort from the Central Bank to banks and private financing and inundating the private sector debt, in addition to laying the foundations for the development of private banks at the expense of the Government and State funds.
Read More Link on Right
Sources said that the barriers existing in investors in the financial sector will lead to liquidity of suction Street and productive market for banks and destroy any chance for the future to use liquidity in the industrial sector, transforming the infrastructure project financing to the banking sector and linking infrastructure foreign ownership.
She said that such a plan if, will be by sources, will make the Baghdad stock market open, breaking by foreign firms, in return for the scenario that happened in South-East Asia in the 1980s and caused the bankruptcy of the States.
And drawn to the prospective investment will develop the insurance sector to link citizen laws force foreign companies to pay to have a property or liquidity in preparation for the privatization of the health sector and service in the next phase of meetings.
According to sources, that this Conference be held in, knock (Grange Tower Bridge Hotel) situated in thePrescot Street45Not the first of its kind to sell Iraqi riches, was preceded by theConference on 7 and 8 September 2011 to sell the mineral wealth under the banner of investment, and after a Conference on 18 and 19 April 2012 to sell refineries.
And learned (UR) that a high-level Iraqi delegation will attend the Conference, and includes among its members both rose Nuri Shaways Qusay Suhail and Sinan Al-Shabibi, Haidar Al-Abadi Ali Yousif Al-Shukri Al-Issawi, and Sami Al-araji Uploader and owner Mohammed daraji hamdiya dry and the appearance of Mohammed Saleh.
Click for Link