Enact laws to support electronic payment system and the balance of payments
[Shredd] A sound banking system that is at the same time competitive and available to everyone is exactly what we are looking for.
These banks having the ability to move money is one thing but having a risk adverse, dual controlled, regulated and compliant system is imperative before investment can grow at the pace we are looking for.
Experts: a market economy to achieve comprehensive development
[tlm724] addressing structural imbalance in the legislation relating to this side
[tlm724] for the market economy to achieve comprehensive development
[tlm724] removal All obstacles by creating a sound environment for their work and repair the infrastructure of the banks
[rsp1] Gotta get that budget passed...that's all there is to it.
[tlm724] rsp1 thats only part of the problem, creating a free market economy is separate thing
. [tlm724] is unable to perform the role required in the absence of support for this sector and the migration of capital.
[tlm724] capital flow is a big issue as we saw the other day bank deposits are up a great deal however the challenge comes in getting that money back out in the form of loans etc, keeping the capital flowing
[tlm724] I think they are getting there, seeing the error of their ways, but this will take a bit to create a true free market
[tlm724] all sectors have to be included in this free market from mom and pop to the construction industry, ag etc.., just about everything
Investment partnerships to establish sophisticated industries
[tlm724] show a desire for investment companies to forge partnerships between them and Iraqi companies to achieve this development in various productive sectors
[tlm724] that Iraq is now in the process of transformation of the economy's dictatorship to a market economy requires the development of economic reality by quoting the experiences of a new world through partnerships with renowned international companies and with the expertise to achieve comprehensive development in Iraq
[tlm724] that Iraq is now in the process of transformation
[tlm724] intended economy emerging is that that the country is seeking to become an advanced economy through liquidity in the debt and equity markets and the local presence of a form of exchange in the market and the regulatory body
[tlm724] but they are usually physical infrastructure, finance and banking and stock uniform.
[tlm724] that a good thing, just what we talked about in the other art
[tlm724] their are some smart people in Iraq advising