World Bank awaits government decisions to restructure the Ra

[Stillw8n]

World Bank awaits government decisions to restructure the Rafidain and Rasheed

Date: Monday, 23/01/2012 18:28

World Bank study completed for the restructuring of Rafidain and Rasheed Iraqi government, and that he expected the government decision to implement the study.

The central bank had last February allocated $ 10 million grant for the restructuring of banks during the next two years.

The director of the unit restructure the Rafidain and Rashid Majid picture (Rn) that “the Rafidain and Rasheed has ended a study of the restructure, especially regarding the application of financial restructuring and the removal of bureaucratic barriers and the Department of State banks.”

He added that “the Commission has completed a study to develop a complete performance of the Rafidain and Rasheed, and on the process of developing a system of payments and the banking and trading instruments.”

He pointed out that “the Committee recommended to review the mental state of banking in line with the administrative and financial transactions in the banking world.”

Iraq had decided in early 2006 and the restructuring of government banks in order to get rid of the heavy debt. The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%.

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