08/16/2011
Form a committee to develop a mechanism to open letters of credit without the $4 million
The Commission on Economic Affairs in the cabinet of special procedures to support and develop the private banking sector as a gateway to the development of the Iraqi private sector.
An official source in the Office of the Deputy Prime Minister Ruz Nuri Shawis he decided during the Committee meeting which was chaired by Deputy Prime Minister Ruz Nuri Shawis and the presence of the finance ministers of oil and Planning Trade and Agriculture and Head of the Financial Inspection Office and the Governor of the Central Bank of Iraq and Chairman of the National Investment and Adviser to the Prime Minister for Legal Affairs and Assistant Secretary General for Administration and Finance, adding that he decided during the meeting the formation of a committee of the Ministry of Finance and Central Bank of Iraq and the Iraqi Trade Bank, and representatives from the private sector bank and the Iraqi private sector whose mission is to develop a mechanism to open letters of credit for amounts less than $4 million. The source explained that the aim of the committee is to give the Iraqi banks for their role in the process of building and reconstruction.
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August 10, 2011
Economic Affairs Committee of the Council of Ministers issued a package to support decisions about the budget and the private sector
The Commission on Economic Affairs in the Cabinet during its meeting to increase bank capital industry to 150 billion dinars, and directing the Ministry of Finance to monitor the amount of the increase in the budget in 2012.
A source in the Economic Affairs Committee that the committee made the decision to allocate an annual sum in the budget coming from for the development of and support the private sector, and establish the instructions and to issue regulations that will facilitate the process of granting loans to the private sector, with the development of controls to ensure the recovery of amounts borrowed.
The meeting was chaired by Deputy Prime Minister Dr. example, has typically Nuri Shaways, the presence of the Minister of Planning and Trade and the Governor of Central Bank of Iraq and Chairman of the National Investment Commission, and agents of the ministries of finance, oil, industry, agriculture, and Adviser to the Prime Minister for Legal Affairs, and Assistant Secretary General for Administration and Finance.
http://www.cabinet.iq/ArticleShow.aspx?ID=1649
