So much revealed today from wb & imf…
all this development loan money from international agencies…
not going to be funneled through same corrupt Iraqi banking and ministries…
this is exactly why the banking reforms and supervision mandates were directed in the imf loi [Letter of Intent]…
and why the un monitoring panel is there to make sure the budget allocations and disbursements are executed in full…
remember the 2 state banks were owned by the finance ministry…
which is why all of the corruption and failed development projects were facilitated for so long.
So, as I have stated before there is an absolutely huge initiative toward economic & financial literacy going on at every level...
cbi…finance ministry with wb/imf metac workshops… gov’t/islamic/private/commercial banks individualized process & services training for employees and managers…
and finally at consumer level through education on banking services…bonds and newly announced isx training & education forums & workshops.
