A REPORT TALKING ABOUT THE 2 BIG STATE BANKS BREAKUP AND PRIVATIZATION PROJECT…BEING AT 90% COMPLETION STATUS…THE PROCESS WAS PART OF THE 2011 IMF LOI/MEFP/TECH MOU…THAT’S 2011.
IT IS TASKED IN THE 2016 LOI/MEFP/TECH MOU TO BE COMPLETED BY END OF FEBRUARY…SO WHEN CURRENT REPORTS ARE SHOWING 90% COMPLETION…
ON A PROJECT THAT IS 5 YEARS IN PROCESS…AND COMPLETION TO SUCH AN INTEGRAL MANDATE…
THIS MOVE WILL CHANGE FOREVER THE LANDSCAPE AND FUNCTIONALITY OF THE IRAQI BANKING SECTOR.
THIS IS WHY THAT NEWS IS SO INCREDIBLE…
DO YOU THINK A PROJECT AS COMPLEX AND INVOLVED AS BREAKING UP AND PRIVATIZING 2 OF THE 3 BIG STATE BANKS IN IRAQ WAS THOUGHT ABOUT IN OCTOBER…AND SAID OH YEAH LETS GET THIS DONE BY FEBRUARY…
NO…IT HAS BEEN A PART OF THEIR IMF TECHNICAL ASSISTANCE PROGRAM FOR MANY MANY YEARS…
WHICH NEEDS TO BE KEPT IN MIND WHEN LOOKING AT THE VARIOUS COMPLIANCE INITIATIVES THEY ARE AND HAVE BEEN WORKING ON…AND WHY THEY ARE SO FAR AHEAD OF SCHEDULE…
[The 90% bank completion is very exciting.]
IT SURE IS AND WILL FOREVER CHANGE THE COMPLEXION OF THEIR FINANCIAL & ECONOMIC LANDSCAPE AND GROWTH.
