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Dr. Shabibi's speach the World Bank
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Dr. Shabibi's speach the World Bank
HON. DR. AL SHABIBI: Thank you very much for giving me this opportunity, and I'd like to thank very much the team who is actually working on the financial sector review. This is very important.
And I thank the efforts of all the staff of the World Bank on this, and especially Ms. Andersen, and, of course, the team of Mr. Larbi and Sahar Nasr, which is really very important, very essential for the Iraqi economy.
The financial sector is a complement to the real sector and, of course, in this case, it's very difficult to talk about any kind of development in the real sector without having all the resources to be mobilized for that sector and to be--actually serve it through intermediation, because development of the financial sector will make all these things actually easy for the development and for the resources to go from different saver to different investors and all these things.
So I think it is very important and I would like to appreciate very much the efforts of all the people who are actually working on this project and, of course, His Excellency, the Minister, actually lent his utmost support to this activity and we, in the Central Bank, we are actually all ready to give all the support, because we think that a lot of this work is a complement to the work of the Central Bank in providing stability and the fact that actually--despite the fact that we had a lot of success in the Central Bank in the provision of stability and provision and laying the ground for intermediation and exchange its stability.
But, I mean, that's not enough because we have a banking sector which needs to be developed, which needs actually to--especially the state-owned banks and, of course, the whole private sector banks.
So you can actually count on our support on that, because, I mean, not only the support actually--it is a support actually which we are going to benefit from, eventually. So I'd like to thank you again and look forward actually to the discussion which is going to take place.
http://www.dinarrecaps.com/1/post/2011/09/complete-minutes-of-shabibis-speach-to-world-bank-mike-t-post-ptr.html
And I thank the efforts of all the staff of the World Bank on this, and especially Ms. Andersen, and, of course, the team of Mr. Larbi and Sahar Nasr, which is really very important, very essential for the Iraqi economy.
The financial sector is a complement to the real sector and, of course, in this case, it's very difficult to talk about any kind of development in the real sector without having all the resources to be mobilized for that sector and to be--actually serve it through intermediation, because development of the financial sector will make all these things actually easy for the development and for the resources to go from different saver to different investors and all these things.
So I think it is very important and I would like to appreciate very much the efforts of all the people who are actually working on this project and, of course, His Excellency, the Minister, actually lent his utmost support to this activity and we, in the Central Bank, we are actually all ready to give all the support, because we think that a lot of this work is a complement to the work of the Central Bank in providing stability and the fact that actually--despite the fact that we had a lot of success in the Central Bank in the provision of stability and provision and laying the ground for intermediation and exchange its stability.
But, I mean, that's not enough because we have a banking sector which needs to be developed, which needs actually to--especially the state-owned banks and, of course, the whole private sector banks.
So you can actually count on our support on that, because, I mean, not only the support actually--it is a support actually which we are going to benefit from, eventually. So I'd like to thank you again and look forward actually to the discussion which is going to take place.
http://www.dinarrecaps.com/1/post/2011/09/complete-minutes-of-shabibis-speach-to-world-bank-mike-t-post-ptr.html
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