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ADVISOR TO THE IRAQI PRIME MINISTER FOR FINANCIAL AFFAIRS: FINANCIAL INCLUSION ACHIEVES SUSTAINABLE DEVELOPMENT AND ECONOMIC WELL-BEING DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

ADVISOR TO THE IRAQI PRIME MINISTER FOR FINANCIAL AFFAIRS: FINANCIAL INCLUSION ACHIEVES SUSTAINABLE DEVELOPMENT AND ECONOMIC WELL-BEING

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ADVISOR TO THE IRAQI PRIME MINISTER FOR FINANCIAL AFFAIRS: FINANCIAL INCLUSION ACHIEVES SUSTAINABLE DEVELOPMENT AND ECONOMIC WELL-BEING Empty ADVISOR TO THE IRAQI PRIME MINISTER FOR FINANCIAL AFFAIRS: FINANCIAL INCLUSION ACHIEVES SUSTAINABLE DEVELOPMENT AND ECONOMIC WELL-BEING

Post by claud39 on Thu Feb 27, 2020 7:01 am

ADVISOR TO THE IRAQI PRIME MINISTER FOR FINANCIAL AFFAIRS: FINANCIAL INCLUSION ACHIEVES SUSTAINABLE DEVELOPMENT AND ECONOMIC WELL-BEING




24/02/2020





ADVISOR TO THE IRAQI PRIME MINISTER FOR FINANCIAL AFFAIRS: FINANCIAL INCLUSION ACHIEVES SUSTAINABLE DEVELOPMENT AND ECONOMIC WELL-BEING %D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%84%D9%84%D8%B4%D8%A4%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%8A%D8%AD%D9%82%D9%82-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D8%B1%D9%81%D8%A7%D9%87%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-1






[rtl]Dr. Mazhar Muhammad Salih, Advisor to the Iraqi Prime Minister for Financial Affairs, emphasized that international financial literature in recent years has devoted to new tools and concepts supporting sustainable development by reassessing the effectiveness of the financial system and demonstrating its ability to provide appropriate entry points for natural and moral persons in the business sector to achieve financial services with high efficiency In all its forms, whether they are banking products or the availability of capabilities to reach bank credit in a more permanent and less risky way.[/rtl]




[rtl]He explained that the world agreed to name those entries with financial inclusion, which he knew was known to be many opportunities and always of appropriate quality to obtain banking services, and with the World Bank initiative called 2020 in achieving financial inclusion ways for the world, the mentioned initiative of the World Bank was launched from a fundamental part that the account The banker for transactions and the most vulnerable societal segments is the focal point that enables policymakers and regulatory agencies in the world to reach their financing goals in achieving sustainable development, realizing at the same time that the seventeen goals of sustainable development have In its seventh pillar, it was based on emphasizing the importance of spreading and adopting the goal of "financial inclusion" for countries among these major development goals.[/rtl]




[rtl]He said «Iraq joined in recent years the International Covenant for Financial Inclusion, which since 2010 included more than 55 countries who launched their national strategy in financial inclusion and adopted the Iraqi Central Bank a strategy in digital financial inclusion at the present time[/rtl]




[rtl]He pointed out that tackling the aspects of poverty and partnership in economic and social welfare all require deep and structural financial reforms that do not come out of the strength, importance and durability of banking and financial innovations, which are all of the foundations and levers of financial inclusion inherent in the sustainability of development itself in achieving prosperity and human well-being.[/rtl]




[rtl]He said that the heavy and vague barriers imposed today by the gray or black markets and the general unorganized markets are still the obstacle to the regularity of economic growth and the prosperity of the economies of countries due to the failure of financing and high costs and the lack of institutional governance of market forces, which often puts additional costs and burdens on additional transactions when Maximizing the financing cycle for the real product.[/rtl]




[rtl]He pointed out that Iraq up to the date of resettlement of salaries or pensions and wages of the job machine and other retirees and recipients of social welfare benefits and the displaced (whose annual payments constitute more than 25 percent of the gross domestic product) as banking services remained low and covered only 12 percent of Adult population (i.e. 15 years old, up from 26 million adult Iraqis), and that percentage in Sweden, for example, reaches approximately 98 percent of the adult population. Nevertheless, Iraq has made significant progress in the financial inclusion index, and this percentage has really doubled Compared to previous years To reach financial services to 25 percent of those adults, especially after settling salaries and government payments and direct dealing with banks.[/rtl]




[rtl]The Central Bank of Iraq improved the credit registry system since the beginning of 2017 in preparation for launching its electronic or digital system for the intersection of credit information for borrowers and reducing credit risks to which the banking system is exposed, as its credit record has reached an increasing number since its launch last year, including hundreds of thousands of bank customers Those seeking bank loans and reaching cash credits and others.[/rtl]




[rtl]The Iraqi Prime Minister's advisor for financial affairs said that Iraq touched one of the fundamental points that the G20 pledged when adopting the high-level (technical) principles of digital financial inclusion: any financial inclusion in the current era of the fourth technological revolution. The said digital inclusion provides a competitive space that is the fastest in the development of competitive free markets and at the same time maximizes the financial innovations accompanying leadership in the development of the financing, production and sustainable development cycle together to reach the goals of prosperity in the year 2030.[/rtl]













[rtl]https://uabonline.org/%d9%85%d8%b3%d8%aa%d8%b4%d8%a7%d8%b1-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d9%88%d8%b2%d8%b1%d8%a7%d8%a1-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82%d9%8a-%d9%84%d9%84%d8%b4%d8%a4%d9%88%d9%86-%d8%a7%d9%84/
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claud39
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