2-18-11 President of the advisers in the Council of Ministers and Deputy U.S. Treasury discuss ways to develop the banking sector and economic in Iraq

Highlights/Thoughts
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1. A number of Iraqi government experts and advisors and the Deputy US Treasury Department are engaged in a joint technical cooperation in the field of economics, money and energy
2. The head of the advisers to the Iraqi government said they are focused on the financial and banking sector as well as strengthening the role of private banks which are highly necessary in the current stage and the next stages, which will see more of the construction projects
3. He said the priorities of the government's work is directed towards the provisions of basic services to citizens and the development of the Iraqi economy in terms of diversifying its sources of non-oil revenue, particularly through the promotion of foreign investment and the Arab and local community
4. He said the government is moving forward in the process of transition towards a market economy that will include an agricultural and private sector, and pointed to the implementation of programs directed towards the reform of public companies that are state owned
5. The US Deputy Secretary gave his thanks and appreciation to the advisory board and expressed his authorities in the banking and specialized financial sector in the US will provide expertise to support and assist Iraq's banking and financial sector
6. The US will provide training programs, capacity development, give advice in addition to sending experts and specialist to Iraq when necessary

This is really good stuff!