The role of financial institutions, banking and private sector insurance in supporting and financing economic and investment projects to achieve development was the focus of talks at the Banking, Finance and Insurance Forum held by the Ministry of Finance in the auditorium of Conferences Palace in Damascus.
The event, organized by Nizam Company for Exhibitions and Conferences, aims at figuring out solutions to finance medium and large scale projects by improving investment environments and developing the means for money transfers.
A number of participating businessmen and investors called for the financing and refinancing of profitable development projects, which contribute to the enhancement of national product.
The Minister of Finance, Mamoun Hamdan, said that the government is considering the reactivation of all kinds of loans and facilitations, to keep pace with development requirements, highlighting the significance of private and public insurance corporations during the next stage.
For his part, the Governor of the Central Bank of Syria, Hazem Qarfoul, noted that the bank’s strategy is based on three main pillars: confidence, partnership and commitment, underlining the efforts exerted to overcome obstacles in the banking industry and further enhance partnerships with the private sector that serve the national economy.
Mohammed Ghassan al-Qalaa indicated that the Forum sheds light on investment and funding issues for the recovery stage with a focus laid on fast-paced projects that push the wheel of development forward.
This article was edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.