Establishment of high profitable investment projects discussed in Forum

Damascus, SANA- The role of financial institutions, banking and insurance private sector 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 at 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 through improving suitable investment environment and developing means of money transfers. A number of participating businessmen and investors called for financing and refinancing major high profitable development projects which contribute to the enhancement of national product. Minister of Finance, Mamoun Hamdan, said that the government is considering the reactivation of all kinds of loans and facilitations within its priorities to keep pace with development requirements, highlighting the significance of private and public insurance corporations in the next stage. For his part, 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 banking industry and further enhance partnership with private sector serving the national economy. Mohammed Ghassan al-Qalaa indicated that the Forum sheds light on investment and funding issues in the recovery stage with focus laid on fast-paced projects that contribute to push forward the wheel of development.