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Economic Commission raise the amounts of documentary credits in private banks
Independent) .. Committee on Economic Affairs in the Council of Ministers has decided to raise the ceiling on the amounts of documentary credits (4) four million dollars to ten (10) million dollars, which opens by private banks.
The Committee considered at its fourth meeting, which was held under the chairmanship of Deputy Prime Minister for example, has typically Nuri Shaways Economic Committee that the support of private banks is the gateway to support the Iraqi private sector.
The Committee considered its own agenda and discussed the current economic situation and the need to develop appropriate plans to address the economic challenges for the advancement and economic reality service for the Iraqi people.
They also decided to bring the Ministry of Finance to exempt the benefits of the loans granted to the industrialists as the Economic Commission considers that support industrial segment will contribute to boost the economy in the process and the application of the principle of partnership and contribute to building the country.
And agree on the orders of parts for the project intersection Batha on Highway No. (1) for this project because of the importance of the smooth flow of traffic and reduce accidents.
The Commission has also taken many of the economic and financial decisions that will boost the economy, investment and development forward for the service of the public interest ..
Meeting Hoshyar Zebari, Minister of Finance and Adel Abdul-Mahdi, and the oil minister and Mlas attended Mohammed Abdul Karim, Minister of Trade and Naseer Kazem Minister of Industry and Minerals, and Sami al-Araji, head of the National Authority for Investment and Obeid replace Deputy Secretary General of the Council of Ministers and Osman Salman Aboudi, head of the legal department in the Prime Minister's Office.
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