Home
$ 5 billion to stimulate domestic production
2/23/2015 0:00
BAGHDAD
in a move aimed at continuity of the development process in the country, and to support the productive sectors, the central bank suggested lend $ 5 billion (more than 6 trillion dinars) and specialized industrial, agricultural and housing to commercial banks.
The launch of this proposal during the events, "the launch of the government initiative Conference to support the private sector, "in an attempt Central approaching from the private sector and strengthening the relationship between the government and the banking sector Ahli, for the financing of small and medium-sized production projects.
oil reserves
and in this regard occur "morning" economic expert on behalf of Antoine vice president of Baghdad Economic Forum through observations of the conference, believing The central serious in taking these important steps, according to the above by Bank Governor Dr. Ali Keywords during the conference.
He Antoine that the central bank, according to its own law does not lend financial amounts, except under special circumstances, who shall use a portion of the cash reserves to support the development processes, Therefore, this amount is dedicated to these operations, by giving him the productive sectors for the continuity of the wheel of development and economic diversification.
"The central bank does not deal with the citizens directly, Fimnhaa banks to certain conditions and at a specific interest, in turn, be banks are guarantors to give credit to the owners of the productive sectors Industrial sectors such as within the industrial initiative for the advancement of the private industrial sector and repair of industrial projects in the country, along with the agricultural sector which needs to be soft loans to promote
it and achieve self-sufficiency and food security of the citizen as well as other Calceahi sectors. "
He stressed that this loan targets and basic operation of the productive sectors Service and therefore run a large number of the workforce and the absorption of unemployment in the community and be a positive process achieve the desired goals, in addition to enrichment for imports random entering the country without controls and regulations that protect the domestic product, as well as rare internal currency saving and work to reduce the rates of poverty in the community.
He believed Antoine The private sector is a big pot to absorb a lot of work is produced in the state departments powers and alleviate the
burden on the government in the provision of government jobs and fatigue general budget annually amounts extra.
the development process
either by the Central initiative to grant the loan for the banks involved in the development process, Vnoh Vice Chairman of the Forum as a
line with the government's program of economic reform, which stressed the advancement of sectors production and service.
What needs to be ways and means to be added to the cash granted amounts, so it has to be to provide ways and means to create a business environment in the state agencies and legislation and implementation of laws in this aspect to overcome the red tape and bureaucracy to achieve the desired goals and achieve what stipulated by the Constitution in the transition to a free market economy.
According to Antoine van this loan does not affect the cash reserve at
the central bank to provide assurances by government banks or civil
to central, as it will be used in the development process is beneficial to all parties.
It should be noted that the head Minister Haider al-Abadi, had announced on 12 February will launch a strategy for the development of the private sector within the government curriculum and within the strategy of economic reform to diversify the sources of the Iraqi economy and reduce dependence on oil as a resource and a single.
[You must be registered and logged in to see this link.]
2/23/2015 0:00
BAGHDAD
in a move aimed at continuity of the development process in the country, and to support the productive sectors, the central bank suggested lend $ 5 billion (more than 6 trillion dinars) and specialized industrial, agricultural and housing to commercial banks.
The launch of this proposal during the events, "the launch of the government initiative Conference to support the private sector, "in an attempt Central approaching from the private sector and strengthening the relationship between the government and the banking sector Ahli, for the financing of small and medium-sized production projects.
oil reserves
and in this regard occur "morning" economic expert on behalf of Antoine vice president of Baghdad Economic Forum through observations of the conference, believing The central serious in taking these important steps, according to the above by Bank Governor Dr. Ali Keywords during the conference.
He Antoine that the central bank, according to its own law does not lend financial amounts, except under special circumstances, who shall use a portion of the cash reserves to support the development processes, Therefore, this amount is dedicated to these operations, by giving him the productive sectors for the continuity of the wheel of development and economic diversification.
"The central bank does not deal with the citizens directly, Fimnhaa banks to certain conditions and at a specific interest, in turn, be banks are guarantors to give credit to the owners of the productive sectors Industrial sectors such as within the industrial initiative for the advancement of the private industrial sector and repair of industrial projects in the country, along with the agricultural sector which needs to be soft loans to promote
it and achieve self-sufficiency and food security of the citizen as well as other Calceahi sectors. "
He stressed that this loan targets and basic operation of the productive sectors Service and therefore run a large number of the workforce and the absorption of unemployment in the community and be a positive process achieve the desired goals, in addition to enrichment for imports random entering the country without controls and regulations that protect the domestic product, as well as rare internal currency saving and work to reduce the rates of poverty in the community.
He believed Antoine The private sector is a big pot to absorb a lot of work is produced in the state departments powers and alleviate the
burden on the government in the provision of government jobs and fatigue general budget annually amounts extra.
the development process
either by the Central initiative to grant the loan for the banks involved in the development process, Vnoh Vice Chairman of the Forum as a
line with the government's program of economic reform, which stressed the advancement of sectors production and service.
What needs to be ways and means to be added to the cash granted amounts, so it has to be to provide ways and means to create a business environment in the state agencies and legislation and implementation of laws in this aspect to overcome the red tape and bureaucracy to achieve the desired goals and achieve what stipulated by the Constitution in the transition to a free market economy.
According to Antoine van this loan does not affect the cash reserve at
the central bank to provide assurances by government banks or civil
to central, as it will be used in the development process is beneficial to all parties.
It should be noted that the head Minister Haider al-Abadi, had announced on 12 February will launch a strategy for the development of the private sector within the government curriculum and within the strategy of economic reform to diversify the sources of the Iraqi economy and reduce dependence on oil as a resource and a single.
[You must be registered and logged in to see this link.]
