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Keywords announce the launch of loans to 5 trillion dinars for the three banks
8/8/15
BAGHDAD / ... said Governor of the Central Bank of Iraq and the Agency on the Keywords, Saturday, firing loans to 5 trillion dinars to the banks, "industrial" and "agricultural" and "real estate," noting that the loans will launch banks are dollar-term bonds and could banks buy them at a reduced price.
Said in a speech at a conference to grant loans to the three banks, which was held under the auspices of the National Business Council of Iraq, that "the central bank is ready for some time to launch these amounts, I see that do not take these initiatives too long to invest the money to projects, and we hope that this initiative achieve the aspirations of the country. "
He stressed Keywords, central bank is prepared to continue lending to banks and micro-finance, to ease the financial crisis and spare the country's external borrowing, noting that "microfinance is active fundamental and important and to achieve a high proportion of gross domestic product and perhaps the first in the forefront of all sectors."
He continued: "We are confident that this will be the start of an important and significant," adding that he will be fired by loans in dollars-term bonds are sold at a reduced price.
The central bank promised to serve as a sensor of the Iraqi economy sees through all the activities of money transfer and sale of foreign currency, he expressed the readiness of the bank to add the amount of five trillion dinars bonds and national banks in the future in the event of depletion of the $ 5 trillion dinars in the industrial, real estate and agricultural projects.
For his part, Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani confirmed that Iraq did not achieve any worthy completion of important projects in the past ten years plan, stressing the need to go to the industry.
He said during a speech at the conference, "The government has constructive ideas to secure food, including sugar, oils, which succeeded the former, as Iraq has spent billions of dollars to buy these items from abroad," adding that Iraq, the country's leading food industry and construction materials, is now importing materials Basic food from abroad.
The central bank promised initiative, of economic initiatives that will move the labor market and achieve part of economic activity, including the housing sector for the benefit of all Iraqis.
He Bolani as saying that many Iraqis are waiting for the housing fund loans to provide adequate housing, and this initiative will contribute to facilitating access to adequate housing.
For his part, Minister of Industry Mohammed Darraji, it's not the fault of the employee that his company be parked for production, Â saying that the problem is not serious presence in the national industry support and the proof is that 57 percent of oil imports go out of the country.
He said in a speech at the conference, that the problem lies in poor planning and management of the country's import file, noting that Iraq imported goods by 57% of oil imports during the past eight years is equivalent to 221.6 billion dollars.
He continued: "If the Iraqi industry was developed to properly blocked part of these imports, though requiring all ministries to buy what you need from the Ministry of Industry, we could fill a need 25% of the imported goods."
He called Darraji the public sector and the private sector to cooperate and invest these loans projects serve the country, and called on the government to secure the salaries of all associates in the Ministry of Industry.
He noted that the Ministry of Industry has taken steps to reform administrative integration of the most important public Aladarah companies from 73 companies to 37 public company, and there are procedures and other administrative reforms, the results will appear on the reality in the near future.
The central bank announced earlier for a conference to announce the launch of 5 trillion dinars in loans to banks, "industrial" and "agricultural" and "real estate".
The conference was attended by Deputy Prime Minister Ruz Nuri Shaways and finance ministers, agriculture, Construction and Housing and members of the Finance Committees and the economy Alniabaten ".anthy 1
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8/8/15
BAGHDAD / ... said Governor of the Central Bank of Iraq and the Agency on the Keywords, Saturday, firing loans to 5 trillion dinars to the banks, "industrial" and "agricultural" and "real estate," noting that the loans will launch banks are dollar-term bonds and could banks buy them at a reduced price.
Said in a speech at a conference to grant loans to the three banks, which was held under the auspices of the National Business Council of Iraq, that "the central bank is ready for some time to launch these amounts, I see that do not take these initiatives too long to invest the money to projects, and we hope that this initiative achieve the aspirations of the country. "
He stressed Keywords, central bank is prepared to continue lending to banks and micro-finance, to ease the financial crisis and spare the country's external borrowing, noting that "microfinance is active fundamental and important and to achieve a high proportion of gross domestic product and perhaps the first in the forefront of all sectors."
He continued: "We are confident that this will be the start of an important and significant," adding that he will be fired by loans in dollars-term bonds are sold at a reduced price.
The central bank promised to serve as a sensor of the Iraqi economy sees through all the activities of money transfer and sale of foreign currency, he expressed the readiness of the bank to add the amount of five trillion dinars bonds and national banks in the future in the event of depletion of the $ 5 trillion dinars in the industrial, real estate and agricultural projects.
For his part, Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani confirmed that Iraq did not achieve any worthy completion of important projects in the past ten years plan, stressing the need to go to the industry.
He said during a speech at the conference, "The government has constructive ideas to secure food, including sugar, oils, which succeeded the former, as Iraq has spent billions of dollars to buy these items from abroad," adding that Iraq, the country's leading food industry and construction materials, is now importing materials Basic food from abroad.
The central bank promised initiative, of economic initiatives that will move the labor market and achieve part of economic activity, including the housing sector for the benefit of all Iraqis.
He Bolani as saying that many Iraqis are waiting for the housing fund loans to provide adequate housing, and this initiative will contribute to facilitating access to adequate housing.
For his part, Minister of Industry Mohammed Darraji, it's not the fault of the employee that his company be parked for production, Â saying that the problem is not serious presence in the national industry support and the proof is that 57 percent of oil imports go out of the country.
He said in a speech at the conference, that the problem lies in poor planning and management of the country's import file, noting that Iraq imported goods by 57% of oil imports during the past eight years is equivalent to 221.6 billion dollars.
He continued: "If the Iraqi industry was developed to properly blocked part of these imports, though requiring all ministries to buy what you need from the Ministry of Industry, we could fill a need 25% of the imported goods."
He called Darraji the public sector and the private sector to cooperate and invest these loans projects serve the country, and called on the government to secure the salaries of all associates in the Ministry of Industry.
He noted that the Ministry of Industry has taken steps to reform administrative integration of the most important public Aladarah companies from 73 companies to 37 public company, and there are procedures and other administrative reforms, the results will appear on the reality in the near future.
The central bank announced earlier for a conference to announce the launch of 5 trillion dinars in loans to banks, "industrial" and "agricultural" and "real estate".
The conference was attended by Deputy Prime Minister Ruz Nuri Shaways and finance ministers, agriculture, Construction and Housing and members of the Finance Committees and the economy Alniabaten ".anthy 1
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