Home
Central Bank supports the "niche" banks with loans of up to 5 trillion dinars
8/8/15
Baghdad-Iraq Press -8 August / August: fired the central bank, on Saturday, an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars. The central promise of this initiative "a good step for the recovery of the economic situation and liquidity and to avoid foreign loans."
The governor of the Central Bank on the Keywords during a seminar held by the Committee on Economy and Investment parliamentary under the auspices of the Iraqi National Business Council to discuss the CBI program and Ministry of Finance to finance specialized sectoral banks held in the Ishtar Sheraton Hotel in central Baghdad, said that "the Bank launched an important initiative by supporting the industrial and agricultural sector banks and real estate and housing fund loans amounting to five trillion dinars. "
Keywords and added, "These sectors support this amount is a good step for the recovery of the economic situation and the liquidity of those banks and to ensure no increase in unemployment," stressing that "this initiative is to avoid foreign loans."
Keywords noted, that "the initiative you need to activate the special government measures quickly to start pumping money," and expressed hope that "these actions do not take a long time."
The World Bank in (July 9, 2015) approved, a new project for Iraq aimed at the reconstruction and rehabilitation of infrastructure destroyed by conflict in the country and restoration of services in the government-controlled areas, and among the assistance program of $ 350 million, confirmed that the program is part of a larger program will be implemented over five years in the provinces of Salahuddin and Diyala.
The Parliamentary Finance Committee confirmed, in the April 30, 2015, they are passed to the government borrowing to fill the budget deficit and meet the necessary requirements under the state of war with "terrorism", and as pointed out that Iraq will receive a value of three billion and 400 million dollars of IMF loans and the World Bank.
The estimated funding sources in Article III of the budget bill for 2015 of $ 6,168,040,000 dinars, this amount is used to cover the budget deficit and repay domestic and foreign loans and domestic debt amortization payments, and amortization of Eurobonds, and extinguish religion's central bank bonds.
The International Monetary Fund forecast, on March 21st 2015, the high proportion of the budget deficit in 2015 to more than the proportion of 12% announced by the government, to "significantly higher levels", because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume budget, proposed the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly Gara.anthy end of the year (1)
[You must be registered and logged in to see this link.]
--
8/8/15
Baghdad-Iraq Press -8 August / August: fired the central bank, on Saturday, an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars. The central promise of this initiative "a good step for the recovery of the economic situation and liquidity and to avoid foreign loans."
The governor of the Central Bank on the Keywords during a seminar held by the Committee on Economy and Investment parliamentary under the auspices of the Iraqi National Business Council to discuss the CBI program and Ministry of Finance to finance specialized sectoral banks held in the Ishtar Sheraton Hotel in central Baghdad, said that "the Bank launched an important initiative by supporting the industrial and agricultural sector banks and real estate and housing fund loans amounting to five trillion dinars. "
Keywords and added, "These sectors support this amount is a good step for the recovery of the economic situation and the liquidity of those banks and to ensure no increase in unemployment," stressing that "this initiative is to avoid foreign loans."
Keywords noted, that "the initiative you need to activate the special government measures quickly to start pumping money," and expressed hope that "these actions do not take a long time."
The World Bank in (July 9, 2015) approved, a new project for Iraq aimed at the reconstruction and rehabilitation of infrastructure destroyed by conflict in the country and restoration of services in the government-controlled areas, and among the assistance program of $ 350 million, confirmed that the program is part of a larger program will be implemented over five years in the provinces of Salahuddin and Diyala.
The Parliamentary Finance Committee confirmed, in the April 30, 2015, they are passed to the government borrowing to fill the budget deficit and meet the necessary requirements under the state of war with "terrorism", and as pointed out that Iraq will receive a value of three billion and 400 million dollars of IMF loans and the World Bank.
The estimated funding sources in Article III of the budget bill for 2015 of $ 6,168,040,000 dinars, this amount is used to cover the budget deficit and repay domestic and foreign loans and domestic debt amortization payments, and amortization of Eurobonds, and extinguish religion's central bank bonds.
The International Monetary Fund forecast, on March 21st 2015, the high proportion of the budget deficit in 2015 to more than the proportion of 12% announced by the government, to "significantly higher levels", because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume budget, proposed the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly Gara.anthy end of the year (1)
[You must be registered and logged in to see this link.]
--
