Documents .. get our economy on the project and the Ministry of Planning to pay off state debt to contractors and to provide liquidity and solving the problem of letters of guarantee

Documents .. get our economy on the project and the Ministry of Planning to pay off state debt to contractors and to provide liquidity and solving the problem of letters of guarantee



August 16, 2015



Obtained by our economy news and documents of the Ministry of Planning Plan reveal to pay local contractors debt and solving the problem of letters of guarantee and provide financial liquidity, as the government seeks to ensure the contractors' rights by issuing guaranteed by the Ministry of Finance instruments and the possibility deducted the civil and government banks and then play these banks to re-discount These instruments with the Central Bank of Iraq to ensure the provision of liquidity at all sides and then the implementation of projects according to specific time periods and in case of delay implementation of the project are calculated on the money granted benefits according to Alnzb specified by the banks.

With regard to the letters of guarantee and the Ministry of Planning has developed a program that includes the withdrawal of speeches against the written commitments provided by certified contractors of the notary includes remodeling project cover letter ensure proper implementation of the resumption of work.

The letters Within the program the ministry will be in front of their owners a lot of good first re depends letter of guarantee after the re-advance, or what is left of either the second depends keeping with the letter of guarantee full Altazamth.

It also included the Ministry of Planning plan several measures aimed at facilitating the debt owed ​​by the state settlement and restart the investment process of the ministry wheel and wait for the Council of Ministers to work out authentication




[You must be registered and logged in to see this link.]

Obtained by our economy news and documents of the Ministry of Planning Plan reveal to pay local contractors debt and solving the problem of letters of guarantee and provide financial liquidity, as the government seeks to ensure the contractors' rights by issuing guaranteed by the Ministry of Finance instruments and the possibility deducted the civil and government banks and then play these banks to re-discount These instruments with the Central Bank of Iraq to ensure the provision of liquidity at all sides and then the implementation of projects according to specific time periods and in case of delay implementation of the project are calculated on the money granted benefits according to Alnzb specified by the banks.