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Abadi adviser denies wait to launch specialized banks loans and announce Eshchel committees to monitor
Sat Sep 05 2015 15:54
(Voice of Iraq) - Baghdad denied the prime minister for economic affairs adviser appearance of Mohammed Saleh, on Saturday, reports that lingered government launched a lending program which is funded by the Iraqi Central Bank in the amount of five trillion dinars for the sectors of industry, agriculture, housing, The detection of the formation of committees to study and monitor the projects submitted. He said the appearance of Mohammed Saleh said that "the Iraqi government is serious about the development of the economy and support projects that help the Iraqi citizen and provide him with well-off," noting that "the government is working to create an atmosphere in order to put the five amount trillion dinars submitted by by the Iraqi Central Bank the status of the right. "He denied the benefit," the rumors in some media about linger launch of this amount, "stressing" the government's determination to proceed with the implementation of projects and the achievement of the woods required beyond those amounts. "Saleh revealed, for" forming committee to follow up the projects submitted by sectoral banks, which have been allocated amount, "pointing out that" the Committee's mission is to study the projects submitted by those banks that serve the real beneficiary a citizen. " The crisis cell it approved, in (24 August 2015), the lending program funded by the Central Bank of Iraq in the amount of five trillion dinars for the sectors of industry, agriculture and housing, as instructed Prime Minister Haider al-Abadi to proceed immediately the necessary measures. The central bank announced, in (8 August 2015), the launch of an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars, with the exception of the initiative "a good step" for the recovery of the economic situation and liquidity, confirmed they come to avoid foreign loans. He was an economic advisor to the prime minister count, on Monday, that the fall in world oil prices to around $ forty is a matter of "great concern" for Iraq, and in the while between the treatment that should be done by pressing the spending and borrowing for the establishment of productive projects, stressed the need for support and the assignment of the private sector through legal regulations and procedures to facilitate transactions. The press reports that, US crude fell below $ 40 a barrel for the first time since the financial crisis in 2009, after reaching nearly $ 120 summer of 2014 the past. The International Monetary Fund forecast, in (21 March 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 the budget, proposed the implementation of the reform measures strict include austere in investment projects, and a commitment to reducing expenses, and to review the maximum limits for sales of the Central Bank of currency, referring to the overall growth contraction, and the possibility of inflation rising slightly the end of this year. Add Comment
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Sat Sep 05 2015 15:54
(Voice of Iraq) - Baghdad denied the prime minister for economic affairs adviser appearance of Mohammed Saleh, on Saturday, reports that lingered government launched a lending program which is funded by the Iraqi Central Bank in the amount of five trillion dinars for the sectors of industry, agriculture, housing, The detection of the formation of committees to study and monitor the projects submitted. He said the appearance of Mohammed Saleh said that "the Iraqi government is serious about the development of the economy and support projects that help the Iraqi citizen and provide him with well-off," noting that "the government is working to create an atmosphere in order to put the five amount trillion dinars submitted by by the Iraqi Central Bank the status of the right. "He denied the benefit," the rumors in some media about linger launch of this amount, "stressing" the government's determination to proceed with the implementation of projects and the achievement of the woods required beyond those amounts. "Saleh revealed, for" forming committee to follow up the projects submitted by sectoral banks, which have been allocated amount, "pointing out that" the Committee's mission is to study the projects submitted by those banks that serve the real beneficiary a citizen. " The crisis cell it approved, in (24 August 2015), the lending program funded by the Central Bank of Iraq in the amount of five trillion dinars for the sectors of industry, agriculture and housing, as instructed Prime Minister Haider al-Abadi to proceed immediately the necessary measures. The central bank announced, in (8 August 2015), the launch of an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars, with the exception of the initiative "a good step" for the recovery of the economic situation and liquidity, confirmed they come to avoid foreign loans. He was an economic advisor to the prime minister count, on Monday, that the fall in world oil prices to around $ forty is a matter of "great concern" for Iraq, and in the while between the treatment that should be done by pressing the spending and borrowing for the establishment of productive projects, stressed the need for support and the assignment of the private sector through legal regulations and procedures to facilitate transactions. The press reports that, US crude fell below $ 40 a barrel for the first time since the financial crisis in 2009, after reaching nearly $ 120 summer of 2014 the past. The International Monetary Fund forecast, in (21 March 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 the budget, proposed the implementation of the reform measures strict include austere in investment projects, and a commitment to reducing expenses, and to review the maximum limits for sales of the Central Bank of currency, referring to the overall growth contraction, and the possibility of inflation rising slightly the end of this year. Add Comment
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