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Central Bank: the success of the plan depends on funding local product protection
September 8, 2015
Baghdad
The Central Bank of Iraq, on Tuesday, that the success of the financing plan depends on several factors, the most important producer and consumer protection, stressing at the same time it can not remain a monopoly ministries for all economic activities.
He said the bank's governor Ali Ismail Keywords in a statement the agency of our economy news received a copy of it, that "financing program launched by the central bank for the advancement of the industrial and agricultural sectors as well as stimulate small and medium enterprises program total amounts of $ 6 trillion dinars success depends on the product and the consumer protection tariff and tariff laws, as well as to the extent of dumping a notable local market. "
Keywords and added that "other things is the control over the land and sea border crossing points, in which all sorts of manipulation and fraud and forgery as not to miss only a large proportion of the financial receipts for the Treasury exercised even cause damage to the national economy through the introduction of poor and lacks validity of goods."
Keywords and explained that "the Bank is fully aware that his program is to provide and facilitate funding for the initiatives of industrial and agricultural projects is a factor of the Renaissance factors sectors but there are other factors that are not as important as that which requires to make tireless efforts for the application of laws and regulations related efforts."
He continued that "the government must also activate the program in support of the private sector and improve the working environment and raise obstacles and red tape and corruption, which also involve the private sector in the formulation of plans and policies."
And between relationships that "can not remain a monopoly ministries for all economic activities," noting that "everyone agrees that the shift to the private sector is the way for the advancement of economic reality and the diversification of the productive base of the country and reduce the phenomenon of unemployment."
The central bank announced yesterday a plan for funding the foundation, which aims primarily to alleviate the economic crisis on the domestic market.
The central bank yesterday called on citizens loans covered by the six trillion dinars from the owners of small and medium enterprises with productivity and disciplines to review the banks to finance their projects.
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September 8, 2015
Baghdad
The Central Bank of Iraq, on Tuesday, that the success of the financing plan depends on several factors, the most important producer and consumer protection, stressing at the same time it can not remain a monopoly ministries for all economic activities.
He said the bank's governor Ali Ismail Keywords in a statement the agency of our economy news received a copy of it, that "financing program launched by the central bank for the advancement of the industrial and agricultural sectors as well as stimulate small and medium enterprises program total amounts of $ 6 trillion dinars success depends on the product and the consumer protection tariff and tariff laws, as well as to the extent of dumping a notable local market. "
Keywords and added that "other things is the control over the land and sea border crossing points, in which all sorts of manipulation and fraud and forgery as not to miss only a large proportion of the financial receipts for the Treasury exercised even cause damage to the national economy through the introduction of poor and lacks validity of goods."
Keywords and explained that "the Bank is fully aware that his program is to provide and facilitate funding for the initiatives of industrial and agricultural projects is a factor of the Renaissance factors sectors but there are other factors that are not as important as that which requires to make tireless efforts for the application of laws and regulations related efforts."
He continued that "the government must also activate the program in support of the private sector and improve the working environment and raise obstacles and red tape and corruption, which also involve the private sector in the formulation of plans and policies."
And between relationships that "can not remain a monopoly ministries for all economic activities," noting that "everyone agrees that the shift to the private sector is the way for the advancement of economic reality and the diversification of the productive base of the country and reduce the phenomenon of unemployment."
The central bank announced yesterday a plan for funding the foundation, which aims primarily to alleviate the economic crisis on the domestic market.
The central bank yesterday called on citizens loans covered by the six trillion dinars from the owners of small and medium enterprises with productivity and disciplines to review the banks to finance their projects.
[You must be registered and logged in to see this link.]
