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Experts: 5-trillion need to be unified database
5/10/2015 0:00
BAGHDAD - Hussein al-Tamimi Tgb
debate raged about loans the 5 trillion dinars allocated for banks specialized and mechanisms directed properly, including works on agricultural and industrial production development and address the problem of housing, experts described the historic opportunity to achieve economic development and investment do production inevitably.
Ibrahim al-Baghdadi, head of the development center Investment Iraqi reconstruction praised in a speech opening the proceedings of the symposium on the central bank's initiative to allocate 5 trillion, and the promise of a historic initiative to support private sector efforts, pointing out that the symposium relevant institutions gathered to identify the most important challenges facing this initiative.
The student d. Haitham al-Jubouri, a member of the House of Representatives of the Central Bank that is certified mechanics court up money to target the real, indicating that the projects will be subject to the supervision of specialized agencies, unions and ministries.
Jubouri urged to reduce rings routine for the granting of loans and that there be a high transparency to ask the mechanics of grant money, noting that calendar control need to direct loans direction that serves the development, referring to the formation of a parliamentary committee Brasth to follow up on lending and Ansabih directed loans.
He pointed to the importance of recycling repayments by borrowers and lend according to certain controls and expansion cycle of capital within the country, pointing to the need to be proportional to the amount of credit documentary that opens for the purchase of a production line with the real value of the loan, the central demanding to reduce interest rates on the housing sector.
The d. On the Keywords Governor of the Central Bank he has pointed out that the spending policies over the past years did not reflect the productive sectors, indicating that imports of the country have become related to the simplest things that you need local markets.
He expressed support for the idea of simplification of procedures in coordination with the sectoral authorities, urging the deployment of loans instructions in a transparent manner in front of everyone called everyone.
While Dr. The appearance of Mohammed Saleh adviser to Prime Minister: The loans are significant funding stir several joints of the operation and the transfer of technology and bring imports program, calling on all those involved in this program to operate under a single database showing all borrowers and the direction of the loans, pointing to the need to preserve the funding path and do not let career off, and keep speculators from these loans, stressing that the loans can be a factor encouraging the industrial sector.
The President of the Federation farm associations Hassan al-Tamimi pointed out that a large agricultural sector and hope for the best from the disciplines of the Central Bank of Iraq aimed at activating the agricultural production of it, and ask for the post-stage Lending Will contribute to the process of activating production in the light of dumping commodity? Calling on the concerned authorities to address the price difference between the wholesale offices and markets single and earned the peasant form where three times the profits obtained by the farmer, pointing to the need for serious discussion about the mechanics of court for the development of agricultural and industrial sectors.
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