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Intensive training courses for the implementation of the lending mechanisms
10/14/2015 0:00
BAGHDAD - morning
is the empowerment of human resources of the business is an urgent need to accomplish what entrusted to it within its competence, particularly in the field of development, which is desired by the country and achieve economic viability in the productive and service sectors. Managing Director of the Iraqi Company for Bank Guarantees Roly-Saleh said that the current phase, which seeks to complete most of the preparations to start lending the stage of small and medium enterprises through the Central Bank of Iraq allocations amounting Trliuna and a half trillion dinars, the company is preparing to organize specialized courses on lending to the staff of government and private banks to create specialists in this area a high degree of experience and dealing in the granting of loans to the real beneficiary who can set up the project and is capable of repayment of imports of the project. He noted that the instructions issued by the Central Bank on these customizations provide adequate protection of public money, and the banks that adopt the lending process these amounts will be paid to the Central after three months in accordance with the schedule set by the process instructions issued in this regard. She noted that some banks began to receive loan applications and has been studied thoroughly in preparation for the start of actual lending phase, which aims to production and development of services and address the economic problems affecting the country, but how to apply mechanisms collide. Saleh demanded clarification over the instructions of lending issued by the Central Bank of Iraq to push back some of the banks on the state of fear date quickly as a result of lending process adoption, pointing to successful experiences do and contribute to the success of this experiment and reach out to the set goals.
She pointed out the need to be adopted able projects to repay the loan amount of imports for these projects, pointing out that the project, which achieve good financial imports contribute to the national economy through qualitative product that maintains a turnover inside Iraq and dispensing of imported goods and contributes to support the family economy provides, especially that such projects It provides a number of jobs and any expansion by the absorption of a number of the unemployed means.
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