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Parliamentary investment: five trillion dinars will be distributed as loans to citizens (report)
02/11/2015 10:00
Baghdad - INA / announced to the parliamentary Committee of Economy and Investment, about five trillion dinars allocated for distribution in the form of loans to citizens distributed on the housing and industrial and agricultural bank fund, as pointed out that banks will take rollover rate of 4% for each loan.
Says committee member Abdul-Salam al-Maliki said in a statement for "the Iraqi News Agency," "The committee oversight role to monitor the funds launched by the central bank loans to be distributed to citizens is my book issued by the Council of Ministers to monitor those loans."
He added that "there are mechanisms work in such loans and that the funds do not give a hand, but is given by descent for projects contagious for this purpose," pointing out that "the committees on the existing claimed form a higher committee other relay granting loans so that there not be the waste of operations for money or corruption, both in banks or the relevant committees. "
And the deputy al-Maliki said "the subject of launch loans of important topics and leave impressions on the Iraqi arena is an opportunity not to be realized, however, it has become a non-Iraqi investors", adding that "the launch of the loans process will be launched next month or the beginning of the new year."
He said the investment committee member of the parliamentary "mechanisms have been completed to launch the loans and the central bank will launch a money banks concerned the middle of this month and then the committees, regardless of money and loans to the beneficiaries, according to the legal mechanisms used in the institutions."
Maliki reiterated that "the Committee on the loan distribution and follow-up The prime minister and the General Secretariat of the Council of Ministers and the Central Bank and Financial Committee and Omash parliamentary economy and investment."
For its part; considered the Investment Committee member of the parliamentary Najiba Najib launch support loans and provide job opportunities for local production.
She said Najib told the "Iraqi News Agency," "The central bank will launch a five trillion dinars distributed on the housing and banking industrial and agricultural fund Tozeiha citizens in the form of loans," pointing out that "the government has agreed to form a committee to follow up the loans granted to citizens in anticipation of the presence of corruption or favoritism or its staff as the mechanism by which the distribution of loans. "
Najib pointed out that "the approval of the firing mechanism of the loans and currently initiated the stage of granting investment and open electronic forms", noting that "the mechanism to apply for a project to be on the road to the website."
She Najib said the "five trillion spread over a trillion and 600 billion for an industrial bank trillion and 600 billion for an industrial bank trillion and 800 billion dinars Housing Fund", adding that "the central bank will take 2% of the amounts conferred banks and the latter will take 4% of the conferred loans to citizens at no more than the period of per loan five
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