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A bill to re-activate the program of soft loans
11.06.2011
Mohammad Karim
Plans to the Finance Committee in the Iraqi Council of Representatives meetings with the resumption of Parliament after the end of the holiday on Sunday to introduce a bill to allocate 20% of the money be generated from the high price of crude oil on behalf of the Ministry of Labour and Social Affairs.
The Rapporteur of the Committee of Finance Magda Abdel-Latif, in her statement to Radio Free Iraq that the goal of this project is to re-activate the program of soft loans to establish small enterprises, after he was stopped for more than a year due to lack of funding
She explained that this draft law, which the Finance Committee plans to keep him going over the next four years is "an attempt to ease the unemployment problem which device is no longer able to absorb the government by creating jobs for the unemployed in the private sector"
It also stressed Magda Abdel-Latif, the Finance Committee will ask the Ministry of Labor to "make the mechanics of concessional loans to eligible applicants more flexibility than it is now, with careful selection of projects of economic feasibility and the intensification of follow-up to retrieve the amounts of such loans in order to avoid additional waste of public money and an investigation of the possibility of greater use number of unemployed from them. "
And cautiously welcomed among Iraqi economic announcement of the Finance Committee of the draft law the above-mentioned, as he asked the economist Abbas Ghalibi on how to optimize the objective basis for the re-activation of the project soft loans to absorb the problem of unemployment by income-generating projects within the private sector, at the time still when this sector is suffering Since the years of stagnation and neglect, economic policies are not clear of the State "
The expert believes the economic as Abdul Hadi said the prevailing culture among the segment of the unemployed and of the lack of desire or just thinking about the establishment of special projects, income-generating activities and focus on the search for a job in the public sector may have kept soft loans to Iraq, economic viability on the exact opposite of what made experiences at the global level of positive results.
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11.06.2011
Mohammad Karim
Plans to the Finance Committee in the Iraqi Council of Representatives meetings with the resumption of Parliament after the end of the holiday on Sunday to introduce a bill to allocate 20% of the money be generated from the high price of crude oil on behalf of the Ministry of Labour and Social Affairs.
The Rapporteur of the Committee of Finance Magda Abdel-Latif, in her statement to Radio Free Iraq that the goal of this project is to re-activate the program of soft loans to establish small enterprises, after he was stopped for more than a year due to lack of funding
She explained that this draft law, which the Finance Committee plans to keep him going over the next four years is "an attempt to ease the unemployment problem which device is no longer able to absorb the government by creating jobs for the unemployed in the private sector"
It also stressed Magda Abdel-Latif, the Finance Committee will ask the Ministry of Labor to "make the mechanics of concessional loans to eligible applicants more flexibility than it is now, with careful selection of projects of economic feasibility and the intensification of follow-up to retrieve the amounts of such loans in order to avoid additional waste of public money and an investigation of the possibility of greater use number of unemployed from them. "
And cautiously welcomed among Iraqi economic announcement of the Finance Committee of the draft law the above-mentioned, as he asked the economist Abbas Ghalibi on how to optimize the objective basis for the re-activation of the project soft loans to absorb the problem of unemployment by income-generating projects within the private sector, at the time still when this sector is suffering Since the years of stagnation and neglect, economic policies are not clear of the State "
The expert believes the economic as Abdul Hadi said the prevailing culture among the segment of the unemployed and of the lack of desire or just thinking about the establishment of special projects, income-generating activities and focus on the search for a job in the public sector may have kept soft loans to Iraq, economic viability on the exact opposite of what made experiences at the global level of positive results.
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