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Industry examines the role of the Industrial Bank to overcome the obstacles faced by the industrial sector
31/01/2012 pm - 11:00 am | Hits: 10
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Discussed and the Ministry of Industry and Minerals Industrial Bank's role in overcoming problems and constraints faced by the industrial sector, especially after the mixed find soft loan approved by the Economic Committee of the Council of Ministers by more than / 3 / years.
A statement of the ministry today, "said Undersecretary for Development Affairs and Investment Adel Karim said during his meeting with bank manager, the challenges facing the Iraqi industry at the moment, especially in light of economic openness and intense competition in local markets and the practice of some countries, the policy of dumping into the Iraqi market and the delayed implementation of protection laws local products. "
The statement added that the meeting touched on the problems that impede the flow of funding, including the high interest rate and length of time required by the assessment process guarantees which made industrial spending is not commensurate with the needs of the country to the reconstruction of existing plants or establish new projects.
He stressed cream, according to the statement, the need to unite and promote cooperation between the Ministry and the Bank and the strengthening of relations with industrial companies to meet those challenges and work together to overcome them, calling out that the bank is in line with the plan of the Ministry of Industry in the reconstruction of the companies affiliated to it and projects that are being implemented for the benefit of institutions state in addition to the participation and investment projects, because the bank was founded originally specialized to achieve the goals of the ministry.
For his part, expressed the Director General of Industrial Bank prepared the bank to facilitate funding to renew the production lines and the provision of operational benefits to cover expenses and give profits to shareholders in the deposits of the bank, since these benefits are still considered high and outside the scope of the possibility of industrial companies. / End 2
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31/01/2012 pm - 11:00 am | Hits: 10
________________________________________
Discussed and the Ministry of Industry and Minerals Industrial Bank's role in overcoming problems and constraints faced by the industrial sector, especially after the mixed find soft loan approved by the Economic Committee of the Council of Ministers by more than / 3 / years.
A statement of the ministry today, "said Undersecretary for Development Affairs and Investment Adel Karim said during his meeting with bank manager, the challenges facing the Iraqi industry at the moment, especially in light of economic openness and intense competition in local markets and the practice of some countries, the policy of dumping into the Iraqi market and the delayed implementation of protection laws local products. "
The statement added that the meeting touched on the problems that impede the flow of funding, including the high interest rate and length of time required by the assessment process guarantees which made industrial spending is not commensurate with the needs of the country to the reconstruction of existing plants or establish new projects.
He stressed cream, according to the statement, the need to unite and promote cooperation between the Ministry and the Bank and the strengthening of relations with industrial companies to meet those challenges and work together to overcome them, calling out that the bank is in line with the plan of the Ministry of Industry in the reconstruction of the companies affiliated to it and projects that are being implemented for the benefit of institutions state in addition to the participation and investment projects, because the bank was founded originally specialized to achieve the goals of the ministry.
For his part, expressed the Director General of Industrial Bank prepared the bank to facilitate funding to renew the production lines and the provision of operational benefits to cover expenses and give profits to shareholders in the deposits of the bank, since these benefits are still considered high and outside the scope of the possibility of industrial companies. / End 2
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