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25/07/2011
Financing SMEs ability to create jobs
BAGHDAD - morning
the whole economists that created 100 thousand jobs strategic objective requires planning and a clear and sound is in the pay of the private sector to absorb this number is important to unemployment.
Perhaps the conference marked (private banking sector Corner basis in the building sustainable development and the creation of productive jobs had been inspired by the content of this strategy when discussing the working papers submitted by the constellation of researchers and specialists. The first conference organized in cooperation between the Gulf Commercial Bank and the Iraqi company for financing small and medium enterprises and the Iraqi Company for Bank Guarantees by creating opportunities for working interest exception where studies focused on the mechanisms of action and proposals for the implementation of the goals.
and a President of the Conference Abu Talib al-Hashemi working papers of eight included in the conference, including small loans .. challenges .. success factors .. and the required support to Dr. Hussain Al-Anbuge and the Central Bank's role in supporting the development of institutions financing the projects of Professor Walid Idi and the role of these projects in building sustainable development and the creation of productive jobs for Dr. Riaz Hassan Mohamed Ali and the window of international investment to the President of the Conference.
also included other worksheets Find marked (the role of the private banking sector in reducing unemployment, and in search of another titled towards building a strategy for project development Small and medium Shirwan Anwar Mustafa in pregnancy recent research address the role of companies, bank guarantees in the financing of small and medium enterprises.
is striking that the Economic Advisor to the Prime Minister Dr. Abdul Hussain Anbuge recognized the importance of the private sector in the process of achieving sustainable development by providing opportunities to work and pay the small and medium enterprises for the production of requirements of large enterprises.
Anbuge stressed the need to quit to devote a culture rely on public money in everything and move towards the private banking sector in the process of lending projects and considered the mechanism and means capable of moving production because the borrower in this case obliged to pay not rely on the state debt forgiveness in most cases.
He called for the need to support the private banking sector to lead this process, stressing the success of this technique in achieving the desired development in the case of making the private sector operates smoothly complete financial in the Iraqi state, stressing the need for state sponsorship of private sector and financed by stressing the importance of lending to industrial projects with loans without interest to encourage these special projects on production and that the government lift her hand for the direct production of goods and make the task of the private sector. The Director General of Statistics and research at the Central Bank and Walid Idi Nabi has reviewed the role of the Iraqi Central Bank to support and develop the work of microfinance institutions and SMEs in Iraq. He that the state has adopted different criteria for defining small and medium enterprises is the most common standard number of employees, assets, sales and the level of investment and referred to the examples and the experiences of many international in Germany and England.
He referred to the fact Statistical SMEs, noting that Baghdad was ranked first in the number of projects small and attributed the cause to the popularity of its markets on the assumption that a worker profit is the main driver for the sustainability of these projects promise of government support for such projects as significant as contributing to the polarization of Iyad unemployed leads to a reduction in the unemployment rate.
then discussions and observations from a number of participants, representatives unions and organizations with economic affairs, where he urged some of them on the need to cover projects of industrial and productive private and suspended production of such loans in order to activate them and their contribution to the sustainable development process. It is interesting that this conference brought together the official opinion and of the presence of an active role for government representatives and opinion and special representatives with representatives of the private sector. The move is the task on the road to activate the partnership between the public and private sectors and indicate touch the government of the importance of the private sector in moving the development factors are required.
Perhaps such activities are required as long as they had been marked by transparency, openness and clarity of narratives that aim to correct mistakes and to address obstacles to economic reform on the way to revive our national economy .
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