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Granting loans to the private sector
10/08/2011
BAGHDAD - morning
The Committee decided the Supreme Economic Council of Ministers to develop mechanisms for granting loans to the private sector. This came during a chair, Deputy Prime Minister Ruz Nuri Shaways of the meeting 21 of the Committee which was attended by Minister of Planning and Trade and the Governor of Central Bank of Iraq and Chairman of the National Investment Commission, agents and ministries of finance, oil, industry, agriculture and Adviser to the Prime Minister for Legal Affairs and Assistant Secretary General for Administration and Finance. According to a statement issued by the Information Office of the Shaways received "morning," a copy of it, the Commission has taken a number of decisions and recommendations to support and assist the Iraqi private sector and activate its contribution to the economic development process. The Committee decided to increase bank capital Industrial to (150) billion Iraqi dinars and to direct the Ministry of Finance to monitor the amount of the increase in the budget year 2012, noting that the bank capital of the current total (25) billion Iraqi dinars. It also decided to allocate an annual sum in future fiscal years to develop and support the Iraqi private sector, in addition Help to develop and issue regulations that will facilitate the process of granting loans to the private sector with the development of controls to ensure the recovery of amounts borrowed.
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