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Orientations for the development of the reality of Small and Medium Enterprises
11/08/2011
As a major means of economic growth
BAGHDAD - Hussein Tgb Tamimi
took activating the Iraqi economy by adopting the style of production projects of small and medium of interest to a wide range of experts from the Iraqi economy, especially after that proved this experiment a great success for the various types of projects in most countries that have achieved rapid growth in this area, and took the expansion of the paths are many, out of the provision of jobs for the unemployed and to achieve a financial resource for them. Amin Jubouri Director of the Corporation Commissioner guarantees bank said that the goal of all Iraqi economists lies in economic development, which requires study of the economies of countries with economic conditions similar to going through the country, pointing to the importance of medium-sized enterprises small in economic life, which proved a great success in most industrial sectors, agricultural and service, and there are experiments to global economies to adopt this type of project, such as Japan that the ratio of approved 99 percent of the SMEs in the economy, and 98 percent in Malaysia This also depends on the economic approach, which now fits the modern emerging economies, and the projects of small and medium industries are the main means of economic growth. Although she was in the beginning of the journey, but it contributed to raising the rates of production and to contain part of the problem of unemployment. He noted that most private banks are providing loans appropriate for such projects, where they are studying the project in all its aspects and economic feasibility of it, and then are provided the loan and the follow-up implementation of the project in all its stages, and noted that the company bank guarantees are made in repaying loans, by 75 percent of the risk of the loan, these guarantees come through the commission of 2 percent of the value of the loan. He added that the versions of the Central Bank of the legislative mechanisms facilitated the work and encourage banks to deal with the company. Calling for more support to the mechanisms of action of small and medium enterprises, and that there will be a joint mechanism between the government and private banks to lend to this type of projects for their effective role in the development of the Iraqi economy. He added saying that the number of projects that have been lending reached 3890 projects were distributed among 13 banks, also provided these projects more than 14 thousand jobs in all provinces. Khawla Mohammed Saleh Her tailoring project said: The idea of starting a limited were not familiar in the community and limited to the shops run by their owners exclusively, but after providing the supplier's financial allocated exclusively for a specific project and follow up by a third party lending, we have to start a sewing this where there were many machines and equipment, and this requires a skilled workforce availability, training centers and rehabilitation, and then the journey began Limited production and then evolved into the ceiling rose, profits and become a resource covers the business costs and premiums we have obtained loans through private banks that have adopted the idea of financing such projects has taken to expand in all provinces. Khalil Ansari, a banking expert said that the work of the banks that financed the private sector aims to promote the expansion of projects by increasing opportunities for access to business development, as well as creating the necessary environment for increased investment and Ttoiralmcharaa small and medium-sized, pointing to the need to promote opportunities for small and medium enterprises to reach the funding sources to formal credit (banks) with the participation of banks, Iraqi government and company bank guarantees in the development of the private sector through the secured portion of loans for these projects in Iraq. Where the company is working to review and analyze the requests and decide the eligibility or disqualification of the loan guarantee, pointing out that the attention to small projects that should be matched by action on sustainable development in Iraq. He noted in conclusion of the morning to the importance of capacity development and there is a need to develop mechanisms to activate the new business development programs that are adopted to achieve economic advancement, as most of the institutions concerned with economic affairs. Must be supportive of the principle of helping small businesses. And define mechanisms to support these projects to its important role in the economy
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