Tue Feb 04 2014 8:40 p.m. | (Voice of Iraq)
Alsumaria News / Babylon called the Investment Commission of the province of Babylon, on Tuesday, to the need to reform the banking system in Iraq and a policy of soft loan, arguing that most investors are suffering from the laws of the local banks, which prevents them from borrowing. said TRA Director General Alaa bayonet in an interview for "Alsumaria News "," The banking system in Iraq suffers from most of the investors, especially banking laws that prohibit the granting of loans to investors and citizens alike smoothly, making the most of the projects are scattered and private investment projects involving housing, "noting that" the movement of Finance in Iraq is an essential part and important role in building the infrastructure. " added bayonet that "there is very much needed to facilitate lending policy is not an investor, but the citizen in the purchase of residential units," adding that he "can not for the real estate sector to grow and prosper and achieve real results on the ground without entering banks, both government or the private sector. " and called on the bayonet to the "need to reform the banking system in Iraq for the advancement of the economic reality of the investment," and urged "a conference in Baghdad of international banks, Arab and local and investors to discuss the reality of banks and investors and give the signal is also important for investors wishing to enter the market Iraqi promising. " It is noteworthy that Iraq suffers from a severe housing crisis due to the increasing number of population relative to the number of residential complexes, in addition to the inability of citizens with limited income from the construction of housing units of its own because of the high price of land and construction materials.