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The Central Bank Increases Project Support Allocations: It Has Become 2 Trillion Dinars
01/16/2022
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01/16/2022
63
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Earth News/ The Central Bank announced, today, Sunday, an increase in the allocations of its initiative to small and medium enterprises, stressing that it has become 2 trillion dinars.
And the governor of the bank, Mustafa Ghaleb, said in a statement received by Earth News, "The Central Bank has increased the amount of its initiative to lend to small and medium-sized enterprises by an amount of one trillion dinars, bringing the total amount allocated for this goal to two trillion dinars."
He added that "the central bank's lending initiatives contributed to supporting the industry, agriculture, housing and trade sectors, and became nearly 30% of the total credit granted to the private sector, and contributed an important percentage to the gross domestic product."
He pointed out that “there are some loans provided by the Central Bank that are granted without interest, but in return for an administrative commission only,” noting that “the one trillion dinars initiative contributed to creating thousands of job opportunities and financing nearly three thousand housing units throughout Iraq, and it has exceeded The percentage of its implementation reached 90%, which prompted us to increase its amount by an additional trillion dinars.
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And the governor of the bank, Mustafa Ghaleb, said in a statement received by Earth News, "The Central Bank has increased the amount of its initiative to lend to small and medium-sized enterprises by an amount of one trillion dinars, bringing the total amount allocated for this goal to two trillion dinars."
He added that "the central bank's lending initiatives contributed to supporting the industry, agriculture, housing and trade sectors, and became nearly 30% of the total credit granted to the private sector, and contributed an important percentage to the gross domestic product."
He pointed out that “there are some loans provided by the Central Bank that are granted without interest, but in return for an administrative commission only,” noting that “the one trillion dinars initiative contributed to creating thousands of job opportunities and financing nearly three thousand housing units throughout Iraq, and it has exceeded The percentage of its implementation reached 90%, which prompted us to increase its amount by an additional trillion dinars.
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