Impossible conditions behind the reluctance of citizens deprived Alaguetrad..almassarv small entrepr

Impossible conditions behind the reluctance of citizens deprived Alaguetrad..almassarv small entrepreneurs from the employment of thousands of unemployed

February 21, 2017 in News , Slyder Add comment

The observer of the Iraqi - Mushtaq Hasnawi have

not borne the Central Bank of the initiative launched by the financing of small and medium enterprises as well as the development of the agricultural and residential purpose sectors did not contribute to the recovery of the private sector , which is a partner of the president in the development of government output wheel despite the allocation of more than seven trillion dinars for the success of this initiative and to the reluctance of borrowers because of the difficult conditions under which banks set before the borrowers of the owners of the projects, which include a sponsor of the civil servants and that does not exceed the age of fifty years, as well as booking of these projects and the imposition of compulsory insurance on the borrower and other difficult conditions contributed to the lack of success of the central bank initiative for the development of the private sector and depriving Iraq of productive projects challenge from the importer who consumed large amounts of hard currency, as well as providing employment opportunities for thousands of young unemployed people and consequently these banks have contributed to consistently trade and economic recession, and sees specialists that the government and private banks to reconsider those conditions difficult and which are unable to small and medium enterprises for providing the owners, what is the benefit of those conditions, banks will be booked on these projects up to repay the loans, Depriving industrial, agricultural and residential entrepreneurs would adversely affect the national economy, most countries in the world rely on these projects in the production of goods that meet the needs of Iraq and made the rest of them, the private sector is a companion to the public sector and both are seeking to develop the economic growth and the reduction of inflation rates and the provision of hard currency was spent on the import of similar goods of what they will produce it ... economic expert , Dr. Abdul - Rahman al - Mashhadani said in a conversation with (Iraqi Controller) fired Central Bank initiative to develop the private sector and allocated seven trillion dinars in order to make it successful, but the banks that lend to small and medium enterprises , whether industrial, commercial or with respect to the housing sector and put tough conditions, making the borrower is reluctant to borrow, it is within the conditions to be a government guarantor employees and provide delivering pay the electricity bill, water and booking on the project until the repayment of the loan as well as a lease and the innocence of tax and other, and , if provided by the few, the bank argues that there is no credit Mali for non - payment of loans from the other and when the investigation we find them from influential political figures and not the ordinary citizen. He said al - Mashhadani: activation of small and medium enterprises and agriculture and housing will contribute to the development of the national economy and achieve growth contributes to the shift of the banking sector, but unfortunately , there is an obstacle to the development of the private sector , which is the reserve of the government sector, there are international experiences of countries have evolved by those projects insignificant to some of the influential people in the financial sector.

For his part, says economist Jassem al - Ugaili in contact with the (Iraqi observer): Dealing with loans granted to the private sector needs to measures that would make it a success, Banks had a fear of this step because of the experiences of previous years where they gave loans to citizens and did not recover. Hence put banking conditions and controls many instructions to reduce this phenomenon, to ensure the recovery of funds but these new conditions led to the reluctance of citizens rendering them thus depriving the economy of reactivating and depriving a lot of big jobs was possible to contribute to the events of economic mobility contributes to increased citizen 's income . To order confirmed by Najiba Najib Economic Committee, said that support for small, medium and large enterprise initiative was a proposal of the Commission of Economy and Parliamentary investment, preceded us by the states tried and succeeded to build a strong economy such as Malaysia and Singapore and was able to develop its economy through small businesses.