A local fund to finance projects in the liberated areas

A local fund to finance projects in the liberated areas

 

4/10/2017 0:00

Baghdad / Omar Abdel Latif welcomed the Commission services and reconstruction in the House of Representatives, the decision of the Association of private banks, the judge set up a local fund to finance large projects and infrastructure in the liberated areas, describing the move as «good». The Association of private banks, has announced that it is in the process of establishing a fund to finance large projects and infrastructure in the liberated areas in cooperation with the Central Bank of Iraq. The executive director of the Association of Ali Tariq in a statement singled out by the «morning»: The Association is working with the Iraqi Central Bank to set up a fund to finance large projects and infrastructure in the liberated areas, indicating that the central bank will contribute a large amount with private banks to finance the fund »He added that Association of the Central Bank aspire to that there are loans large development projects financed by private banks, that there will be to ensure the right of banks on the one hand and the targeting of real projects on the other mechanisms, noting that the aim of the establishment of this fund is the development of the impact of large and effectiveness of projects implemented way p . Liha. He continued Tariq said the dialogue is taking place on the priority of the projects financed by the Fund, stressing the agreement is first on the support of electricity, transport and hospital projects. Tariq hinted that « the central bank 's own face of the need to open their branches in Salahuddin and Anbar banks and actually got it» noting that those banks waiting for the bank guidance regarding the opening of its branches in Mosul after the liberation of the city from the Conception of terrorism ». For its part promised services committee and reconstruction in the House of Representatives, such a move by the private banks for the reconstruction of the liberated areas «good». The Deputy Chairman of the Committee, Amal al - Bayati said in a statement summarized by the «morning»: The participation of the private sector in the reconstruction of areas affected by terrorism is an excellent step if invested properly by the government, indicating that the process of infrastructure reconstruction in those areas need to be exaggerated Very large. It showed that international grants delivered to Iraq from the World Bank and other destinations are few compared to the size of the destruction that took place, adding that the contribution of the private sector in the reconstruction of these areas will have a very large and positive role, even if limited its contribution to the projects  normal.


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Private banks, decided to set up a local fund to finance projects liberated areas

Date: 04/10/2017 12:08
Dollar

Information / Baghdad ..

Association of private banks decided, on Monday, set up a local fund to finance large projects and infrastructure in the liberated areas.

The executive director of the Association of Ali Tariq told the newspaper "Al-Sabah" official seen by / information /, "The Association is working with the Iraqi Central Bank to set up a fund to finance large projects and infrastructure in the liberated areas," he said, adding that "the central bank will contribute a large amount with banks special fund to finance. "

He added Tariq, the "Association of the Central Bank aspire to be there loans large development projects financed by private banks, to be there are mechanisms to ensure the right of banks on the one hand and the targeting of real projects on the other hand," noting that "the objective of the establishment of this fund is the development of the impact and effectiveness of large projects and implemented correctly. "

"The dialogue is taking place on the priority of the projects financed by the Fund, stressing the agreement is first on the support of electricity, transport and hospital projects."

Tariq pointed out that "the Central Bank of the face of the special need to open their branches in Salahuddin and Anbar banks and actually got it," explaining that "those banks waiting for the bank guidance regarding the opening of its branches in Mosul after the liberation of the city from the Conception of terrorism." Finished / 25

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