Parliamentary economy: to give a real role for private banks and the private sector will develop the

Parliamentary economy: to give a real role for private banks and the private sector will develop the Iraqi economy




Economy News Baghdad:
The member of the Committee on Economy and Investment parliamentary, Mehdi al-Hafez, Saturday, to build a strong Iraqi economy by giving an active role for the private sector and private banks, stressing the necessity of activating the principle of partnership between the public and private sectors.
He said Hafiz during his speech at the first conference of the Plan 2018-2022 National Development, convened by the Ministry of Planning in cooperation with local area development program, attended by "Economy News", "views the central bank was built in 2003, was not built enough picture of fiscal policy, which has become spaces due to exceptional circumstances. "
Hafiz called for "a global standardization process to determine who is eligible to enter a window sell the currency," noting that "the building of a strong and robust economy, there should be an effective role for the private sector and private banks."
He stressed the need to "activate the principle of partnership between the public and private sectors to enter the private sector to work in the industry and take advantage of the financing of the state."


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State-owned banks to facilitate the granting of loans to citizens




4/30/2017 0:00

BAGHDAD / morning
within the government measures adopted in order to promote the economic reality of the citizen, government and private banks in Iraq have witnessed during the recent period, the recovery in facilitating and providing bank loans to citizens revolution which varied between real estate and operational in addition to those granted to the unemployed, in addition to grant other financial facilities.
Rafidain Bank in a press statement to his press office, noted that his bank granting facilities for citizens and employees to obtain loans within the project Basmajh, including cancellation guarantee bill to the borrower, and to reduce the interest rate to four percent, indicating that if the payment of the 40 percent of the housing unit value down payment in two installments, it is dispensed with the sponsor, adding that the bank granting financial facilities amounted to 15 million dinars for any citizen has a project intended to implement it.
As part of the disposal of the housing crisis and help the citizen in the possession of the housing unit, Rasheed Bank decided to grant loans for the purchase of housing units funded than investment complexes, dedicated Baghdad International Fair branch to receive citizens ' requests for the promotion of applications and as soon as possible, stressing that the bank worked to provide facilities for citizens in order to eliminate the bureaucracy and red tape.
The Bank also announced his intention to grant loans to citizens of up to 30 million dinars to buy cars, pointing out that the loan term of five years, not to exceed the amount of 90 percent of the price of the vehicle or mechanism that would like to take the loan on them.
In the context of the elimination of unemployment and encourage the private sector projects, each of the bank Rafidain and Rasheed to facilitate the granting of loans to the unemployed for work amounted to 30 million dinars, to set up small businesses.
As for the advancement of the health situation of the country 's initiative was the bank Rafidain and Rasheed to grant loans to people with health professions were granted loans to doctors (human and veterinary pharmacists and dentists) in addition to the laboratory pathological analysis and clinics radiology and sonar Scannar-, the value of identified between 20 to 50 million dinars and the duration of the payment of up to five years at the
maximum.

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