Tourism Authority is looking to revitalize the tourism sector after the launch of the Rafidain Bank

Tourism Authority is looking to revitalize the tourism sector after the launch of the Rafidain Bank loans


 Baghdad / Zahraa Al-Jassem

Tourism Authority welcomed the step Rafidain Bank lending to hotels in order to rehabilitate and develop them to serve the tourism movement, saying it is a step in the right direction, the government and demanded that facilitate income taxes, real estate and bills of other, while the financial advisor to the Prime Minister that the World Bank announced to cooperate with Iraq to prepare an assessment of performance studies tourism and how the investment climate in this sector improved to him, pointing out that the revitalization of the tourism sector is always a guarantee of the Iraqi economy , including generated significant financial returns that can compensate for the decline in oil prices.
The Rafidain Bank has decided to grant to the owners of tourist hotels operating loans for the purposes of restoration and rehabilitation of up to 50 million dinars for each hotel and a period of grace 3 months, and set conditions and controls to give them that monthly payment is made to the premiums and interest after the expiration of the grace directly, with a foreclosure sign on the property suitable offers by the borrower shall be subject to the first class that strongly in favor of the bank covers 20% of the value of the loan, to be charged to administrative commission (2%) of the loan amount.
He welcomed the Tourism Authority at the Ministry of Culture director Mahmoud al - Zaidi said in an interview (range), the move and said that this means that the state began to support the tourism sector, even if these small amounts but it is a step moral support and encouragement at the same time the private sector, as the organization and development of rehabilitation of hotels movement in order to be the best level is as long as keen on it, but the most important step after giving these amounts to be followed up the fact that the development and rehabilitation of hotels, with guarantees for the rehabilitation of these facilities in a way the bank to feel this served a particular in the tourism sector is part of the loan, which should there be a mechanism is exposed FH and control hotels to serve the revitalization of the tourism sector, with banks need to cooperate with the sector to advance its reality.
Refers Zaidi in the context of his speech to the Tourism Authority hopes that the central bank generally provides support to the tourism sector on the banks level as a bank of tourism investment or support tourism companies or facilitate banking procedures for tourists and tourism companies, and said: We also believe that the extent of this support there will be the development of in investment in this sector, and today demanding the government and all its institutions , such as electricity and other observance of tourist facilities because of the suffering through payments imposed on them invoiced electricity or water and others, reiterated its call to the government to facilitate the matters of income taxes, real estate and bills of other owners Hotels and investors, and with the fact that we appreciate that the country is passing through difficult financial crisis , but the need to think about the tourism sector is to raise part of this distress and generate additional income for the country and contribute to running many of our children.
Financial Advisor appearance of Mohammed Saleh confirmed his part that the granting of loans for the rehabilitation of hotels falls within the priority of the government in the revitalization of the tourism sector, as a guarantee is always the Iraqi economy because of tourism diversity in the country , both archaeological ones or religious, and it needs to be developed and effortless tourist accessories standing on top these things activate the theme and hotel financing movement.
As believed Saleh, the lending hotel to development is part of the five trillion dinars provided by the central bank loan, explaining in an interview (range), which Cedar significant financial income for Iraq and encourage the diversification of the economy, which is among the priorities that we aspire to it, Msttrda: Tourism today we have hit to accommodation and that there was not harboring a good tourist is not going to come to Iraq, therefore, there is a financial renaissance of the state commensurate with the tourist renaissance of the country, any country has a renaissance of tourism in this way be the demand of tourism a lot and he must provide the infrastructure to meet this demand on top of this infrastructure , shelter, Pena that this matter falls within the current government plans, as we have cooperation with the World Bank in this direction, and the latter now works an assessment of the tourism sector in Iraq as one of the important areas Indemnified for oil in the future. Continues as saying that the World Bank is as much Bank knowledge has promised to provide a study on the evaluation of tourism performance in Iraq , in addition to how the investment climate tourism improvement, but certainly to improve it needs to requirements on her head is how we receive batches of tourists means attractive for tourism and encouraging, Valaaoa is good is hindered to stimulate tourism, especially since the tourism sector in a country like Iraq , and over time can compensate him rentier sector gradually, and the fact that the rentier oil began to decline due to the changes, the tourism sector can be offset by a decline , but this is always oil.
.oafatt specialists that the government is not even today has statistics declared profits of tourism sector in the religious and archaeological sectors, at the time of this sector is suffering from almost total neglect, there are many political parties in control of important parts in the tourism sector, making profits go to unknown destinations, at a time when he can contribute to supplement the state budget by high resource and be synonymous with oil.

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