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Iraq calls for local efforts to ensure the success of small and medium-sized enterprises
Committee "Economy and Investment" Parliamentary confirmed on Sunday that the Iraqi state is interested in a great form of small and medium enterprises as an important tributary of the sustainability of economic development in the country.
A member of the committee, Mohammed Al Mahmoudi, told the «Journal News» "The Council of Ministers of the Central Bank of Iraq in cooperation with the cost of economic and investment commission to allocate funds for small and medium-sized enterprises."
He added that the "allocated per project amounts ranging from the 5 - 50 million paid after a period of six months from the date of receipt of the loan and convenient installments."
He Mahmoudi, said the role of the committee Illerkz on two things, "the first follow-up to the work of the central bank through the distribution of these amounts to the applicants for loans, and the second is to monitor the implementation of this measure in accordance with the regulations."
For his part, sees economic expert, Maitham Laibi, that "Iraq is one of the countries where possible that small businesses succeed," adding, "although interested in such large residential and industrial sector projects the state."
He Laibi, told the «Journal News» on Sunday: "The government is supposed to provide loans and administrative facilities for such projects ..".
The expert called for the economy, creating a competitive environment for the success of these projects commercially as in the agricultural sector, aggravating the need "to coordinate at the level of ministries in order to support the private sector, in addition to international support and support and supplement these projects and international expertise."
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Committee "Economy and Investment" Parliamentary confirmed on Sunday that the Iraqi state is interested in a great form of small and medium enterprises as an important tributary of the sustainability of economic development in the country.
A member of the committee, Mohammed Al Mahmoudi, told the «Journal News» "The Council of Ministers of the Central Bank of Iraq in cooperation with the cost of economic and investment commission to allocate funds for small and medium-sized enterprises."
He added that the "allocated per project amounts ranging from the 5 - 50 million paid after a period of six months from the date of receipt of the loan and convenient installments."
He Mahmoudi, said the role of the committee Illerkz on two things, "the first follow-up to the work of the central bank through the distribution of these amounts to the applicants for loans, and the second is to monitor the implementation of this measure in accordance with the regulations."
For his part, sees economic expert, Maitham Laibi, that "Iraq is one of the countries where possible that small businesses succeed," adding, "although interested in such large residential and industrial sector projects the state."
He Laibi, told the «Journal News» on Sunday: "The government is supposed to provide loans and administrative facilities for such projects ..".
The expert called for the economy, creating a competitive environment for the success of these projects commercially as in the agricultural sector, aggravating the need "to coordinate at the level of ministries in order to support the private sector, in addition to international support and support and supplement these projects and international expertise."
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