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rocky
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money and business

Post by rocky on Sat 13 Jan 2018, 1:41 am

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money and business




Central Bank allocates 500 billion dinars additional housing projects 
The Central Bank of Iraq announced on Friday, allocated 500 billion dinars to residential complexes, stressing the continuation of financing the loans of other projects. 
"In the framework of the policy of economic stimulus and its contribution to alleviate the housing and unemployment crisis, the Central Bank of Iraq announces the completion of the financing of housing loans and real estate in the amount of trillion and four hundred billion dinars, in 2016 and 2017 in the The largest real estate finance program in the history of Iraq. " 
He added that "the continuation of the implementation of this policy, was added to the amount of 500 billion dinars for the year 2018, most of which is allocated to housing complexes projects in light of the requests received by the Central Bank." He pointed out that "these loans have simple administrative loads do not burden the borrowers."
On the other hand, the Central Bank of Iraq in his statement to continue to "finance the loans of industrial and agricultural projects and small and micro enterprises, which the central bank allocated a total of four trillions and a half trillion dinars," pointing out that "these credit facilities are the largest in the history of Iraq" .
 
Planning and implementation of private sector development strategy signed with United Nations 
Undersecretary of the Ministry of Planning for Technical Affairs, Maher Hammad Johan, said following the signing of the agreement in a press release: "We continue to cooperate with the United Nations Development Program (UNDP) The topic is a sequential part of these programs that we share in the implementation of the strategy of developing the private sector, explaining that this is a national strategy and not the strategy of the Ministry of Planning and prepared by sectoral bodies and in partnership with international bodies represented by the United Nations and the United Nations For a development which was approved by the Cabinet in 2014. He explained that this strategy has been initiated to implement mandated by the General Secretariat of the Council of Ministers by the Ministry of Planning represented sectoral Bdoairha economic, financial and private policies and other circles circle.
"The strategy was developed in a situation where the country was quite different, but one thought that this sector should play a key role in building the country in development, partnership and economic diversification in general," he said. 
"Today, we are in dire need of the role of the private sector to match the reality of our words," he said, pointing out that this strategy includes key axes that go to the private sector at a clear pace for the country and the surrounding countries encouraging it to engage in real economic development. 
He pointed out that the issue is mainly related to the private sector in order to absorb the bulk of the expected unemployment as a result of the cessation of employment opportunities provided by the state to the public sector, so this is an important part of the fact that it is reflected in many categories too.
With more than 200 thousand graduates annually in colleges and institutes, stressing that we must find a place in the labor market with the need to be partners in development and beneficiaries or winners of every framework of economic development experienced by the country. 
He expressed the hope that this partnership or agreement would put our hands on the right track for implementation. The aim of the Convention was to provide a framework of cooperation to facilitate coordination between the parties and on a general basis in the areas of common concern. The purpose of the project for UNDP is to monitor and evaluate the implementation of the PSD. The Ministry of Planning is to provide funding and technical arrangements for the implementation of the PSDs in Iraq.
For his part, said the country director of the United Nations Development Program in the Middle East Mounir Thabet, "The Convention is an initial framework for cooperation between UNDP and the Iraqi government on the implementation of the strategy of private sector development, and believes, and with a comprehensive conviction, that is of particular importance to the private sector In Iraq on the issue of employment opportunities, and may be the challenge in creating jobs, the biggest challenge now in post-liberation Iraq.
He pointed out that the great challenge is economic advancement, which should be a comprehensive renaissance that includes all citizens, especially young people who unfortunately have not yet been able to enter the labor sector adequately to meet their wishes and ambitions, there must be a role for the private sector. He explained that the development of the private sector and its development is part of the strategy of the Ministry of Planning, stressing its readiness to cooperate with the Ministry to implement this strategy. The important role for us is to support the ministry in developing a framework that helps the ministry monitor the implementation of this strategy. Of the facts, and this briefly represents the nature of cooperation that will take place between the Ministry of Planning and the United Nations Development Program.
 
Electricity: We put the pricing of invoices and have nothing to do with the tax collection companies 
The Ministry of Electricity announced that it is the one who sets the pricing of bills to pay electricity, and private companies do not have to do so, eighth of the citizens' response to the ministry. "The billing rate is set by the Ministry of Electricity, and the private sector companies are constantly exporting the rumors, maintaining the distribution networks, charging electricity consumption, and installing the smart meter system free of charge for citizens," ministry spokesman Musab al-Mudar told a news conference. 
The teacher added that "the calculation of costs are based on five categories of consumption, namely the residential, commercial, industrial, agricultural and government."
As for the calculation of the wages of the residential class, Musab explained that the kilowatt-hour unit cost the Ministry of Electricity 108 dinars, sold to the citizen for the first thousand by JD10 with 94 percent support and 500 thousand dinars by 20 dinars, (120) dinars fixed, industrial and agricultural (70) dinars, and the government of (100) dinars, noting that "the value of the dinar, The charge on the prices of bills, raised by the affected and hit their interests from the implementation of the project Aljbaiba, and began to distort his reputation. 
The ministry spokesman revealed the percentage of the rumors saying: "The percentage of the rumors of the quantities of production reached 16000 megawatts, more than 60 percent, and in some provinces reached 88 percent, and this is a serious proportion of the countries of the world, and we will eliminate these percentages by the law of collection "He said.



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