Wadih al-Handal: The banking sector will contribute to financing the projects of the liberated areas
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Economy News Erbil
The President of the Association of Iraqi Private Banks, Wadih al-Handal, announced the plan of the Iraqi banking sector for the next stage, noting that he will participate in financing small, medium and large projects in the liberated spokesman in accordance with the Council of Ministers Resolution No. 245 of 2019.
Al-Handal said in a speech on the sidelines of the Nineveh Investment Forum, which was attended by Al-Iqtisadiah News, that the Egyptian sector will contribute effectively in financing small, medium and large projects as well as participation with the private real estate, agricultural and industrial sectors in accordance with the Cabinet's decision 245 of 2019 and the approval of the President. Council of Ministers on the recommendation of the Council of Advisors on the financing of small and medium enterprises. "
"The Association of Banks is working to invite Arab and foreign banks to open branches or offices in Iraq for the purpose of providing services to Arab and foreign investment companies operating in Iraq."
Al-Handal revealed the most prominent activities of the Association of Private Banks in Nineveh Governorate in cooperation with the "Tamkeen" Fund, saying that "one billion dinars has been allocated to grant loans to 200 small projects without interest and an appropriate repayment period, in addition to the support of our organization to care for displaced people headed by UNESCO artist peace musician Naseer Shamma ".
More than 4,000 food parcels were distributed to needy families, more than 3,000 school trips to schools on the right and left sides of the city, more than 1,000 Eid clothes for orphans, and more than 1,000 school uniforms, school bags and stationery for the new school year, he said. Rehabilitation of youth after the terrorist phase of ISIS.
He stressed the need to abolish the bureaucracy in dealing with investors so that they can put their projects on the ground.
Al-Handal called for giving confidence to experienced and efficient investors to rebuild the areas liberated from ISIS.