[ltr]2021.02.23 - 15:05[/ltr]
Baghdad - People
The Secretary-General of the Council of Ministers chaired, on Tuesday, the agenda of the committee to develop a mechanism for granting loans within the initiative of the Central Bank.
A statement by the secretariat, which "people" received a copy of (February 23, 2021), stated that “the Secretary General of the Council of Ministers, Hamid Naim Al-Ghazi, chaired the agenda of the committee concerned with establishing a mechanism for granting loans to projects without interest or reduced interest, as part of the initiative of the Central Bank of Iraq in cooperation and coordination with Governmental banks. "
Al-Ghazi stressed that "the initiative aims to revitalize the private economic sector and facilitate procedures related to granting loans, and make use of the amounts earmarked for financing projects, according to the facilities approved by the committee during its previous meetings."
The committee discussed "the proposals and studies submitted by a number of ministries and institutions, pertaining to their employees, and the mechanisms for lending agricultural projects, as amended by the sub-committee, which will contribute to providing appropriate facilities to borrowers."
The committee also discussed, "the proposal of the advisory body, regarding the amendment of the lending procedures for the approval of private banks on par with government banks, and the inclusion of all proposals in the recommendations for the purpose of approval and referred to the relevant authorities to act accordingly."
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