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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    State media announces details of the financial reform plan drawn up by the Finance Ministry

    Rocky
    Rocky
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    State media announces details of the financial reform plan drawn up by the Finance Ministry Empty State media announces details of the financial reform plan drawn up by the Finance Ministry

    Post by Rocky Tue 20 Apr 2021, 8:34 am

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    Today, Tuesday, the Government Information Cell announced that the Ministry of Finance will draw up an economic reform plan and delineate projects .
    A cell statement received by the Iraqi News Agency (INA) stated that "the Ministry of Finance has begun to develop an economic reform plan, according to what is included in the white paper, by providing quick loans to small and medium companies and facilitating the financing of investment projects aimed at alleviating the housing crisis."
    He explained that "the ministry, according to the government performance program for the six months of last year, provided many programs and plans within its various sectors," noting that "Rafidain Bank began granting loans worth (100) million dinars to employees looking for housing, and (50) million. dinars to buy housing units, or power systems of solar renewable, as well as auto loans, and operating hotels, scientific research, doctors, pharmacists, and private sector employees, their value (5, 10, 15, 20, and 25) million dinars " .
    He continued, "In order to develop the performance of the financial sector and improve the level of technology in the banking sector, Rafidain Bank has participated in reconstruction and investment projects with strategic plans to improve infrastructure, health, education and tourism . "
    On the other hand, the statement stated that "the Ministry of Finance has started implementing the project demarcation file and put it up for investment, as it has begun monitoring the sums for improving the electrical network and dealing with transport bottlenecks in (12) villages, and cladding the main roads in five different regions in the governorates."
    He added, "The Al-Okasha water complex in Najmi was rehabilitated and developed, the water purification plant in Aziz Balad was restored, the conveyor line was extended from the new Rumaitha project to the Abu Srifa area, the electricity network was equipped and extended in the Al-Dhuaiher area in Al-Hilal, and the conveyor water pipe was extended in the Warka area. And the extension of the water network of Suwir.
    He stressed that "the Ministry of Finance announced investment opportunities ready for implementation, most notably the Al-Qurayat suspension bridge with a length of 2.6 km, which will link between Al-Karkh and Al-Rusafa, the Karbala Al-Hawali road with a length of 66.5 km, the Baghdad Al-Hawali road with a length of 94 km and the highway linking the governorates of Wasit." Baghdad, Karbala and Babil are (235) km long, the road linking Karbala Governorate and Arar Crossing is (160) km long, and the Baghdad-Basmaya road, with a length of (20) km.
    With regard to the file of the banking system, he pointed out that "the Central Bank has worked to classify banks according to service, close banks that violate laws and legislate reform laws, and work on developing government banks and changing the exchange rate of the dinar against the dollar, as well as linking the Iraqi banking system to the network of local and international banks, and obtaining The license to work on the  (SWIFT)  system and the implementation of international banking operations, the work permit, the issuance of electronic payment cards in the name of the bank, the initiation of the implementation of the banking system and the completion of important steps in it.
    The statement stated that "Al-Rafidain Bank has contributed to an expanded reconstruction and investment plan to advance the health, educational, educational and tourism sectors, by working on infrastructure for services according to strategic plans, which included (26) housing complex projects in (14) governorates, while the Rasheed Bank contributed to granting loans and advances. For housing complexes, buying cars and small projects for the unemployed and those with health professions, marriage advances for employees, and loans for liberated areas.
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