Finance offers quick loans to companies and projects in Iraq

Finance offers quick loans to companies and projects in Iraq

 2021-04-20 02:53
According to the white paper, the Ministry of Finance has begun providing rapid loans to SMALL and medium-sized companies and facilitating the financing of investment projects aimed at alleviating the housing crisis, the State Media Cell announced Tuesday.

According to the government performance program for the six months of last year, the ministry provided several programs and plans within its various sectors, according to a statement issued by the cell.

According to the statement, Rafidain Bank began granting loans of 100 million dinars to housing-seeking employees, 50 million dinars for the purchase of housing units, or renewable solar systems, as well as car loans, hotel operations, scientific research, doctors, pharmacists and private sector employees, valued at (5,10, 15, 20, and 25) million dinars.

In order to develop the performance of the financial sector and improve the level of technology in the banking sector, Rafidain Bank has contributed to reconstruction and investment projects with strategic plans to improve infrastructure, health, education and tourism, he said.

On a separate level, the Ministry of Finance has begun to implement the file of the demarcation of projects and put them to investment, as it began to restore the electrical grid and deal with transport bottlenecks in (12) villages, and to eliminate the main roads in five different areas in the provinces, and the rehabilitation and development of the al-Aksha water complex in Al-Najmi, and restoration The water purification plant in Aziz Balad, the extension of the transmission line from the new Rumitha project to the Abu Sreifa area, the processing and extension of the electricity grid in al-Dwarir area of the crescent, the extension of the conveyor water pipe in the Area of Al-Warka and the extension of the sewage network, the statement said.

In addition, the Ministry of Finance announced ready-to-implement investment opportunities, most notably the 2.6 km-long Al-Kreat Bridge, which will link Karkh and Al-Rusafa, Karbala Al-Houli Road (66.5 km) long, and Baghdad Al-Houli Road (9 km) long. 4) Km and the highway linking wasit, Baghdad, Karbala and Babylon provinces along (235) km, the road linking Karbala province and The Crossing of Arar along (160) km, and the Baghdad-Basmiya road (20) km long.

With regard to the banking system file, the Central Bank has classified banks by service, closed banks in violation of the laws and legislation of reform laws, worked to develop government banks and change the exchange rate of dinars against the dollar, as well as linking the Iraqi banking system to the network of local and international banks, obtaining a license to operate on swift, implementing international banking operations, licensing the work permit, issuing electronic payment cards on behalf of the bank, initiating the implementation of the banking system and making important strides.

Rafidain Bank contributed to an extensive reconstruction and investment plan to promote the health, educational, educational and tourism sectors, by working on service infrastructure in accordance with strategic plans, which included (26) projects for residential complexes in (14) provinces, while Al Rasheed Bank contributed to the granting of loans and advances to residential complexes, the purchase of cars and small projects for the unemployed, health professionals, advances of marriage for employees and loans of liberated areas.

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