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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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    Sudanese advisor invites banks related to loans

    Rocky
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    Sudanese advisor invites banks related to loans Empty Sudanese advisor invites banks related to loans

    Post by Rocky Thu 02 Mar 2023, 5:18 am

    Sudanese advisor invites banks related to loans

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    Economy News - Baghdad
    On Thursday, the Prime Minister’s Advisor for Economic Affairs, Mazhar Muhammad Salih, classified the loans provided by banks into two types.
    Saleh said, "The loans provided by banks, which are called bank cash credit, are classified into two types. The first includes disbursement of the loan on real investment in the fields of production and generates what is called the investment accelerator in the growth of national income by activating the cycle of demand for factors of production, especially the labor force." capital and related production supplies.
    "This will contribute to increasing the annual real economic growth and maximizing added value in the national economy as a whole, whether in the fields of agricultural activity, digital services, industry, building and construction, and others," Saleh added, in an interview with the official news agency.
    And he continued, "There are loans of a consumer nature that stimulate the demand for consumer goods and services," explaining that "the problem of loans related to consumer spending, if it is not linked to the local production of goods and services and leads to activating the derived demand for factors of production through growth, then it will fuel the derived demand as a result of Expenditure resulting from consumer loans in spending on goods and services of foreign or imported origin.
    He stressed that "this is what makes this type of loan of a consumer nature that drains the country's wealth and strengthens growth in other countries," calling on the banking system to "grant credit or loans to the truly invested and productive forces in the national economy, and at rates that exceed lending for consumption purposes, especially in Our country's current consumption spending on imported goods and services is very widespread.



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    Added 03/02/2023 - 12:17 PM
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