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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Central Bank: We have provided more than 12 billion dollars to support projects

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280493
    Join date : 2012-12-21
    • Post n°1

    Central Bank: We have provided more than 12 billion dollars to support projects Empty Central Bank: We have provided more than 12 billion dollars to support projects

    Post by Rocky Mon 05 Jun 2023, 3:53 am

    [size=35][size=35]Central Bank: We have provided more than 12 billion dollars to support projects[/size]
    [You must be registered and logged in to see this link.]
    [/size]

    Sweeteners

    [size][size]
    [You must be registered and logged in to see this link.][/size]
    2023-06-05 | 03:40
    [You must be registered and logged in to see this image.]
    [/size]


    153 views


    Alsumaria News - Local
    Central Bank Governor Ali Mohsen Al-Alaq confirmed today, Monday, that the bank provided more than 12 billion dollars in support for projects, while referring to the Riyada Bank, which will be a base for the launch of small and medium enterprises.


    [ltr]








    0 seconds of 0 secondsVolume 0%





     [/ltr]
    Al-Alaq said during a workshop conference on the actual financing needs and priorities for small and medium enterprises in cooperation with the German Cooperation Organization, which was attended by Alsumaria correspondent, that "the Central Bank provided more than $ 12 billion in support for projects," noting that "we continue to support small and medium enterprises."



    He pointed out that "the bank is now building a national strategy for lending, and it is expected to enter into force in early 2024."

    He added, "Riyada Bank will be a base for launching small and medium enterprises," noting that "30 percent of the total credit granted to the private sector."
    [You must be registered and logged in to see this link.]
    • Back to top
    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280493
    Join date : 2012-12-21
    • Post n°2

    Central Bank: We have provided more than 12 billion dollars to support projects Empty Central Bank: Our lending initiatives amounted to 12 billion dollars

    Post by Rocky Mon 05 Jun 2023, 4:32 am

    Central Bank: Our lending initiatives amounted to 12 billion dollars

    [You must be registered and logged in to see this image.]
    Governor of the Central Bank Ali Al-Alaq



    [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]


    Economy News - Baghdad
    The Governor of the Central Bank, Ali Al-Alaq, announced, on Monday, that the lending initiatives of the Central Bank amounted to 12 billion dollars, indicating that the lending strategy that the Central Bank is working on will enter into force early next year.
    Al-Alaq said at the conference on financing needs for small and medium enterprises in Iraq, organized by the German organization GIZ and attended by "Al-Iqtisad News", "based on the role of the Central Bank in achieving economic stability and contributing to the goals of growth, prosperity and job creation through an unconventional monetary policy that we started in 2015 It is one of the policies produced by some central banks in the world in order to accelerate economic growth. The bank seeks to build an effective partnership with international organizations, and achieve a balance between development, social inclusion and environmental protection. 
    Al-Alaq added, “These goals are in line with the Central Bank’s financing initiatives since 2015, which vary between the financing initiative for small and medium projects, housing loans, renewable energy, agriculture, economy, and services, which totaled more than $12 billion and constituted about 30% of the total credit granted to the sector.” private".
    And he stressed that "for the purpose of strengthening this trend, the central bank is building, and is now working on, building a strategy for lending that has reached advanced stages in terms of design and is expected to enter into announcement and implementation at the beginning of the year 2024," explaining that it "aims to facilitate lending in various forms in the light of diagnosing credit points." Weaknesses, Challenges and Opportunities.
    He pointed out that "the Central Bank continues to support small and medium enterprises, which are the backbone of the economy and reduce the rate of unemployment and poverty, and our experience in this field during the small and enterprise financing initiative over the past years has shown that financing alone is not sufficient to launch this initiative, but rather capabilities must be strengthened." Building skills, training and creating a suitable environment for the launch of these projects, and this is what we are seeing from international organizations that have extensive experience in this field.
    And he continued, "In the past few days, we have launched a project to establish a Riyada Bank, and we are working to achieve it through Iraqi banks, which will be a framework and base for financing small and medium enterprises, and this activity will be the basis for this bank, which also requires the use of international expertise."
    And he indicated that "monetary policy tools contribute greatly to overcoming the crises that occurred in the economy," calling on government and private banks to "strengthen and maximize their efforts in the framework of supporting small and medium enterprises, because of its direct effects on the economy."


    100 views
    Added 06/05/2023 - 10:36 AM
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Fri 08 Nov 2024, 2:50 pm