Parliamentary Finance hosts central bank officials next week
The first 2023/08/21
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Baghdad: Omar Abdul Latif
The Finance Committee in the House of Representatives is seeking to host central bank officials next week, to discuss the delay in distributing funds for the housing initiative that it launched last year.
A member of the committee, Mustafa Al-Karawi, said in an interview with "Al-Sabah": "The banks were very late in releasing initiative sums for citizens to buy real estate or build plots of land that they own as part of a solution to the housing crisis that Iraq suffers from."
Al-Karawi explained, "The initiative is awaited by many citizens who do not have sufficient funds to build their homes," noting that "many citizens obtained interest-free loans from banks in order to purchase housing units, including those in the vertical housing complexes that were established recently."
And that "the grant amounts are provided by the central bank to the banks," pointing out that "the committee will host the governor of the central bank and its officials to inquire about the reason for delaying the release of the amounts to the banks to take appropriate measures to grant them to citizens."
Edited by Wael Al-Malook
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