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Minister of Planning: The Iraqi government has developed an economic vision regarding borrowing policy
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Economy News - Baghdad
[rtl]Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, confirmed today, Saturday, that the Iraqi government has developed an economic vision regarding borrowing policy.[/rtl]
[rtl]This came during the speech he delivered while sponsoring the celebration of the Central Bank of Iraq, launching the national strategy for bank lending in Iraq, for the period 2024-2029.[/rtl]
[rtl]The Minister congratulated the Central Bank for “the launch of this strategy, which was prepared in cooperation with the German Development Agency,” noting that it “is consistent with the government’s directions, and coincides with the completion of the preparation of the five-year development plan for the same period of time, and the legalization of loans.”[/rtl]
[rtl]He added, "The lending strategy can contribute to increasing the credit granted to the private sector by 4% of the non-oil GDP, and giving special attention to small, small and medium enterprises by increasing the credit granted to them by 3% of the non-oil GDP."[/rtl]
[rtl] The Minister of Planning stressed, "This trend would contribute to financing more projects, and give the private sector a good space to be a real partner in achieving development goals, as well as moving forward to achieve a state of economic diversification, and thus reducing dependence on oil."[/rtl]
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Added 05/25/2024 - 11:58 AM
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Economy News - Baghdad
[rtl]Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, confirmed today, Saturday, that the Iraqi government has developed an economic vision regarding borrowing policy.[/rtl]
[rtl]This came during the speech he delivered while sponsoring the celebration of the Central Bank of Iraq, launching the national strategy for bank lending in Iraq, for the period 2024-2029.[/rtl]
[rtl]The Minister congratulated the Central Bank for “the launch of this strategy, which was prepared in cooperation with the German Development Agency,” noting that it “is consistent with the government’s directions, and coincides with the completion of the preparation of the five-year development plan for the same period of time, and the legalization of loans.”[/rtl]
[rtl]He added, "The lending strategy can contribute to increasing the credit granted to the private sector by 4% of the non-oil GDP, and giving special attention to small, small and medium enterprises by increasing the credit granted to them by 3% of the non-oil GDP."[/rtl]
[rtl] The Minister of Planning stressed, "This trend would contribute to financing more projects, and give the private sector a good space to be a real partner in achieving development goals, as well as moving forward to achieve a state of economic diversification, and thus reducing dependence on oil."[/rtl]
Views 30
Added 05/25/2024 - 11:58 AM
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