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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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Established in 2006 as a Community of Reality

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    Launching the national strategy for bank lending in Iraq

    Rocky
    Rocky
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    Launching the national strategy for bank lending in Iraq Empty Launching the national strategy for bank lending in Iraq

    Post by Rocky Sat May 25, 2024 5:57 am

    Launching the national strategy for bank lending in Iraq
    • Time: 05/25/2024 12:02:10
       
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    {Local: Al-Furat News} Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, confirmed today, Saturday, that the government has set an economic vision regarding borrowing policy.
    Tamim said in his speech during his sponsorship of the celebration of the Central Bank of Iraq, launching the national strategy for bank lending in Iraq, for the period 2024-2029, according to a statement received by {Al-Furat News}, that “the government has set an economic vision regarding the borrowing policy, which is that borrowing paths be directed towards the joints of development, “By financing strategic projects, which cannot be financed from the state’s general budget, which can contribute to raising the level of development in the country.”
    The statement indicated that “Tamim blessed the Central Bank with 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.”
    Tamim added, “The presence of a 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 GDP.” Non-oil,” stressing that “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.” .
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