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[size=36]The Sudanese advisor confirms the state’s adoption of providing sovereign guarantees for private sector loans[/size]
Economy | 02:58 - 06/28/2024
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Baghdad - Mawazine News
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Friday, that the state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of private industrial projects.
Saleh said in a statement, “There is a fundamental link in financing and implementation adopted by the government curriculum and public policy in development, and its basics are summarized in the high implementation of listed and ongoing government investment projects, which have faced delay and cessation for many years.”
He added, "The current investment approach is based on completing the implementation of investment projects without interruption and in accordance with the financial resources allocated to them included in the federal general budget law, while ensuring the sustainability of the funding sources necessary for continued implementation, especially in the field of high-service infrastructure, such as electric power and water development projects." Drinking, roads, sewage, etc., with a priority that touches the lives of citizens.”
Saleh explained, “The increase and increase in revenues is one of the important financing levers in overcoming the problems faced by government projects, which are called (lagging), and which have now entered into implementation and completion.”
He stated, “There is a clear correlation between the capacity to implement urban projects in the country and the growing sources of public revenues (whether oil or non-oil) and harnessing their high financial flows to serve the requirements of economic development in our country in a way that maximizes the gross domestic product and provides high and sustainable sources of employment at the same time.” Likewise, the private sector assumes an important responsibility in implementation, as it is the effective strategic partner in developing the Iraqi economy and advancing its infrastructure and various production activities.
He continued, "The state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of private industrial projects, particularly projects to produce industrial and construction outputs related to the advancement of construction, housing, and infrastructure, with sovereign guarantees to the private sector amounting to 85% of the value of private activity, specifically." "industrial than it."
Saleh said in a statement, “There is a fundamental link in financing and implementation adopted by the government curriculum and public policy in development, and its basics are summarized in the high implementation of listed and ongoing government investment projects, which have faced delay and cessation for many years.”
He added, "The current investment approach is based on completing the implementation of investment projects without interruption and in accordance with the financial resources allocated to them included in the federal general budget law, while ensuring the sustainability of the funding sources necessary for continued implementation, especially in the field of high-service infrastructure, such as electric power and water development projects." Drinking, roads, sewage, etc., with a priority that touches the lives of citizens.”
Saleh explained, “The increase and increase in revenues is one of the important financing levers in overcoming the problems faced by government projects, which are called (lagging), and which have now entered into implementation and completion.”
He stated, “There is a clear correlation between the capacity to implement urban projects in the country and the growing sources of public revenues (whether oil or non-oil) and harnessing their high financial flows to serve the requirements of economic development in our country in a way that maximizes the gross domestic product and provides high and sustainable sources of employment at the same time.” Likewise, the private sector assumes an important responsibility in implementation, as it is the effective strategic partner in developing the Iraqi economy and advancing its infrastructure and various production activities.
He continued, "The state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of private industrial projects, particularly projects to produce industrial and construction outputs related to the advancement of construction, housing, and infrastructure, with sovereign guarantees to the private sector amounting to 85% of the value of private activity, specifically." "industrial than it."
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