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[size=36]The Central Bank gives the Housing Fund 5 years to pay the money owed to it[/size]
economy | 08:43 - 12/08/2024
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Mawazine News - Baghdad
The Ministry of Construction and Housing reported that the Central Bank of Iraq has given the Housing Fund a 5-year grace period to pay the money it owes.
The official spokesman for the ministry, Nabil Al-Saffar, explained in a statement to the official agency, which was followed by (Mawazine News), that the fund’s plan for the current year included disbursing 900 billion dinars among 17 thousand beneficiaries who applied for the fund’s loans, noting that 14 thousand beneficiaries were lent during the past months, and only 3 thousand beneficiaries remain who will be granted loans successively, and thus the fund has completed its plan for the current year.
He pointed out that the resumption of issuing loans is dependent on the financial returns that come from citizens, in exchange for the loans they received, stressing that the electronic payment process contributed to the ease and speed of recovering the amounts, noting at the same time that the fund has not yet set a date for issuing its next loans. Al-Saffar stated that the Central Bank gave the fund a period of 5 years to pay the amounts owed under the initiative it launched earlier, to support it with an amount of one trillion and 250 billion dinars, which enabled it at that time to lend to a large number of citizens.
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