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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Small and Medium Enterprises Development check

    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
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    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    Small and Medium Enterprises Development check Empty Small and Medium Enterprises Development check

    Post by day dreamer Sat 27 Jun 2015, 10:08 pm

    Small and Medium Enterprises Development check

         
     
     6/28/2015 0:00


    Samir Alnasiri proposes several measures to ensure its success
         BAGHDAD - Hussein al-Tamimi Tgb
         Counting Baghdad Economic Forum member Samir Alnasiri CBI initiative in the allocation of the amount trillion dinars for program financing of small and medium enterprises the right to work.
    He said in an interview with "morning": that the allocation trillion dinars to finance small and medium enterprises and adopted by private banks and in cooperation and coordination with the Iraqi private banks association represents a move designed primarily to achieve sustainable economic development, support and financing of small and medium enterprises and the reduction of unemployment for young graduates producers within     working age and those with occupational and professional and technical skills with the ability to establish and manage product project in the economic sectors of agriculture, industry, housing, trade, tourism and health.
    He noted that the activation of the mechanisms of implementation of the project needs to be a set of quick actions in cooperation and coordination with the banks and to ensure a successful mechanism for the implementation of the project and its success and development Pmaahakq central goal.
    Alnasiri suggested that action may be taken and securing executive requirements and of the application of the program effectively and practical, is also given the role of the Iraqi Company for financing small and medium enterprises existing as a specialist with the task of running the project that includes the allocation amount for banks wishing to stage the first trial to prove the success of the application instructions issued by the Bank     CBI and for the remainder of 2015.
    He pointed to the importance of reviewing study program, instructions, applications and successes and failures that I got to get to the visions and instructions for new 2016 adopted by the Council of the Iraqi Central Bank administration, especially now that it is supposed consultation and opinion, partnership and cooperation in making decisions on the applications of monetary policy, the private banking sector.
    Alnasiri between the importance of creating a new structure within the organizational structure of the Central Bank of Iraq include the establishment of a unit or department Odairh to manage the amounts and the distribution of funding, monitoring and evaluation of the application of the financing of small and medium enterprises program in accordance with the operational instructions issued and the window is called (development finance fund administration), or as it is called now (Finance Fund     National).
    He urged the determining criteria for small and medium enterprises identified based on the standard numerical workers in or sectoral standard and is placed controls the borders of the lower and higher lending according to the importance and its impact on the economic development of the project, included Productive Families popular and traditional industries and stereotypes, sewing and encourage the feminist element in the establishment and financing of these projects where show     Statistics show that the percentage of women producers Crops loans to finance small and medium-sized their businesses no more than 13 percent of the total recipients of these loans.

    Alnasiri stressed the importance of re-financing the distribution of balanced proportions to serve the economic development of economic sectors and non-Turkazaaly finance consumer and unproductive nature of projects where Statistics indicate that commercial loan accounts for 53 percent of the total previously funding granted loans while finance housing loans 3 percent and the agricultural 5 percent and health     3 percent.
    And demanded to reconsider rate of interest on the loan, which realized the central bank, banks and the guarantors that no more than 4 percent instead of 5.5 percent and the duration of repayment of the loan of not less than 5 years instead of 3 years and can finance the project a second time in the case of repayment of the loan for less than the period Aamahddh for the purpose of development     .
    He said the special economic circumstances experienced by Iraq due to falling world oil prices and the war on terror has made the Iraqi economy suffers from additional problems, notably the financial crisis, the public form and liquidity crunch your form which ails government and private banks now in addition to the lack of control on a balanced price for the disbursement of the Iraqi dinar against the US dollar encouraged speculators and users in the cash trading to manipulate the economic situation market.



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