The central bank calls to take advantage of lending programs and speed up procedures

The central bank calls to take advantage of lending programs and speed up procedures  








Mon Sep 07 2015 15:19 | (Voice of Iraq) - Baghdad

Called on the Central Bank of Iraq, on Monday, citizens of entrepreneurs and concerned industry and agriculture to benefit from the lending program launched, and student loans for banks to complete administrative and financial transactions quickly and accurately to ensure the arrival of funds to beneficiaries and implementation of projects.

The central bank said in a statement that "the launch of the largest bank began to finance lending programs in Iraq, the first of which belong to the process of financing industrial and agricultural sectors, housing and the amount of five trillion Iraqi dinars lend through specialist agricultural banks, industrial, real estate, and housing fund."

The bank said that "the second of which belong to private banks in the amount trillion Iraqi dinars in support of small and medium-sized projects," noting that "The aim of these programs is to stimulate the Iraqi economy and provide real opportunities to maximize the country's resources to stimulate the private sector and reduce unemployment."

He called the bank, "the citizens of the owners of small and medium enterprises and stakeholders from the industrial and agricultural and specialists to review the banks mentioned to take advantage of those programs," and urged banks "to complete the transaction its own administrative and financial procedures speed and precision requisite to ensure rapid access those funds to beneficiaries and implement their own projects ".

He was prime minister for economic affairs adviser appearance of Mohammed Saleh denied, in (5 September 2015), reports that lingered government launched a lending program which is funded by the Iraqi Central Bank in the amount of five trillion dinars for the sectors of industry, agriculture and housing, with the detection of the formation of committees to study and monitor the projects submitted .

The crisis in the cell (24 August 2015) acknowledged, lending which is funded by the Iraqi Central Bank in the amount of five trillion dinars for the sectors of industry, agriculture and housing program, as instructed Prime Minister Haider al-Abadi immediately proceed with the necessary procedures.

The central bank announced, in (8 August 2015), the launch of an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars, with the exception of the initiative "a good step" for the recovery of the economic situation and liquidity, confirmed they come to avoid foreign loans.

The International Monetary Fund forecast, in (21 March 2015), the high proportion of the budget deficit in 2015 to more than the proportion of 12% announced by the government, to "significantly higher levels", because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, also assume the budget, it proposed the implementation of the reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and reconsider the limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.




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