Fears of rampant corruption in the Central Bank's initiative to support projects

Fears of rampant corruption in the Central Bank's initiative to support projects

2016-02-09

BAGHDAD / JD / .. warned a number of experts and specialists in the financial and economic affairs of the rampant corruption in the initiative launched by the central bank to support small and medium enterprises through the granting of soft loans by private banks specialized government banks, demanding the government to form monitoring committees to monitor the distribution of the loans process by the banks.

BAGHDAD / JD / .. warned a number of experts and specialists in the financial and economic affairs of the rampant corruption in the initiative launched by the central bank to support small and medium enterprises through the granting of soft loans by private banks specialized government banks, demanding the government to form monitoring committees to monitor the distribution of the loans process by the banks.

He says economist beautiful spokesman, said the central bank initiative firing loans to Alt_khassh banks (industrial, agricultural and housing) as well as some private banks, and these banks in turn launches soft loans to the owners of small and medium enterprises come to support the national economy, especially in light of the financial crisis the country is experiencing now .

Jamil and he told / KD / there were fears of the non-arrival of these loans to the beneficiaries as well as the interference of some parties of manipulating them, so there must be a real and significant role by the central bank and the House of Representatives as well as the government through the formation of monitoring committees to follow up mechanism for the distribution of these loans to ensure the implementation of the initiative to properly support the national product.

He was a member of the economic and investment commission in Parliament MP Burhan Mamouri had earlier warned of the consequences of wasting money within the central bank's Special Initiative to support industrial and agricultural projects to the private sector amounting to five trillion dinars, calling on the government to put monitoring mechanism severe and strict loan before proceeding with the implementation of this initiative.

Said Mamouri, that a lot of previous initiatives which wasted hundreds of billions of dinars did not achieve their goals because of the corruption that accompanied these initiatives, noting that his committee will check each file are lending and follow-up on the ground, whether agricultural or industrial Auskna.

He said the economic and investment commission member, said the task of the initiative to move these sectors, which will be reflected in the form of productive projects reduce imports in addition to Shred job opportunities for the unemployed, but past experience leads us to take real guarantees to each loan and be a real project connote citizen of the country in general.

For its part, confirmed member of the Committee of Economy and Investment MP Najiba Najib, said that fears of rampant corruption in the Central Bank's initiative led to the delay in the launch as a result of previous experiments agricultural Kalmpadrh and percent salary and industrial loans in which the actors entered were tapped and deliver them to the wrong people.

She said Najib told / KD / the central bank put the mechanics and controls at the banks to reduce the suspicious cases in this initiative, including registration electronic application form be linked to public administration and reporting of the amounts and there is a supervision and follow-up, in addition to that there are the conditions to make the project is practical and has a real desire to create The project is not to anyone. / End / 8 /