Will soon launch a private-sector support of $ 5 trillion dinars loan

Will soon launch a private-sector support of $ 5 trillion dinars loan

February 16th, 2016

Committee member Salam al-Maliki

Baghdad morning's New:

declared a member of the Committee on Economy parliamentary Prime Minister Haider al-Abadi will be launched in the coming days to support the private sector of $ 5 trillion dinars loan.

The committee member said Salam al-Maliki told all of Iraq "where" "The committee spoke with the Prime Minister for the delay implementation of supporting the private sector's decision $ 5 trillion dinars, indicating that al-Abadi and we came back and gave us guarantees and approval in principle to launch the payment within the next few days. "

He explained that" the government wants a serious mechanism in order to maintain dedicated to supporting the private sector money, on the grounds that the money they put given in the last period has not been exploited properly, after the ministry concerned has refused to take responsibility for giving loans. "

among al-Maliki that" the government has formed a higher committee of the Council of Ministers holds the mechanism and the work of giving loans in cooperation with the Central Bank of the government and the economic Commission.

but did not activate give these devoted to agriculture, industry and housing loans. "

he noted that" the mechanisms set by the government will be different from its predecessors in terms of interest or mutual obligations of the borrower and the government, given that the interest rate cut, in addition to that, when given the loan should be completed by the project to 30%. " He is stressing that "the state has committed up points and control to secure these loans, so as not to be vulnerable to corruption and looting."

The Economic Adviser to the Prime Minister the appearance of Mohammed Saleh announced in September / September last, all wait in the disbursement of the five Iraqi Central Bank loans trillion dinars for banks ( agricultural, and industrial, and real estate).

he said that the funds exist, but we want to actually go right economic purposes in agriculture, industry and housing sectors, and this is what made ​​us stand back out a bit but it remains to launch important and we want estimated accurately.

the crisis cell passed on August 24 / August last program lending is funded by the Iraqi Central Bank amounting to five trillion dinars for the sectors of industry, agriculture and housing, as instructed Prime Minister Haider al-Abadi immediately proceed with the required procedures.