Industrialists: views addressing industrial initiative and trying to acquisition

Industrialists: views addressing industrial initiative and trying to acquisition

2016-03-20

BAGHDAD / JD / .. after it announced the Federal Government on the implementation of the industrial initiative through the launch of loans by the central bank to private banks in order to support the private industrial sector,

BAGHDAD / JD / .. after it announced the Federal Government on the implementation of the industrial initiative through the launch of loans by the central bank to private banks for private industry support, rejoiced industrialists to investigate this initiative real goals to revive the national industry, but it seems that this initiative go to non-beneficiaries of traders and businessmen rather than industrial or unemployed, according to a number of Iraqi industrialists, accused of multiple views to address this initiative and seek to acquire them.

The expert in the Industrial Affairs Abdul Hassan al-Shammari, said there was no real industrial initiative on the ground, and that everything that is said in the media by officials just words without action.

He said al-Shammari told / KD /: There are two initiatives announced officially reported by the government, but it has not been applied effectively, including loan trillion and a half trillion dinars by the Central Bank of the sectors of agriculture, industry, housing, and the project other support industrialists and the unemployed with soft loans was launched Bank Central and $ 5 trillion to private banks.

He pointed out that those loans did not reach the intended recipients, but there are multiple parties are trying to address these initiatives and the acquisition of the loans, it follows the banks any industrial not granted or unemployed state the amount of the exception who has knowledge with these banks, in addition to the launch of the traders and businessmen, not industrialists.

He explained that when the government launched these initiatives did not lay down the conditions and mechanisms and the necessary instructions in order to be a soft loan, noting that each bank is developing its own conditions so that makes complex guarantees and no one can get those loans.

It called on the central bank to issue clear instructions and conditions of the private banks on these loans to ensure the delivery of those loans to the beneficiaries.

For its part, he stressed member of the Committee of Economy and Investment parliamentary MP Najiba Najib on the need to issue clear instructions by the central bank obliges industrial initiative for granting loans to beneficiaries banks, with negligent accounting.

She said Najib told / KD /: he must compel private banks to grant loans are concessional and concessional guarantees also to enable the industrialists or the project owner to obtain the loan in accordance with the conditions and instructions issued to ensure the delivery of loans to the beneficiaries.

She said authorities must impeding the implementation of this national project accounting, which would support the private industrial sector, whether banks or persons.

The federal government announced earlier, the launch of the industrial initiative funded by the Central Bank to grant soft loans to Alsnaaan by private banks easy, accessible and guarantees for the private sector to support local industry. / End / 8 /