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Financial Advisor is expected to rebound 200 "paragraph on" government housing loans and real estate
Baghdad / Zahraa Hamid -mady
Financial Advisor is expected to rebound 200 "paragraph on" government housing loans and real estate
Baghdad / Zahraa Hamid -mady
Financial advisor to the Prime Minister Haider al - Abadi expected contribution of the housing fund and bank mortgage loans run 200 different paragraph work and revive thenational economy. The Economic Committee in the House of Representatives confirmed that such loans " will serve the citizen and being able to cope with the housing crisis", she pointed out that the real estate bank loan "broader and more flexible" and can be accessed from most other banks. He said the appearance of Mohammed Saleh, in aninterview to the (long - Presse ), said that "housing fund loan differs from that given by the Land Bank , " noting that " the Land Bank specialist a Finance Ministry while the Fund under the Ministry of housing." Saleh added that "housing fund loans were interest - free, but the receiving funding from the central bank estimated B850 billion dinars, forced him to impose interest rate of 2%, especially since the loans amounting to 50 million dinars, long lasting, up for repayment of five years , subject to extension , "adding that the" loans involving the economic benefit of the country as contributing to run the 200 paragraphs of work different from the pigment into mourning and others. " and on the land , which the cabinet decided to distribute to citizens, the financial advisor for Ebadi stressed that" the Ministry of Finance will develop their own instruction incooperation with local governments , "pointing out that" the distribution of these lands will be serviced to invest the empty spaces areas within cities, sorted and sold. " for her part, said a member of the economic and investment commission in the House of Representatives Najiba Najib, in an interview to the (long -Presse)," the Karza housing fund and bank mortgage both are reserved for construction, construction and ease the housing crisis , "noting that" the loan fund housing is an interest - free because the rate of Monday percent imposed for administrative matters. " Najib explained that" the Land Bank loan broader features greater flexibility granted by the housing Fund, and can be accessed from most of the other banks Kalravedan also rational ", usually that" loans serve the citizen and Imknanh from the face of the housing crisis. " In turn, the economist said Uday Abdul Amir Amir, in an interview for the "long", " The launch of private housing loans is an encouraging step for moving the local market with all the vital joints, which was paralyzed as a result of the economic crisis." He added that " the multiplicity of granting housing loans to citizens outlets contributes in the operation of approximately 500,000 individuals in most of the service and professional sectors and others ,which reduces the large unemployment rate. " said Amer said" the granting of the citizens loans riddled withsuspicions of corruption as a result of blackmail staff in some government banks for citizens to meet stroll transactions , which can be delayed for months without operations they receive the loan. " He said the " rampant corruption in the joints of the government financial departments represents a major obstacle to thecompletion of their lending to citizens and thus go what 20% of the loan amounts into the pockets of corrupt one way or another without achieving the objective basis for the process of lending. " the Prime Minister Haider al - Abadi sincere ( the ninth of March 2016), to lend the special housing fund loans , the central bank's five trillion Iraqi dinars mechanisms. The required distribution of loans standard adoption population ratio and the degree of poverty for each province mechanism, also stipulated that the loan no more than 50 million paid to the beneficiary in two installments. It is noteworthy that the Council of Ministers announced, in (31st May 2016), the launch of the distribution of land to citizens in a manner installment and conditions of"soft", and briefed on the launch of the electronic program industrial, agricultural and residential loans mechanism.
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