Central Bank loans will promote productive sectors and housing

varied representatives of the legislative and executive branches views regarding the loan of 5 trillion dinars launched by the central bank, while the number of members of the House felt that the opportunity to promote the sectors of industry, agriculture, housing, executives voiced fears exploited improperly , The two sides agreed to call to find an appropriate mechanism to ensure the achievement of the objectives of the loans for which they were prescribed.

Chairman of the parliamentary agricultural committee Furat Al-Tamimi called for a strict mechanism in the distribution of the 5 trillion dinars loan enables the advancement of the agricultural sector be like its predecessors does not, pointing out that the Kurdistan region outside the agricultural initiative.

The Park-Tamimi, in a statement »Sabah», «central bank's move to lend Agricultural Bank 2 trillion Iraqi dinars », adding that« the loan will contribute to the development of the agricultural sector ».

Tamimi added that« the distribution of loans mechanism according to the Constitution will be according to population ratios and also the agricultural space available and opportunities », and had alerted to the need to know who or entities that oversee on the implementation of the projects, he noted that his committee and through its members will be involved in follow-up implementation.
The Chairman of the parliamentary agricultural committee that «the agricultural sector has not developed despite monitoring agricultural initiative the amount of two billion dollars since its inception in 2008 to now», stressing the need to «check These loans are its objectives ». the distribution of loans mechanisms member of the parliamentary finance committee Hossam punitive, for its part, agreed with his colleague opinion in emphasizing the need to develop and guarantee mechanisms in the distribution of these loans, stressing parking members of the House of Representatives with this initiative to revitalize the industrial, agricultural and housing sectors. He said punitive, in an interview for »morning», that «stimulate the private sector requires activation of these sectors for the operation of the workforce unemployed and the transition from a yield economy unilaterally to diversify sources of income», indicating that «the distribution of the loan amount between the sectors mentioned are evenly among them an increase of 33 percent each sector ». He punitive that« loans will be distributed to small loans amounting to 500 million dinars and medium to 2 billion and large to 20 billion », demanding b» activate protection product and consumer protection for the success of this initiative law ». economic revolution, in turn, Deputy Chairman of the Economic Committee Parliamentary Harith Chanchal Harthy said the loan will generate a major economic revolution in the event was directed and invested properly. He explained Harthy »Sabah» that «for this loan of great benefit if invested well and will be able to achieve a great leap in the country's economy», expressing the hope that the «disposal of these funds properly, especially in the industrial sector and that is created production lines industrial and workshops on the one hand and take advantage of the Agricultural Bank in the development of agriculture, improving agricultural Mountojat meet the needs of the local market». On the other hand, members of the executives did not hide his concern over the failure to meet this initiative disappointing which was launched for it, arguing the possibility of loss of money to waste on bogus projects. Council Baghdad head of the Baghdad Provincial Council Riad dentex draw attention to the federal government's handling of duplicity in these loans, adding that the launch of these loans aims to find a private sector «new» while they In parallel «kill» private sector is present originally. and between dentex, in an interview for »morning», that «we have in the province, about 650 companies have become paralyzed and left the activities that were carried out because of their inability to pay dues that are overwhelmed under the burdens», pointing out that «the federal government omits the private sector, President and headed to a new private sector to eliminate unemployment». The dentex that «large amounts of money spent on the previous agricultural initiative did not achieve any little development, and now the matter be returned from new agricultural and industrial initiative and housing», urging the «adopt a plan to respond to the needs and requirements of the market and the evolution of investment».

and the keenness of the President of the Baghdad Provincial Council to recall need the country to invest in the health sector, especially with what is going through this sector of the very major crisis as a result of reducing the budget, pointing out that «the activation of the public sector in turn will reveille and develop the production of the private sector ». Minister of Industry while he and Minister of Industry Mohammed Darraji feared in the waste of this amounts to is the purpose of which was launched for it, calling to be there a feasibility study for each industrial project submitted and evaluated by the Ministry of Industry. He said Darraji's »Sabah» that «these loans are important for the development of the economy and move the wheel of the country, adding that« We must ensure the proper disposition and go to the party that have been given and make sure production lines that are the country needed them ». He explained Darraji that« more raises fears to go these amounts for other purposes other than those fired from it, or to be production lines or machines priced too high and thus loss amounts teams without knowing where the money goes », pointing out that« the industrial sector loan is the third of the amount unleashed by the Central Bank of any one billion and 700 million dinars, if used properly will stir wheel production ».agdir mentioning that the parliamentary Finance Committee and the Central Bank held yesterday, the first discussion of economic symposium under the title« loan 5 trillion dinars mechanism and the reality of the application and its impact and economic sustainable development »in the presence of a number of political and economic figures and agricultural.

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