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The central bank's proposal on investors is a dangerous precedent that can not be bypassed DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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The central bank's proposal on investors is a dangerous precedent that can not be bypassed

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The central bank's proposal on investors is a dangerous precedent that can not be bypassed Empty The central bank's proposal on investors is a dangerous precedent that can not be bypassed

Post by RamblerNash on Mon Aug 05, 2019 12:08 am

The central bank's proposal on investors is a dangerous precedent that can not be bypassed

The central bank's proposal on investors is a dangerous precedent that can not be bypassed Image

04-08-2019 07:30 PM

Pagoda / News:
warned the leader of the coalition of state law , MP Adnan al - Asadi said the proposal made by the Iraqi Central Bank to reduce interest on loans for investment projects in the past years by 50% and the government shall pay the difference , which could reach millions of dollars is a precedent Serious.

Al-Asadi said in a statement received by the "news" that the above is a dangerous precedent, which carries the treasury of large amounts of unspecified and at the same time a clear denial of public money and even reward for some of the defaulters.

Al-Asadi pointed out that the basic condition in granting the loan to the investment or development project is the commitment of the borrower to implement the project and its operation and to repay the loan with the benefits of it because the donor banks are committed to laws and regulations aimed at developing their sources which is an important part and engine of the economic situation of the country.

Al-Asadi stressed that "these principles and the facts recognized after years of the work of these projects and investment (where some of them have a huge profit on the owner), what is a serious work must be stopped

and repelled .. And al-Asadi" There is mist and lack of transparency do not know the specific time period ; And from the investors contractors ?? And the benefits of them ?? And the quality of the implemented projects. Therefore, we keep a detailed reservation on this record and warn of any step towards its adoption or inclusion in the General Budget Law as planned is a threat to the interest of the people and waste of public money. We will take all legal measures from within the parliament to stand against these recommendations.

Al-Asadi called on the Council of Ministers and the Committee on Economic Affairs in the Council of Ministers to reject this proposal and re-examine it from competent bodies in the expanded committees taking into consideration the public interest and supporting serious investors who have carried out development projects and suffered clear and confirmed damage in numbers and a supporter of the concerned authorities. In the House of Representatives.

http://www.ikhnews.com/index.php?page=article&id=196381
RamblerNash
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