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Iraq presents a five-year strategy to employ the unemployed
Economy News - Baghdad
The Parliamentary Economy and Investment Committee disclosed a new strategy for 5 years to provide job opportunities for the unemployed, while clarifying that it includes granting soft loans and establishing industrial and service projects.
Committee member Nada Shaker Jawdat said in a statement reported by the official "Al-Sabah" newspaper and seen by "The Economy News", that "the new strategy aims to activate the productive sectors, such as agriculture, industry, housing and other service and investment projects, in order to provide job opportunities for the unemployed," noting that it "Executed over 5 years."
She added that "it is implemented by granting soft loans to unemployed youth; every 7 or 10 people can be granted a financial loan of 100 to 200 million dinars, to create a small factory to produce consumer material, after providing an integrated economic feasibility of the project."
Jawdat pointed out that "the government protects the product by preventing imports and obliges ministries and governmental and non-governmental agencies to contract with these factories to purchase their products in order to encourage the national product."
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