Parliamentary economy is lending mechanism transferred the task of the Iraqi economy and calls to reduce import "unjust"

by **Ponee** Mon Sep 07, 2015 11:11 am

I went back to the Committee of Economy parliamentary and investment, on Monday, industrial, agricultural and residential lending mechanism adopted by the crisis cell in the Iraqi government shift the task of the Iraqi economy, as expressed optimism down the government in its program to reform the economy and the advancement of the industrial sector, called for reducing import unjust and encourage the Iraqi Product Export .

Parliamentary economy is lending mechanism transferred the task of the Iraqi economy and calls to reduce import "unjust" 12328

Investment projects in the capital Baghdad Imaging (Mahmoud Raouf)

Committee Chairman Jawad al-Bolani said in an interview to the (long-Presse), "The industrial, agricultural and residential lending mechanism approved by the crisis cell in the Iraqi government shift the task of the Iraqi economy," noting that "these loans will develop the national industry of agricultural and residential sector and opening up new prospects for the national economy." .

He said al-Bolani, that "this initiative will change the unfair policy of import against Iraq," stressing the need to "reduce the import of materials that can manufacture in Iraq and give incentives for industrialists and industrial projects and investment."

He called al-Bolani, "Economic Committee of the Council of Ministers to encourage the export of the various materials that can be issued," and expressed, optimism "constantly in the government program for the reform of the Iraqi economy, particularly the promotion of the industrial sector and its development."

The Chairperson of the Committee of Economy and parliamentary investment, that "there are committees governmental and parliamentary problem will monitor the disbursement of these loans and projects implemented on the basis", stressing that "the loan does not mean to give money directly to the beneficiaries, but will allocate funds for the purchase of productivity, machinery and equipment lines and the introduction of modern technology."

The (long-Press), published on Monday (September 72 015), industrial, agricultural and residential lending mechanism approved by the crisis cell in the Iraqi government during the month of August for the purpose of implementation Here are the instructions for the text of the lending mechanism.

The Office of the Prime Minister announced, on Sunday (September 62 015) of the banks sector amounting to five trillion dinars loans exchange controls, indicating that the industrial and agricultural banks obtained the 66 percent of them equally, while all of the Land Bank and housing fund got 17 percent each and every one of them.

The cell crisis, adopted (23 August 2015), lending which is funded by the Iraqi Central Bank in the amount of five trillion dinars for the sectors of industry, agriculture and housing program, while instructed the Prime Minister, Haider al-Abadi, immediately proceed with the necessary procedures.

The central bank announced, in (the eighth of August 2015), the launch of an initiative to support the agricultural, industrial and real estate sector and housing fund banks with loans amounting to five trillion dinars, while counting the initiative "a good step" for the recovery of the economic situation and liquidity, confirmed they come to avoid foreign loans.

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