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Adviser to the Prime Minister classifies loans into two types and recommends granting them to productive groups
Economie Yesterday, 11:55
Baghdad - Conscious - Amna Al-Salami
Today, Thursday, the advisor to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, classified the loans provided by banks into two types, and while he indicated that one of them drains the country's wealth, he recommended granting loans to the productive forces. Salih said to the Iraqi News Agency (INA), that
"loans provided by banks, which are called bank cash credit, are classified into two types. Factors of production, particularly labor force, capital and related production inputs. He added,
"This will contribute to
increasing the annual real economic growth and
maximizing the added value in the national economy as a whole,
whether in the areas of
agricultural activity,
digital services,
industry,
building and construction, and
others." And he continued,
"There are loans of a consumer nature that stimulate the demand for consumer goods and services," explaining that
"the problem of loans related to consumer spending, if it is not linked to the local production of goods and services and leads to activating the derived demand for factors of production through growth,
then it will fuel the derived demand as a result of Expenditure resulting from consumer loans in spending on goods and services of foreign or imported origin. He stressed that
"this is what makes this type of loan of a consumer nature that drains the country's wealth and strengthens growth in other countries,"
calling on "the banking system to grant credit or loans to the truly invested and productive forces in the national economy, and at rates that exceed lending for consumption purposes, especially in a situation
Our current country depends on its consumer spending on imported goods and services on a very large scale.
https://www.ina.iq/179552--.html
Economie Yesterday, 11:55
Baghdad - Conscious - Amna Al-Salami
Today, Thursday, the advisor to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, classified the loans provided by banks into two types, and while he indicated that one of them drains the country's wealth, he recommended granting loans to the productive forces. Salih said to the Iraqi News Agency (INA), that
"loans provided by banks, which are called bank cash credit, are classified into two types. Factors of production, particularly labor force, capital and related production inputs. He added,
"This will contribute to
increasing the annual real economic growth and
maximizing the added value in the national economy as a whole,
whether in the areas of
agricultural activity,
digital services,
industry,
building and construction, and
others." And he continued,
"There are loans of a consumer nature that stimulate the demand for consumer goods and services," explaining that
"the problem of loans related to consumer spending, if it is not linked to the local production of goods and services and leads to activating the derived demand for factors of production through growth,
then it will fuel the derived demand as a result of Expenditure resulting from consumer loans in spending on goods and services of foreign or imported origin. He stressed that
"this is what makes this type of loan of a consumer nature that drains the country's wealth and strengthens growth in other countries,"
calling on "the banking system to grant credit or loans to the truly invested and productive forces in the national economy, and at rates that exceed lending for consumption purposes, especially in a situation
Our current country depends on its consumer spending on imported goods and services on a very large scale.
https://www.ina.iq/179552--.html
