Samir Alnasiri proposes several measures to ensure its success
counting economic Samir Alnasiri member of the Baghdad forum CBI initiative in the allocation of the amount trillion dinars for program financing of small and medium enterprises the right to work.
He said in an interview with "morning": that the allocation trillion dinars to finance projects small, medium and adopted by private banks and in cooperation and coordination with the Iraqi private banks association represents a move designed primarily to achieve sustainable economic development, support and financing of small and medium enterprises and the reduction of unemployment for young graduates producers within the work and people with occupational and professional and technical skills with the ability to establish and manage product project age in the agriculture sectors of the economy and the industry, housing, trade, tourism and health.
He noted that the activation of the mechanisms of implementation of the project needs to be a set of quick actions in cooperation and coordination with the banks and to ensure that the mechanism of successful project implementation and success and development Pmaahakq central goal.
Alnasiri suggested that action may be taken and securing executive requirements of the application The program effectively and practical, is also given the role of the Iraqi Company for financing small and medium enterprises existing as a specialist and charged with the management of the project that includes the allocation amount for banks wishing to stage the first trial to prove the success of the application of the instructions issued by the Central Bank of Iraq and for the remainder of 2015.
He pointed to the importance of reconsider study program, instructions, applications and successes and failures that I got to get to the visions and instructions for new 2016 adopted by the Council of the Iraqi Central Bank administration in particular, and it currently represents the supposed consultation and opinion, partnership and cooperation in making decisions on the applications of monetary policy, the private banking sector.
Alnasiri between the importance of creating a new structure within the organizational structure of the Central Bank of Iraq include the establishment of a unit or department Odairh to manage the amounts and the distribution of funding, monitoring and evaluation of the application of the financing of small and medium enterprises program in accordance with the operational instructions issued and the window is called (development finance fund administration), or as it is called now (National Finance Fund).
urged to identify Standards definition of small and medium enterprises based on standard numerical workers in or sectoral standard and is placed controls limits lower and higher lending according to the importance and its impact on the economic development of the project, included Productive Families popular and heritage industries and stereotypes, sewing and encourage the feminist element in the establishment and financing of these projects where Statistics indicate that The proportion of women Products Crops loans to finance small and medium-sized their businesses no more than 13 percent of the total recipients of these loans. Alnasiri stressed the importance of re-financing the distribution of balanced proportions to serve the economic development of economic sectors and non-Turkazaaly finance consumer and unproductive nature of projects where Statistics indicate that commercial loan accounts for 53 percent of the total previously funding granted loans while finance housing loans 3 percent and the agricultural 5 percent and health 3 percent. The student reconsider rate of interest on the loan, which realized the central bank, banks and the guarantors that no more than 4 percent instead of 5.5 percent and the duration of repayment loan of not less than 5 years instead of 3 years and can finance the project a second time in the case of repayment of the loan for less than the period Aamahddh for the purpose of development. He said that the special economic circumstances experienced by Iraq due to falling world oil prices and the war on terror has made the Iraqi economy suffers from additional problems the most prominent of the financial crisis, the public form and liquidity crisis, a special form what ails government and private banks now in addition to the lack of control on a balanced exchange rate of the Iraqi dinar against the US dollar encouraged speculators and users in the cash trading to manipulate the economic situation market.
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