Baghdad, Alaa al-Tai
An official in the General Secretariat of the Council of Ministers, as government efforts to establish an integrated electronic system of his mission to organize loan administration allocated by the government for the development of a number of sectors, including housing, agriculture and industry process, as well as small projects for young people and the unemployed.
The government official said in a statement »morning» yesterday: «It will be through the implementation of this project, the process of streamlining the government lending program which is funded by the Iraqi Central Bank amounting to select six trillion dinars for the sectors of industry, agriculture and housing procedures» He explained the official in his speech, that the said digital system «contains special forms The three banks (industrial, agricultural and real estate) specialized to grant loans to the concerned authorities of the citizens, that will control the movement of data, and authentication of health and the prevention of fraud or abuse of the money «.
official (who asked not to be named) for not authorized to declare to the media , stressed that «the granting of these loans between banks and the beneficiaries of borrowers management process will be through a project to simplify government procedures, which recently launched by the Government», adding that «loans circle small, medium and large projects, too, will go on according to the conditions fixed and standards set by the Central Bank of Iraq for this purpose". He also noted that «there will be training courses for the staff of the civil and government banks alike, to train them on the borrowers data entry system and how to verify the information electronically, to avoid manipulation or fraud or pass transactions to repeat borrowing from banks, as well as to simplify procedures and ensure the recovery of funds from beneficiaries.»
It is said that the government encouraging initiative launched on borrowing in the month of August, allocated under trillion dinars, small and medium-sized enterprises, and another five trillion large to support the private sector and stimulate the economy of the projects and cemented administrative proceedings.
He noted the official, speaking, that «Total Quality Management Department and institutional development in the General Secretariat of the Council of Ministers, held a meeting to discuss the Iraqi Central Bank's initiative on private funding the project, which has allocated six trillion dinars small, medium and large projects », adding that« the government lending program aimed to revive the economic cycle in the country ».
The cell government crisis headed by the Prime Minister, Dr. Haider Abadi passed almost two months ago, the lending program, which is funded by the central bank, by six trillion dinars for the sectors of industry, agriculture and housing.
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