Al -Ghazi is directed to study the proposals to amend lending controls and raise recommendations within ten days
Economie Today, 13:30
Baghdad - conscious - Amna Al -Salami
The General Secretariat of the Council of Ministers announced today, Saturday, the discussion of amending the lending controls for industrial projects, while clarifying the approval of approval to lend to small and medium enterprises.
A spokesman for the General Secretariat, Haider Majeed, told the Iraqi News Agency (conscious) that
"there are several initiatives launched by the Central Bank of Iraq to
lend citizens with easy benefits as well as an initiative to
lend to investors in the sectors of industry, agriculture and housing for large projects, in addition to the initiative to
lend citizens to purchase housing units to encourage To build housing units, including
granting loans to citizens who have been in housing plots within the (Dari) initiative launched by the Prime Minister.
Majeed added that
"the Secretary -General of the Council of Ministers, Hamid Al -Ghazi, heads the Supreme Committee for the Leading of Big Enterprises, and
it continues with its meetings to discuss the projects that are presented to them in order to provide facilities and simplify procedures,
and constantly stresses the importance of simplifying procedures for granting large loans to investors and industrialists,
to finance projects (residential (residential And service, industrial, and agricultural) within the initiative of the Central Bank of Iraq,
which would contribute to developing the industrial and commercial reality in Iraq, and providing job opportunities for engineering, technical, administrative and service energies. The committee recommends during its meetings. He continued:
"The committee also discussed recently the
amendment of the lending controls for industrial projects, and the
involvement of discreet private banks to implement documentary credits, in order to enhance competition and reduce lending costs for borrowers." He pointed out that
"the Secretary -General of the Council of Ministers directed the formation of a team of members of the committee, to study the proposals submitted and submit their recommendations within ten days,
in a way that does not contradict the controls and instructions of the Central Bank of Iraq, for the purpose of deciding and approved them."
Regarding the loans for small and medium enterprises submitted by citizens, Majeed said that
"after providing the committee by studying the feasibility of the project, and all the required requirements, the
approval of lending to implement the project takes place, and to
provide all banking facilities, and
these projects contribute to supporting the local product and operating the workforce."