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Al-Sudani directs Al-Rafidain and Al-Rasheed Banks to grant loans to this group

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Al-Sudani directs Al-Rafidain and Al-Rasheed Banks to grant loans to this group
 
money and business
Economy News - Baghdad

On Monday, Prime Minister Muhammad Shayaa al-Sudani chaired a meeting devoted to discussing and following up on the implementation of the “Riyadainitiative for development and employment, concerned with supporting students and youth groups, which was launched by al-Sudani on March 4.

In addition to the initiative team, during the meeting, the measures taken, the roles of the concerned official authorities, and the extent of progress made in this path were reviewed.  Al-Sudani affirmed,

"The government's adopted approach is committed to caring for young people and working to rehabilitate them with the aim of putting them in the labor market and providing them with the required skills and experience."  He stressed

"the need to overcome the obstacles facing young people wishing to obtain bank loans, in order to launch their own small projects, and

to simplify the procedures in front of them, whether in obtaining training or in requesting loans," stressing

"the importance of accurate targeting to give young people a real opportunity to build hope, based on the results." their thoughts and actions.

The Prime Minister directed the Rafidain and Al-Rasheed Banks to "grant loans to young people who have completed the training courses and wish to establish their own small projects."  The statement indicated that

"the initiative team will send invitations to participate to registrants early next week, and the number of applicants for the initiative has so far reached 80,167 applicants from students, 39,581 from graduates, and 62,897 from job seekers."


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