Economist calls for the restructuring of specialized banks in Iraq
9/13/2015


Economist calls for the restructuring of specialized banks in Iraq

Press direction / special She said economist Majid picture that the launch of loans by government banks step in the right direction and aimed at raising the burden on the public budget.
In an interview with the picture "direction Press," he said that the launch of the loans is an attempt to walk the economy and raising the burden on the public budget due to exceptional circumstances through which Iraq.

He explained that the picture is supposed to be the exploitation of this event in the economy and that the move is in line with a host of other government measures that are in this direction.

He added that the picture is necessary to restructure the specialized banks, but we will get the same as the previous results. Indicating that the Agricultural Bank of experience witness the fact that the money spent without achieving development results.

It is said that the Information Office of the Prime Minister Haider al-Abadi, announced the launch of the final approval of the granting of the industrial, agricultural and housing loan in the focus of economic reform mechanisms.

Office said in a press statement followed the "Press direction" that "based on the first package of reforms presented by the Prime Minister Haider al-Abadi, in economic reform axis to stimulate the economy in the country and run the unemployed, the crisis cell approved at its sixth meeting on 24 - 8-2015, headed by Prime Minister lending mechanism in the industrial, agricultural and housing area, "explaining that it" will be awarded in accordance with the instructions issued by the Central Bank and other banks. "

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