Researcher warns the central bank to keep its funding from retail 10/19/2015
Researcher warns the central bank to keep its funding from retail
10/19/2015 0 Comments
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - warned economic researcher Raad Twigg, the central bank to keep its program to finance small and medium projects for funding projects related to retail loans, calling for a focus on productive projects that meet local needs to produce national.
He recommended the Prime Minister for Financial Affairs Advisor to the appearance of Mohammed Saleh, the central bank to continue its program to finance small and medium enterprise loans to citizens and lend again after recovery, to stimulate the economic cycle. Said Twigg's (IMN), that "the Central Bank's program to finance small and medium enterprises loans, add new offered by the Bank for the development of the Iraqi economy and move in and out of the ring recession." He said he "could use a portion of those loans to finance industrial projects stalled because of its leading role in the march strategy for Iraq." Specialists believe that this financing program, can promise a nucleus for the establishment of a permanent fund for development or contribute to the development of the international organizations in the future bank.