Economist warns of large whales are trying to possession of the industrial loans

Special - scales News - He stressed the economic expert Abdul Hassan al-Shammari, Tuesday, that the Prime Minister Haider al-Abadi complained of the large whales corruption attempts to acquire industrial loans, calling for the development of high corporate governance mechanism for the delivery of these loans to the beneficiaries actually.

Al-Shammari said L / scales News / "The Prime Minister Haider al-Abadi met us, last Sunday, and assured us that he was serious in the distribution of industrial loans on the Iraqi Industrialists, but the large whales corruption want to acquire these funds," pointing out that "this the money will not go to those who will benefit economically and the adoption of Iraq, but will go to the heads of corruption."

Economist and added that "student-Abadi during the meeting to establish a mechanism and high corporate governance in order to deliver these loans to beneficiaries actually to supporting the economy through industrial, agricultural and housing sector," noting that "the problems with the three industrial, agricultural and housing banks, managers need to overcome to lift obstacles in front of the distribution of loans, because there is considerable disagreement between the Iraqi Central Bank and between these banks about the safeguards that must be provided on these loans."

Shammari pointed out that "in all the world in the economic sectors, there are no guarantees, but the project itself, but Iraq must submit a very large guarantees of drugs and this is available from manufacturers, but are available from the corrupt, where they own a condominium and property in Iraq," he said. " In this case, the corrupt have the potential to provide guarantees Iraqi and industrial real does not have this possibility, so we need in the coming period to deal with these things because they are things that are very important in order to put the loan in the right place."

The "Committee for Services and Construction parliamentary member Mohammed al-Masoudi, for detecting / scales News / earlier, all governmental and parliamentary efforts to address the housing crisis through some legal and legislation through soft loans to citizens."

It is said that "the Council of Ministers decided to lend to the housing fund from the Rafidain and Rasheed amount of a hundred billion dinars to support lending to citizens for the purpose of bearing housing with the Ministry of Finance legal interest and in coordination with the Minister of Finance."

He revealed: "Commission of Economy and ages parliamentary member Harith al-Harthy's / scales News / earlier, the formation of specialized committees to oversee the distribution of loans to citizens."

It is said that "a member of the economic and investment commission parliamentary Najiba Najib confirmed L / scales News /, earlier, said that the launch of small loans came to activate the private sector further and revive the financial budget for 2016" .anthy 29 n / 10