Abadi: We will not hesitate to hold accountable for negligence in the implementation of lending to industrial and agricultural projects, housing initiative expanded
20151212


{Baghdad: Euphrates News} Prime Minister Haider al-Abadi warned Saturday {strongly} of placing obstacles that slow down implementation of lending for industrial and agricultural projects, housing initiative, noting that "intended to get the economy moving and to diversify its sources and reduce unemployment rates so it will not hesitate to negligent accounting."
The Prime Minister Haider al-Abadi in the annual Iraqi banking conference he delivered on his behalf and Planning Minister Salman Jumaili saying "shadow sector bank meets Iraq sectors government for decades and with the confidence enjoyed by the Central Bank of Iraq and the limited number of State-owned banks, but the political and economic comprehensive change the requirements laid This sector face great challenges. "
He said that "the emergence of many activities within the banking Kalkda banking and project finance, investment and financial development of the whole administration Buladr Agdihdh but they need to establish and sustain," noting that "in the reforms package was the most important Matbenninah development finance sector through the issuance of Mjnmuah of measures and policies that emphasized the implementation and follow-up. "
And he finished by saying, "Today is going through Iraq circumstance Mali difficult as a result of lower oil prices at a time of ASTM economy as a unilateral over many decades, but we believe and on the principle of a silver lining to that the time has come to activate the economic, agricultural and tourism sectors and others also pursue a new philosophy of state based on a free economy and on Privatization is supposed to action this transformation supports the emergence of a strong and efficient banking sector. "
He stressed that the conference that "being an objective review of the problematic that got in some private banks, which harmed the interests of its customers and weakened the confidence to deal with such banks," explaining that "banks and financial institutions today is the engine more important to the economy, development and reflected the strength of this sector in many countries Mtnanh on the economy. "
The Prime Minister expressed the hope of this conference that talked leap in the quantity and quality of banking activity in Iraq, and about the transformation of advanced technologies methodologies work was essential in this area. "
He said he "fired a few days before lending for industrial and agricultural projects, housing initiative in the amount of five Trelioat dinars, as well as 1.5 trillion dinars for small enterprises was established between the government and the Central Bank of Iraq cooperation played an important role in the success of this initiative and we are determined to take serious steps to make it work."
He concluded by saying that "these loans will be spent by specialized government banks, but the government is determined to activate the role of private banks and what we plan to do, but we strongly caution against placing obstacles that slow down implementation goal get the economy moving and to diversify its sources and reduce Batalhy rates so it will not hesitate to negligent accounting." is over

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