Starting small business lending summit illimitable 3/16/2016
Starting small business lending summit illimitable
3/16/2016 0 Comments
BAGHDAD - morning business summit lending illimitable opened a tiny eighteen years - the prospects for innovation in financial inclusion - organized by the Khalifa Fund for Enterprise Development and the Arab Gulf Programme for Development (AGFUND), and the campaign of Microcredit in cooperation with the Arab Monetary Fund during the period from March 14-172016 in Abu Dhabi , the state of Arab Emirates United. The Director General Chairman of the Arab Monetary Fund Dr. Abdulrahman bin Abdullah Al- Hamidi, at the opening session of the summit which was held under the patronage of Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Executive Council of the Emirate of Abu Dhabi, the growing importance of enhancing financial inclusion in the Arab countries and attention to projects ultrafine and small and medium - sized, in the light of the significant need to develop strategies to achieve the most comprehensive economic growth , which helps to cope with the challenges of unemployment and promotes justice and social. He noted Hamidi said in a statement to the Fund , seen by the «morning» to the authorities ' efforts in the Arab countries in recent times about the quest for the adoption of policies and tools that help improve financial inclusion indicators and access to finance and financial services, conscious of the needs of most in this regard in light of the low financial inclusion indicators Arab region in comparison with regional groups other. , and between that, according to the statistics of the World Bank, there are about 16 to 17 million small and micro enterprises in the Arab region, does not allow them access to finance and financial services opportunities Alsmh.oohar Hamidi to these relatively low numbers, reflect or linked to, in fact, high unemployment rates in the Arab region, the highest among the regional groups at youth level, that link, according to the Arab Monetary Fund to about 28 percent among the Arab countries in 2015 (class of 16-25 years), compared to 12.4 percent the level of the world. the women in the Arab region level, the percentage rises to 43 percent, compared with 12.7 percent only on the level Alaalmi.ofatt that the AMF under Strutijeth coming years pays great attention to financial inclusion, which included strategic initiatives and activities multiple, aims to contribute to the promotion of access to finance and financial services in the countries opportunities Arabic. BAGHDAD - Farah pumice
In line with government reforms on the economic side and its plans to revitalize the domestic industry, an industrial specialist called to speed up the granting of loans to owners of industrial enterprises to modernize their lines Productivity.
A competent Mahmoud Alloush in a statement »Sabah»: The «Iraq was wasting its resources on consumption by opening the Iraqi border for all goods from the countries of the world , whether good or bad», hello application of the tariff , which stressed the need to meaningfully enforced law .
the Director General of the Ministry of Finance Kazim Ali said in an earlier statement »Sabah»: the decision to apply the tariff does not return it, being the head part and important part of the reform plan and economic.
stressing that revenues began to multiply dramatically after the application of the decision.
he said Alloush that Iraq had 36,000 small industrial project and the average follow the private sector, they were the products cover a part of the local market need and some of which was available for export.
he called for the revitalization of national industries and promotion in order to fill the need of the market, as well as its contribution to job creation the absorption of manpower to eliminate unemployment, as is the case in many countries of the world that accompanied the progress and global development of its products and the requirements of its markets as a result of the support of those governments and the private to the sector as in industrial countries major.
he attributed the relevant reasons for the deterioration of national industries to the obsolescence of equipment and machinery and equipment used in production , along Alttoralhasal the world 's preoccupation with Iraq at the absurdity of the wars carried out by the former regime, but after the change began the Iraqi economy , the direction and turn it into a market economy, but it did not provide adequate support to the private industrial sector to promote it and develop national product similar to the agricultural initiative.
However , he welcomed the current trends for the advancement of the economy by granting loans to upgrade the industry local.