The possibility of achieving the economic integration of the country

4/14/2016 0:00

BAGHDAD - Farah pumice
Saw economist Adel Abu loaf need for the loans linked to sectoral policy to achieve economic integration and to ensure the success of the mission strategies that the government first began its steps in order to activate the economic reality in Iraq. The government is seeking through its document reform to promote the economy by granting loans to productive sectors to rotate the wheel of development in the country.

And confirms Abu loaf, said the loans adopted by the central bank have been distributed among the sectors in varying proportions, and the share of the industrial 33 percent, but this figure is low because it will be distributed among the provinces, so it will no doubt be the loan policy is based on sound Asess in this sector, and that the We do not rely principle of existing plants without specifying the type of industry that are meant reactivated or re-build their base productivity, calling for the adoption of the principle of import substitution and the allocation of loans to one industry at this stage.

The government classified the industrial and agricultural projects as follows:

(a) small businesses and lend to curb higher than (500) five hundred million dinars,

(b) medium-sized enterprises and lend money to curb the highest three (3) billion dinars,

(c) large agricultural and industrial projects and lend to Zaden three (3) billion dinars provided it does not exceed the upper limit of twenty (20) billion dinars,

(d) may be granted loans for agricultural and industrial large economically viable projects, up from the upper limit of twenty (20) billion dinars.

Economic expert and found that the food industry can be granted special importance to the economic viability at this stage, as it can form a joint-stock companies for the purpose of launching loans and Sdhajh country to the dairy and juice and nutrients from canned and Ajpas and other products.

Abu loaf also stressed the importance of relying on the study of imports and regulation, especially imported food after her health, environmental and economic dimension, and to integrate policy loans with integration sectors, with each to be that the agricultural sector works to revitalize and provide raw materials such as milk, for example, through cattle farms and support agricultural projects that provide these materials for food industry at this stage, and has therefore integrated sectoral policy with the policy loans.