The launch of the Central Bank loans for projects of industrial and agricultural sectors , the end of April

Last updated 19/04/2016 - 19:21 Views 12

Economy News / Follow-up .....

Supreme Committee for the loans, the Central Bank of Iraq, announced the completion of the electronic form to register the amount of five trillion dinars loans, noting that the launch of the presentation will be the end of this April.
A statement of the Ministry of Construction and Housing, Municipalities and Public Works, for Undersecretary brocade Ibrahim thorns and Chairman of the Supreme Committee for the loans the bank, announcing "the completion of the website to register on the Iraqi Central Bank loans (5 trillion Iraqi dinars) for industrial and agricultural sectors, which was prepared in coordination with the Office of the Prime Minister "noting that he" will be launched Date of loan end of the month after the completion of the final technical procedures required to hold virtual experimentation of the site where will cover all provinces of loans after they have been taking into account the population ratio and the degree of poverty, agricultural land and rural population as criteria for each province. "
He explained that "the loans will be given to projects agricultural and industrial sectors as ranked (small businesses, medium, large, and strategy)," he said. "This initiative comes as part of the government to support the Iraqi private sector and will contribute to these loans to improve the economic situation in the country and revitalize industries movement and manufacturing industries, which adopted by the private sector and aims to legalize the foreign currency supply and reduce the demand for and the reduction of imports and encourage exports through the revitalization of local industries and the opening of new production lines through the use of modern technologies in manufacturing and equipment manufacturing industries that rely on local raw materials. "
Thorns and pointed out that he "will be
Attract and operation of a large number of local labor in these projects, which will be played each other within the industrial cities, "noting that" the Commission has prepared a roadmap for development projects allocated to the provinces based on the national development plan, plans and sectoral strategies approved taking into consideration the simplification of procedures in obtaining approvals of loans required The relevant authorities".
"It will also assess the economic feasibility studies for projects submitted by specialized technical teams depending on the nature of the loan, as well as the follow-up will be a good implementation of these projects through field teams will form for this purpose."

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