Economic Advisor to the servants, the loans will contribute to the stability of the economy and the instructions given to eligible strict

History of edits:: 6/10/2016 10:43

{Baghdad} Euphrates News confirmed the appearance of Mohammed Saleh economic advisor to Prime Minister Haider al-Abadi, said the soft loans will contribute to the stability of the country's economy, pointing out that the mechanics and instructions given to the beneficiaries will be strict.

He said Saleh told {Euphrates News} " The soft loans in the central bank 's program , which distributes industrial, agricultural and housing fund the bank, is a package to stimulate the national economy, as a decline in oil revenues , the impact on market activity."

He explained that " the central bank introduced this policy part to stabilize the Iraqi economy, and try to move the market activity through productive activities. "

He added that" there are instructions strict mechanisms so that these loans are granted to those who deserve it as much as possible, because we must protect the public money and the achievement of its objectives. "

The central bank announced the third of June , and , receiving requests from wanting Atniv agricultural and industrial projects and housing, adding that the bank will distribute the $ five trillion dinars on the agricultural, industrial and housing banks are granting loans after the feasibility study projects that seek port for its establishment.

He said assistant general manager of statistics and research at the Bank of Alaa Abdel - Ghani, for {Euphrates News} " the lending initiative very excellent in a matter of economic downturn and blessed the move and supported the central bank governor on the Keywords idea, and stressed that the central banks ' implementation of this order to pump money agro - industrial and residential banks, and this initiative will be launched in the coming days has been receiving applications grant loans for the implementation of industrial projects, agricultural and residential. "

It is noteworthy that, the cabinet approved during its meeting on the 31 of last May, to launch a government loan to the sectors of housing, industry and agriculture form the amount of $ {6.5 trillion dinars} in the framework of the axis of economic reform, diversifying its sources and transportation of rentier economy to a productive economy and the transformation of the economic system of the State of the consumer system to multi - resource production system, according to what has been announced by the media spokesman of the Office of the Prime Minister Saad Alhdithi.anthy 1