The Central Bank is allocated 900 million dollars " in support of small projects to a younger demographic.


Baghdad :# newsflash

Devoted to the Iraqi central bank loans for youth and graduates of the value of a trillion dinars (about $ 900 million), in a move designed to support small projects for this chip, and reduce the phenomenon of rampant unemployment, and the role of the private sector. Experts felt that the government "has taken this step in accordance with its programme of reform and launch of soft loans for projects, industrial and agricultural".

And the status of the central bank in collaboration with the representatives of the private banks, universities, guidance relating to these loans to broaden the base of the recipients of the youth, and the adoption of the government coordination with universities in Baghdad and the provinces, with the aim of preparing feasibility studies and sleep with the steps That facilitate mechanism lending.

It was considered economists to delivery, it's too late "constitute an engine doing the market economy, and specifically those allocated to graduates".

They called on the media to "build a campaign to promote this loans, with the availability of the necessary amounts to her and to spend, to help young people in the implementation of their projects and small and medium enterprises".

And announced the Prime Minister's advisor for youth Ali Al-Attar, that the "culture of work in small projects still recent experience", Referring to the fact that the campaign briefing "contribute to increased awareness and benefit from it and its impact on the economy, and reduce the movement towards a government job and appointments".

And Drew to the demand of all private banks "cooperation to facilitate the procedures and reducing bureaucracy to ensure faster for loans".

Monitoring The Apothecary "an increase in the number of beneficiaries of these loans, in light of what is the oldest of the transactions and requests made by the thousands every day through private banks directly or universities in the capital and other provinces".

He explained that "guarantees not complicated as in loans for the elderly or citizens, and commensurate with the possibilities of youth". It was stated that the meetings of the central bank with private banks "continues to make the mechanism more effective and provide facilities to get loans".

And it was considered " projects an opportunity for graduates and young people who didn't get a chance to recruitment in state institutions, and a means to reduce unemployment, which is different from the definition of the term in Iraq from the rest of the states, because everyone that doesn't happen The opportunity for recruitment in the institutions of the state applies the term unemployed from work ".

And said, "what does it mean that this number is increasing the presence of large numbers of graduates and others, that they need pension insurance for them, and it is the duty of the state in accordance with the constitution".

And talk to the apothecary for the strategy of the state to give effect to the private sector and provide employment opportunities for graduates and is one of the two tracks, the first is the protection of citizens working in the private sector and its future, and placed a uniform law allows the pensions. Staff and employees in the sector Private companies, factories and plants, based on certain controls ".

And spend the second track "secure loans for citizens and monitor 3 TRILLION DINARS, including a trillion for young people to help them in their projects and small the role of the private sector and the eradication of unemployment".