Localize salaries successful step to speed up development loans


19/10/2016 13:33


Experiencing developmental loans by the Central Bank and $ 1 trillion and a half trillion dinars in lending to small and medium enterprises through private banks waltasarat challenges due to special safeguards to restore

And Economist hailed Yasser Metwally Iraqi private banks association role on insurance guarantees to recover the loan installments through pressure towards localization of salaries in private banks as a trusty law contribute to the creation of confidence among banks and urges the borrower payment deadlines

These claims had yielded to the Kurdistan Regional Government response by guiding the territorial Minister of finance need to resettle staff salaries in private banks

He noted that the move will encourage the task successful accelerated implementation of lending recipients called to follow the Federal Ministry of finance after the Ministry of Finance of the territory to speed up implementation of reliable small projects in several economic gains which activate domestic production and running idle and support capital turnover in the country

Link