The prime minister agrees to a proposal the central bank to issue government bonds to pay dues Contractors
The prime minister agrees to a proposal the central bank to issue government bonds to pay dues Contractors
Published on: Today, 17:06
BAGHDAD / Moataz Abbas:
The Central Bank of Iraq, Sunday, for the approval of the financial crisis cell headed by the Prime Minister on the proposal to issue government bonds for the payment of contractors and suppliers on the state institutions.
The bank said in a statement received “Sky Press,”, “The financial crisis cell headed by Prime Minister agreed to the proposal of the Central Bank to issue government bonds for the payment of contractors and suppliers of state institutions.”
The statement added that “those bonds can be deducted when banks or sold in the market, as can be provided for loans and be considered a guarantee for loans at full face value.”
He continued, “That will contribute to ending the problem of entitlements and its aftermath, it will also launch to stimulate economic activity and moving the work environment in all sectors”.
And the Economic Committee in the Iraqi Council of Ministers decided to form a committee to follow up the projects completed dues Exchange, while pledged to resolve the problem of late delivery of benefits to contractors and businesses as soon as possible.
The number of Iraqi institutions suffer great financial hardship because of the decline of the Iraqi state revenues due to the large decline in oil prices, which led to stop most of the projects, with state institutions for ongoing projects such as stadiums, hospitals, public buildings and other entitlements Exchange.
skypressiq.net
