Abadi adviser denies wait to launch specialized banks loans and announced the formation of committees to monitor
Abadi adviser denies wait to launch specialized banks loans and announced the formation of committees to monitor
2015/09/05 15:59
Long-Presse / Baghdad
Denied Prime Minister for Economic Affairs Adviser to the appearance of Mohammed Saleh, on Saturday, reports that lingered government launched a lending program which is funded by the Iraqi Central Bank in the amount of five trillion dinars for the sectors of industry, agriculture and housing, with the detection of the formation of committees to study and monitor the projects submitted.
He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), “the Iraqi government is serious about the development of the economy and support projects that help the Iraqi citizen and provide him with well-off,” noting that “the government is working to create an atmosphere in order to put the five amount trillion dinars provided by the Bank CBI my rightful place. ”
He denied the benefit, “the rumors in some media linger about the launch of this amount,” stressing “the government’s determination to proceed with the implementation of projects and the achievement of the required forest behind those amounts.”
Saleh revealed, for “the formation of a committee to follow up the projects submitted by sectoral banks, which have been allocated amount,” pointing out that “the Committee’s mission is to study the projects submitted by those banks that serve the real beneficiary and a citizen.”
The crisis in the cell (24 August 2015) acknowledged, lending which is funded by the Iraqi Central Bank in the amount of five trillion dinars for the sectors of industry, agriculture and housing program, as instructed Prime Minister Haider al-Abadi immediately proceed with the necessary procedures.
The central bank announced, in (8 August 2015), the launch of an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars, with the exception of the initiative “a good step” for the recovery of the economic situation and liquidity, confirmed they come to avoid foreign loans.
It was an economic advisor to the prime minister count, on Monday, that the fall in world oil prices to around $ forty is a matter of “great concern” for Iraq, while between the treatment that should be done by pressing the spending and borrowing for the establishment of productive projects, stressed the need for support and the assignment of the private sector through legal legislation and procedures to facilitate transactions.
Press reports spoke of, US crude fell below $ 40 a barrel, the first time since the 2009 financial crisis, after reaching nearly $ 120 last summer 2014.
The International Monetary Fund forecast, in (21 March 2015), the high proportion of the budget deficit in 2015 to more than the proportion of 12% announced by the government, to “significantly higher levels”, because of lower oil prices and the weakness of the possibility of Iraq’s commitment to export 3.3 million barrels per day, also assume the budget, it proposed the implementation of the reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and reconsider the limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
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