Expert: The national lending strategy will contribute to reducing unemployment rates
Expert: The national lending strategy will contribute to reducing unemployment rates
5-26-2024
Information / Baghdad..
Today, Sunday, economic expert Bassem Antoun considered the Central Bank’s initiative to launch the national lending strategy 2024 to 2029 a positive step, calling for keeping the initiative away from complications and routine, as was the case in the previous experience.
Antoun told Al-Maalouma, “The entry of new capital directly to finance large projects for graduates, away from intermediaries, will create new opportunities for investment and reduce unemployment at high rates, in addition to stimulating the economic movement in the country.”
He added, “The Central Bank’s step is positive, but it is necessary to verify the project’s potential, seriousness, and economic feasibility before granting the loan to the investor,” while calling for keeping the initiative away from complications and routine, as was the case in the previous experience.
Yesterday, Saturday, the Governor of the Central Bank, Ali Mohsen Al-Alaq, launched the national strategy for bank lending in Iraq 2024-2029, in the presence of a number of officials and representatives of diplomatic missions and organizations in Iraq, in cooperation with the German Agency for International Cooperation (GIZ).
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