In the parliamentary economy by emphasizing the control of the Central Bank loans
In the parliamentary economy by emphasizing the control of the Central Bank loans
19.06.2016 11:34
[Where – Baghdad]
called for economic and investment commission member of the parliamentary proof Mamouri, on Sunday, to the need to tighten control over the Central Bank of Iraq for the industrial, agricultural and residential loans Initiative warning to circumvent them.
He said Mamouri in a statement received by all of Iraq [where] a copy of it today , “the government a mechanism severe and strict credit control before proceeding with the implementation of the central bank ‘s own initiative to support industrial and agricultural projects to the private sector amounting to five trillion dinars, and beware of the consequences of wasting money.”
He added ” a lot of previous initiatives where hundreds of billions of dinars bellowed did not achieve their goals because of the corruption that accompanied these initiatives, particularly with regard to the agricultural side, pointing out that most of the previous initiatives failed because of mismanagement and corruption that accompanied her, noting that his committee will check each file is lending and follow – up on the ground , whether agricultural or industrial or residential. ”
he explained to the economic and investment commission member , he said” the initiative important to move these sectors, which will be reflected in the form of productive projects reduce imports in addition to shred job opportunities for the unemployed , but past experience leads us to take real guarantees to each loan and be a real project connote citizen of the country in general. ”
the Prime Minister Haider al – Abadi has ratified the ninth of last March on the mechanisms of lending to the Housing Fund for loans , the central bank’s five trillion Iraqi dinars.
According to the mechanism of the distribution will be loans to the provincial distribution of the adoption of the standard rate population of 80% and a standard degree of poverty of 20% for each province, and the amount of each loan , including no more than 50 million paid to the beneficiary in two installments, the interest rate of 2% after one year grace one of the date of receipt of each batch.
the grant these loans for construction and the addition of construction and grants as well as for those wishing to purchase residential units in investment complexes, as he gives to rebuild housing units because of the devastating terrorist attacks.
the term of the loan to 10 years are recovered in equal monthly installments within the prescribed period.
alliraqnews.com
