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Abadi Office: financing private sector will develop five trillion dinars, the Iraqi economy

8/9/2015

 
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Alsumaria News / Baghdad
announced the Director of the Office of the Prime Minister Mahdi Keywords , Saturday, that the private sector financing five trillion dinars will develop the Iraqi economy, expected to "enter the project into effect during the next two weeks." Keywords and said in an interview with Alsumaria News on the sidelines of a conference announcement and discuss the release mechanism loans for industrial and agricultural real estate for banks, which was held in the Ishtar Sheraton Hotel in Baghdad that "the private sector financing five trillion dinars by commercial banks that will develop the Iraqi economy," noting that "the crisis, headed by Prime Minister cell made ​​the decision to financing industrial and agricultural bank Housing and real estate amounts to activate the private sector. "

He Keywords that "support the liquidity of specialized commercial banks amounting to five trillion dinars will enable it to provide loans to industrial and agricultural and providing housing and mortgages and thus will be reflected on economic activity and job creation." He Keywords that "the crisis cell set up a committee to follow up and make recommendations regarding funding commercial banks to be discussed by the Council of Ministers, "expected to" enter the project into effect during the next two weeks. " decided the central bank in January 2015 commercial banks to support five trillion dinars to enable them to provide loans to industrial and agricultural. The prime minister for economic affairs adviser the appearance of Mohammed Saleh, in (December 2014) that the bank 25 to Aakarz government in the event of low public budget for Iraq, noting his way to activate the budgets of development banks and housing funds.  SOURCE


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