Economy News Central Bank of Iraq / Baghdad allocated loans for young people and graduates, "worth one trillion dinars," in a move aimed at supporting small for this segment projects, and reduce the phenomenon of widespread unemployment in, and activating the role of the private sector, experts felt that the government "has taken this step, according to its reform program and it included the launch of soft loans for industrial and agricultural projects. " And the development of the central bank in cooperation with representatives of private banks and universities, guidance relating to these loans to expand the base of beneficiaries of the youth, and the adoption of government coordination with universities in Baghdad and the provinces, in order to prepare the feasibility and maturation steps that facilitate lending mechanism studies. He said economists that the loans "pose an engine active market economy, specifically those dedicated to the graduates," and called on the media to "adopt a campaign to promote these loans, in light of the availability of the necessary funds and its readiness to exchange, in order to help young people in the implementation of small and medium-sized projects." The prime minister declared for Youth Affairs Ali Al-Attar adviser, that "the work of small projects culture still modern experience," pointing out that the media campaign "contribute to increased awareness and benefit them and their impact on the economy, and reduce the trend towards government appointments Position", and pointed to the demand of all private banks' cooperation to facilitate procedures and reduce bureaucracy to ensure the provision of loans faster. " Attar and monitor the "increase in the number of beneficiaries of these loans, in the light of the offers from the transactions and requests for thousands a day through direct or universities in the capital and the rest of the provinces of private banks." He explained that "the guarantees are not as complex as in loans granted to the elderly or citizens, commensurate with the potential of youth," said the central bank meetings with private banks "continuing to make the mechanism more effective and to provide facilities for loans," and said that "projects an opportunity for graduates and young people who have not had the opportunity appointments in state institutions, and a means to reduce unemployment, which differs from the definition Mstalhaa in Iraq from other countries, because anyone who does not get a chance to set in state institutions applies the term unemployed, "explaining that means that this figure is on the rise to the presence of large numbers of graduates and others who need to pensions have insurance, which is the state's duty according to the Constitution. "He spoke Attar about to activate the private sector and provide job opportunities for graduates state's strategy, one of the two tracks, the first is to provide protection for citizens working in the private and the future of the sector, and the development of the law uniform allows pensions to employees and workers in private companies, laboratories and factories sector on the basis of certain controls ». Under the second track of" providing soft loans to citizens and to monitor three trillion dinars, of which one trillion for young people to assist them in the implementation of their small businesses and activating the role of the private sector and the elimination of unemployment. " AJ
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