Governor of the Central Bank: Iraq before the financial crisis and should prevent a through real planning 8-15-15

15/8/2015

The governor of the Central Bank on the Keywords, Saturday, that Iraq needs economic renaissance able to achieve the country's resources, while noting that the launch of project loans will be in the coming days.

Keywords and said in his speech at the annual economic conference of the Iraqi Council of businesswomen that "Iraq before the financial crisis and should prevent a real planning through to achieve economic stability", calling for "fundamental reform of successful and effective base situation."

Keywords adding that "Iraq needs economic renaissance able to achieve the country's resources and without them there would be no economic stability," pointing at the same time to "the need for Iraq to be able to absorb the economic advancement of the market." He Keywords that "the central bank will launch loans to finance small and medium enterprises in the coming days to support economic growth in Iraq."

It is said that the central bank governor said (8 August 2015) that public expenditure did not contribute to the expansion of the productive base and did not achieve any development of the Iraqi economy, as explained that without the work done by the bank to Iraq experienced a financially difficult situation, he noted bond issue worth five billion dollars to be sold on credit in favor of the Ministry of Finance.  SOURCE