************ The government plans to issue bonds to support private banks

01/03/2015



BAGHDAD / JD / .. Committee announced that the economy and investment representative, for the determination of the government to support the private banking sector by issuing securities backed.

A member of the committee MP Harith Snead told / BD /: that the government intends to support private banks through the issuance of securities backed by, to play those banks to grant soft loans to small and medium-sized industrial projects.

He added that this project will enhance the growth of the Iraqi economy will develop as the industrial sector and develop the work of the private banking sector, adding that the committee is working hard to legislation important laws that serve the interests of the national economy.

The Prime Minister Haider al-Abadi, had announced earlier in the government program, which includes a strategy to support the private sector and diversify the state financial revenue plan.


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