Economist confirms not to launch industrial loans because of obstacles

Since 08/11/2015 13:51 pm (Baghdad time)

Special - scales News

He stressed the economic expert Abdul Hassan al-Shammari, Sunday, not to launch industrial loans so far, attributing the delay to the existence of obstacles to launch.

Al-Shammari said L / scales News /, "The industrial loans has not launched yet, despite the launch of agricultural loans," pointing out that "there are pitfalls in the way of agricultural loans delayed the launch process."

He added that "these loans are the fundamental basis and main for the start of a strong Iraqi economy because it includes three main industry, agriculture and housing sectors," adding that "if these five exchange trillion dinars and pumping Iraqi domestic market will lead to a comprehensive revival of the Iraqi economy in 2016".

The Central Bank of Iraq has released loans amounting to 5 trillion dinars for banks, "industrial, agricultural and real estate.

He warned al-Shammari from the large whales corruption attempts to acquire industrial loans, calling for the development of high corporate governance mechanism for the delivery of these loans to the beneficiaries actually.


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