The Central Bank of Iraq participates in a workshop in Cairo to support small and medium enterprises

September 17, 2019
The Central Bank of Iraq participates in a workshop in Cairo to support small and medium enterprises

    The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, participated in a high-level workshop in the Egyptian capital, Cairo, to support and finance small and medium enterprises in Arab countries, organized by the Central Bank of Egypt in cooperation with the Arab Monetary Fund.
     
    He stressed the Governor in his speech on the initiative of the Central Bank of Iraq for small and medium enterprises through various Iraqi banks through the allocation of 5 billion US dollars for this goal, the largest amount in the history of Iraq allocated to those types of projects.
     
    The Governor said that the circumstances and factors suffered by Iraq was an influential cause in the social and economic situation, which forced the Central Bank of Iraq to take the initiative to get out of those crises suffered by the Iraqi people, and to set an example for the rest of the other institutions was attention to development and construction issues that Needed by the Iraqi people and their institutions.
     
    Central Bank of Iraq
    information Office
    2019/9/17


https://cbi.iq/news/view/1285

Allaq: Our initiative to allocate $ 5 billion to support projects is the largest in the history of Iraq

2019-09-17 | 06:27

The Governor of the Central Bank of Iraq Ali al-Allaq, on Tuesday, that the Bank's initiative to allocate 5 billion dollars to support projects is "the largest in the history of Iraq."
Allaq said during his participation in a workshop in the Egyptian capital Cairo, according to a statement received Alsumaria News a copy of it, "The initiative of the Bank for small and medium projects through various Iraqi banks through the allocation of $ 5 billion for this goal, the largest amount in the history of Iraq allocated to these types of projects ".

He added, "The circumstances and factors that were exposed to Iraq was an influential cause in the social and economic situation, which forced the Central Bank to take the initiative to get out of those crises suffered by Iraqis, and to set an example for the rest of the other institutions was attention to the issues of development and construction needed The Iraqi people and their institutions. "

The Central Bank launched the initiative of 1 trillion Iraqi dinars in order to contribute to the increase of small and medium-sized projects ranging from 5 million dinars to 50 million dinars and can be increased to one billion dinars.


http://www.alsumaria.tv/news/81728/ط£ط±ط¨ط¹ط-ظ‚طھظ„ظ‰-ظˆ12-ط¬ط±ظٹط­ط§-ظپظٹ-ط­ط

Central Bank offers solutions to eliminate unemployment

Economy 11:41 - 17/09/2019


Baghdad - Mawazine News
The Governor of the Central Bank of Iraq, Ali Allaq, on Tuesday, solutions to eliminate unemployment.
"The government system has reached more than saturation, and it does not add economic value," he said. "In its expenses, it represents a great challenge to the public budget and reduces the resources that can go to occupy others and achieve more job opportunities through real projects." Operate the real sectors, namely industrial, agricultural, tourism and others, which are the basis for moving economic rings.
He added: "Therefore, there must be a focus on moving these economic sectors by changing the economic model that exists today in Iraq, the model that exists now is that our revenues come from oil, which is pumping the largest of them in the form of salaries, and these salaries turn into demand for imported goods and goods, So our revenues go to building the economies of other countries rather than moving the pace of the economic situation. "
The governor of the Central Bank explained that "people can not be laid off from their jobs, but the money taken as salaries can be invested within Iraq through the expansion of the real sector and this will occupy other people, which depends on the coordination of some of the trade, investment and taxation Economic. "Ended 29 / a


https://www.mawazin.net/Details.aspx?jimare=65213