Parliament proposes to determine the amount of loans for industrial projects, according to one of the studies by the Iraqi Chamber of Commerce

25-05-2013 09:05 AM


Baghdad (news) .. I suggest a member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, capping financial loans to industrial projects, according to feasibility studies submitted by the Chambers of Commerce and the Federation of Iraqi businessmen to small and medium-sized enterprises to support them.

Abbas said (of the Agency news): The federal budget for the current year included the financial allocations for the industrial sector are distributed in the form of three types of loans, including small and medium-sized enterprises and large, the amount is determined by the Industrial Bank.

He added: We must determine the loan according to studies prepared by the Chamber of Commerce Iraqi or Businessmen Union so that the amount of loans for small projects between (20 - 50) million, and medium-sized enterprises ranging between (50 - 200) million, while large projects identified by the Committee Economic Council of Ministers.

He pointed out: The Industrial Bank select amount for small projects (20) million dinars without the presence of feasibility studies on the quality of projects.


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