Amounts Of Annual Budgets In The Future To Support The Private Sector
|June 10, 2012||Filled under Other News|
Economic Committee in the Council of Ministers is going to activate the economic file
has achieved economic committee headed by Deputy Prime Minister Ruz Nuri Shaways several achievements during the first half of the year 2012 the most prominent study of all economic agreements with the countries of the world and related projects studying the current budget, investment and everything respect to the amounts reserves and the additional cost of projects outside the powers of the ministries and provinces, verification and validation.
This was announced (morning) The Director General of the Economic Commission explaining the Committee’s passage of crop prices strategy as well as many of the decisions of other economic.
He noted that the decisions of the Economic Committee, which includes ministers financial, trade, oil, industry, agriculture and the heads of the Investment Authority, Office of Financial Supervision and the Central Bank of Iraq in addition to the legal adviser to the Prime Minister and Associate Secretary General for Finance and Economic Advisor in the Office of the Prime Minister shall be bound to the ministries.
He said the function of this Commission proposal basis and the formulation of economic and financial policy of the state and determine the means of implementation and to overcome difficulties and solve problems facing their implementation.
He noted the Director-General to the Economic Commission tended to activate the role of the private sector, through the formation of a committee for the private sector to involve them in decision-making and draw a map of the Iraqi economy has met this Committee as part of seek to develop a strategy to support the private sector.
And repeat the Director-General to talk about the achievements, including decisions to raise the capital of the Industrial Bank to 150 billion dinars in order to strengthen the financing needs of the private sector and facilitate the procedures of granting loans, taking into account appropriate collateral requirements with Anciabihalmah to grant the loan to the approval of the allocation of funds annual budgets, the next to develop and support the private sector.
And head the Economic Commission to create a bank mixed with input from private banks and government and branches of foreign banks and a capital appropriate supports the foundations of international banking modern banking foreign trade and techniques of modern banking is also seeking the Economic Committee to the establishment of a joint venture to secure loans and purchase loans doubtful and troubled because of their effect encouraging a policy of lending in the future.
And hinted at the conclusion of his speech to the Economic Commission in connection with the ratification of the decision to organize import under licenses awarded by the Ministry of Commerce issued new instructions and the Organization about it over the Internet to control breaches of some of the traders to currency auction and success in meeting the real needs of the traders to maintain the strength of the Iraqi dinar.
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