Rich People of Sulaymaniyah Finance Government-Owned Banks
|February 14, 2014||Filled under Other News|
Shafaq News / Sulaimaniyah province revealed the initiating a national campaign to fund the government banks with the necessary liquidity to ensure a part of delayed salaries of the employees.
Staff in government departments has gone on strike in Sulaymaniyah as a result not receiving their salaries last January.
The press secretary of Sulaymaniyah province, Raman Othman told Shafaq News that the fund-raising campaign involves the Chamber of Industry and Commerce in Sulaymaniyah, Investment Authority, a branch of Sulaymaniyah and a number of businessmen and investors.
Othman added that these parties expressed their willingness to coordinate with the Central Bank of the regional governments’ banks to finance the necessary cash flow to pay staff salaries and pay contractors to complete their projects and prevent stopping it.
Kurdistan Region is passing through liquidity shortage crisis which led to delay the payment of salaries and a confusion in government departments and institutions.
Othman explained that an agreement has been reached after a meeting of the Governor of Sulaimaniya, Behrouz Mohammed Saleh with these bodies, contact investors and Kurdish businessmen inside and outside the region to participate in this campaign, pointing out that the campaign received a huge response from investors and businessmen who showed their willingness to help the government in overcoming the current crisis.
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