Baghdad – IA
Deputy Prime Minister and Minister of Planning, Dr. Muhammad Ali Tamim, confirmed in the present day, Saturday, that the federal government has set an financial imaginative and prescient relating to borrowing coverage.
Tamim stated in his speech throughout his sponsorship of the celebration of the Central Financial institution of Iraq, launching the nationwide technique for financial institution lending in Iraq, for the interval 2024-2029, based on an announcement obtained by the (INA): “The federal government has set an financial imaginative and prescient relating to the borrowing coverage, which is that borrowing paths will likely be directed in direction of… Improvement joints, by means of financing strategic initiatives, which can’t be financed from the state’s normal finances, and which might contribute to elevating the extent of growth within the nation.”
The assertion indicated that “Tamim blessed the Central Financial institution with the launch of this technique, which was ready in cooperation with the German Improvement Company,” noting that it “is according to the federal government’s instructions, and coincides with the completion of the preparation of the five-year growth plan for a similar time frame, and the legalization of loans.”
Tamim added, “The presence of a lending technique can contribute to rising the credit score granted to the personal sector by 4% of the non-oil GDP, and giving particular consideration to small, small and medium enterprises by rising the credit score granted to them by 3% of the GDP.” Non-oil,” stressing that “this pattern would contribute to financing extra initiatives, and provides the personal sector a very good house to be an actual accomplice in reaching growth objectives, in addition to transferring ahead to attain a state of financial diversification, after which cut back dependence on oil.” .