Member of the Commission declared the economy and investment representative, on Saturday, for the provision of financial liquidity in the government banks to pay the dues of contractors by 40%, while stressing that the remainder of the dues will be launched after the completion of the audit of projects by the Office of Financial Supervision, A statement, issued by a member of the Committee of Economy press office and the parliamentary Investment, Ahmed Salim Kanani, and received a (long-Presse), a copy of it, that “Kanani attended the special committee meeting to put entitlements Contractors Exchange through government bond mechanism in the presence of Chairman of the Committee and Planning Minister Salman Jumaili The rest of the members of the committee. ”
He said Kanani, according to the statement, “The meeting discussed a number of things from them, that the bond covering 40% of the dues payable at an interest rate of 5% per annum payable exchange after three years rather than two years,” stressing that “financial liquidity has been provided in the banks, Rafidain and Rasheed and Trade liquefaction of all bonds and by 40% of the dues Almquaoliyn. ”
The MP for the rule of law, Salim Ahmed Kanani, that “the rest of the 60% of the dues will be paid after the completion of Supreme Audit scrutiny of these projects, as requested by the International Monetary Fund,” noting that “the audit has been completed up to 87% so far.”
And on the mechanism and procedures pertaining to government bonds, said Kanani, said that “after the arrival of lists of benefits to the Ministry of Planning and vets are sent to the Finance Ministry, which will send a book exchange to the central bank, which will be spent bonds to the contractor and can go to any of the bank governance or Mesopotamia or trade to be converted to liquidity. ”
He Kanani, said that “the next step involves the Ministry of Finance to start sending written exchange to the central bank for the first meal lists have been received already from the Ministry of Planning before Eid al-Fitr,” pointing out that “this meeting came to retrieve Almquaoliyn rights, and resolve a financial crisis hit out a lot of companies. ”
And between a member of the Investment Committee and the parliamentary economy that “legal procedures and audit and will supplement the bond exchange as soon as.”
The Council of Ministers, approved in the (14 June 2016), the launch of dues contractors by 50% of the total dues down first, and to report the implementation of the first chapter of the general budget in 2016 for the House of Representatives.
The Council of Ministers decided (April 19, 2016), the formation of a committee headed by Minister of Planning and the membership of the governor of the Iraqi Central Bank and economic advisor to the Prime Minister and Financial Advisor to the Prime Minister and the Undersecretary of the Ministry of Finance, Undersecretary of Technical Planning, holds the structure and controls the completion of the distribution of Contractors benefits the development of through government bonds, and submit its recommendations to the Prime Minister for approval within a week.