The Ministry of Finance embarked on a plan for economic reforms … that includes loans and financing projects aimed at alleviating the housing crisis

2021/04/20 10:59

The number of readings 84

Section : Iraq

Baghdad / Al-Masala: The Ministry of Finance began, on Tuesday April 20, 2021, according to what was included in the white paper, to provide quick loans to small and medium-sized companies and facilitate financing investment projects aimed at alleviating the housing crisis.

The Government Media Cell stated in a statement received by Al-Masalla that the Ministry of Finance presented, according to the government performance program for the six months of last year, many programs and plans within its various sectors.

She added that Rafidain Bank began granting loans worth 100 million dinars to employees looking for housing, and 50 million dinars to buy housing units or renewable solar energy systems, as well as car loans, hotel operation, scientific research, doctors, pharmacists, and private sector employees, valued at 5 10, 15, 20, and 25 million dinars.

The statement added that in order to develop the performance of the financial sector and improve the level of technology in the banking sector, Rafidain Bank has participated in reconstruction and investment projects with strategic plans to improve infrastructure, health, education and tourism.

The Ministry of Finance began implementing the project demarcation file and putting them up for investment, as it began to restore the electrical network and deal with transport bottlenecks in 12 villages, cladding the main roads in five different areas in the governorates, rehabilitating and developing the Al-Akasha water complex in Najmi, restoring the water purification plant in Aziz Balad, and extending The conveyor line from the new Rumaitha project to the Abu Srifa area, equipping and extending the electricity network in the Al Dhuaihir area in the Crescent, extending the conveyor water pipeline in the Warka area and extending the water network of As-Suwayr.

The Ministry of Finance announced investment opportunities ready for implementation, most notably the Al-Qurayat suspension bridge with a length of 2.6 km, which will link between Al-Karkh and Al-Rusafa, the Karbala Al-Hawali road with a length of 66.5 km, the Baghdad Al-Hawali road with a length of 94 km, the highway linking the governorates of Wasit, Baghdad, Karbala and Babil with a length of 235 km, and the link road Between Karbala Governorate and Arar Crossing, with a length of 160 km, and Baghdad-Basmayah Road, with a length of 20 km.

With regard to the file of the banking system, the Central Bank has worked to classify banks according to service, close banks that violate laws and legislate reform laws, and work on developing government banks and changing the exchange rate of the dinar against the dollar, as well as linking the Iraqi banking system to the network of local and international banks, and obtaining a work permit The SWIFT system, the implementation of international banking operations, the business license, the issuance of electronic payment cards in the name of the bank, the initiation of the implementation of the banking system and the completion of important steps in it. According to the statement.

He pointed out that Al-Rafidain Bank contributed to an expanded reconstruction and investment plan to advance the health, educational, educational and tourism sectors, by working on infrastructure for services in accordance with strategic plans, which included 26 projects for residential complexes in 14 governorates, while the Rasheed Bank contributed to granting loans and advances to residential complexes and buying cars and projects. For the unemployed and those with health professions, marriage advances for employees, and loans for liberated areas


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