Expert: The national lending strategy will contribute to reducing unemployment rates

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Expert: The national lending strategy will contribute to reducing unemployment rates

Today, Sunday, monetary master Bassem Antoun considered the National Bank’s drive to send off the public loaning procedure 2024 to 2029 a positive step, summoning for keeping the drive from complexities and schedule, similar to the case in the past experience.

Antoun told , “The section of new capital straightforwardly to fund huge undertakings for graduates, away from mediators, will set out new open doors for speculation and decrease joblessness at high rates, as well as animating the financial development in the country.”

He added, “The National Bank’s step is positive, yet it is important to confirm the venture’s true capacity, reality, and monetary achievability prior to conceding the credit to the financial backer,” while summoning for keeping the drive from complexities and schedule, just like the case in the past experience.

Recently, Saturday, the Legislative head of the National Bank, Ali Mohsen Al-Alaq, sent off the public procedure for bank loaning in Iraq 2024-2029, within the sight of various authorities and delegates of strategic missions and associations in Iraq, in participation with the German Organization for Global Collaboration (GIZ).