Parliamentary finance: the Central Bank promised to launch construction loans

Local

20-03-2024, 13:48

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INA- Baghdad

The Parliamentary Finance Committee revealed ,on Wednesday, the Central Bank's direction to support banks through loans, while pointing out that the Ministry of Labour and Social Affairs has opened a platform for applying for small project loans.

Mustafa al-Karawi the committee deputy said in a statement received by the Iraqi News Agency (INA), that "the committee demanded during its hosting of the Governor of the Central Bank, to support banks, especially in loans issue ",indicating that" the Governor of the Central Bank promised the committee to launch loans, especially the Real Estate Bank to support the construction movement".

He added that "loans for small projects will be through Ministry of Labour and Social Affairs, which in turn opened a platform for providing unregistered people who did not benefit from previous loans in order to support projects, up to the loan value of 50 million dinars".