Parliamentary Finance: The Central Bank promised to launch construction loans
Information / Baghdad
The Parliamentary Finance Committee revealed, today, Wednesday, the Central Bank’s intention to support banks through loans, while indicating that the Ministry of Labor has opened the platform for applying for small project loans.
The representative of the committee, Mustafa Al-Karaawi, told the official agency, “The committee called, during its hosting of the governor of the Central Bank, to support the banks, especially in the issue of loans,” noting 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, “Loans for small projects will be through the Ministry of Labor, which in turn has opened a platform to provide unregistered people who have not benefited from previous loans in order to support projects, with the value of the loan reaching 50 million dinars.”
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