Financial committee of Iraq council of representatives announced that they met with the finance ministry and discussed some recommendations to provide the employees salaries.
In a statement, the Financial committee said, ” the local and international loans the government is going to make is just a temporary solution to the financial problems of the country.”
To support small and medium private-sector projects, the Iraqi government, through the Central Bank of Iraq and with the participation of a number of private and state-owned banks, has made available several types of loans.
The loans are available to all Iraqis.
One of the more innovative finance schemes is the Central Bank’s ‘1 Trillion Dinars Initiative’ which is dedicated to supporting small and medium enterprises, as part of the wider Iraqi government strategy to boost economic growth, create new job opportunities, and the production of local goods and services.
