February 23, 2021 | finance & economy

Amer Al-Jawahry: The revival of the economy lies in the encouragement, empowerment and support of large private enterprises

Baghdad / NINA / - The Consultant in Industrial Development and Investment, Amer Al-Jawahiri asserted that reviving the economy lies in encouraging, empowering and supporting large private projects.

He told the National Iraqi News Agency (NINA) that Iraq is a large country and its location is important geographically, which requires the Industrial Coordination Council to encourage, enable and support large private projects, including large sums lending facilities, but with long repayment ranges and with the same project guarantee.

Al-Jawahiri added that the banks are considering guaranteeing the return of loans , and serious borrowers need large sums and facilities to pay with the guarantee of the project.

He explained that the solutions lie in the intervention of the Industrial Coordination Council and the Private Sector Council, with a supportive cover from the Ministerial Council for the Economy.


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