Thursday, March 22, 2012

Economist: supporting SMEs will drive the process of economic development

Thursday, 22-03-2012

Baghdad (newsletter) ... Suggested Economist Salim aldaini give SMEs loans accessible to activate it, as is the primary supporter of economic stability in the country, noting that it would ensure the economic development process if activated.
Aldaini said (News Agency news) on Thursday: the Federal Government should give SMEs loans accessible by governmental or private banks over four years, and the process is similar to the distribution of agricultural loans to activate it as a primary source of economic stability in the country.
Called: the necessity of forming a Government Commission is watching how effective such loans for projects since the distribution until the production process, for the purpose of obtaining positive results through the revitalization of the market movement and labour supply and reducing rates of inflation in the country.
Economic expert said: that in the event of activation of small projects that will advance the process of economic development in the country and be supportive to economic stability.
Statistics show that small and medium-sized enterprises represent approximately (90%) Of the total companies in most of the world's economies and contribute around (50%) Of the world's GDP and provide (40-80%) Of total employment and potential role to play in development and contribute to reducing unemployment, so the interest in this type of project in some States arrived which formation reduction ministries for support of small and medium-sized enterprises, as in France and Malaysia for example./finished/8. d/s

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