Saturday, September 15, 2012

Expert: bank loans do not contribute to the development of the industrial sector without government support

 09/15/2012

Baghdad (news) .. Economic expert said the appearance of Mohammed Saleh, that the loans provided by banks to the development of economic projects, especially in the industrial sector is not useful not meet the needs of the projects.
Saleh said (of the Agency news) on Saturday: that all loans that borrow factory owners and small businesses are not sufficient to meet the needs of lab if they were not backed by the support of real Iraqi government, noting that the loans are insufficient for the advancement of the industrial sector, although facilities.

He added: that factories need to Machinery and Equipment large to conveniently and attractive and have all the elements of the industrial sector to support the government, not to last bank loans.

He continued: State must provide residential complexes and gave interest-free loans and provide protection and support for industrial plants for the advancement of locally manufactured goods to compete with foreign goods and reduce import. / End / 21. D. Q /