DIYALA, Sept. 11 (AKnews) – A member of the Economy and Investment Committee in the Iraqi council of Representatives urged the government to establish an international Iraqi bank, saying the bank will be a success in granting loans.
The bank should grant loans in all currencies and be associated with the World Bank to resolve the problem of irregular mechanism of loans, said Nahida al-Daini, from the Iraqiya List.
Daini said there is a slowdown in the granting of loans by the Ministry of Finance because the relevant ministries have not paid the monthly dues cut from the salaries of the employees who have taken governmental loans.
She added “the Ministry of Finance has large debts owed by the ministries and cannot continue in granting loans without resolving the previous financial benefits despite the large interest rates imposed on granting the loans …”
Daini demanded the Ministry of Finance fulfill its obligations to the citizens and continue with giving loans due to the citizen’s urgent need for the construction of residential houses which depend on government loans.
Employees across the country complain about the process of issuing governmental loans and the financial irregularity due to the absence of a mechanism that allow everyone to get government loans.