Post From BondLadys Corner
BondLady & Tlm724 News & Comments 8-24-16 Part 2 of 2
Proposals to revitalize the economy of the family
8/24/2016 0:00 BAGHDAD - Mostafa Hashemi is the existence of institutions to secure loans is an important factor for strengthening trust between funders and borrowers given the large role that this factor plays in increasing the granting of credit and ease of reimbursement of advances and loans in support of the family economy,
at a time when the public need of increasing to set up income - generating projects amid desire to work together with the existence of unemployment.
in this regard , economic researcher Lubna al - Shammari stressed the need to speed up the release of loans and advances to citizens to ensure recovered by activating and find a guarantor institutions limit the resort to personal advances among individuals to the presence of some of the risks related to confidence.
family economy and felt Shammari in an interview with « Sabah »that the use of individuals to this type of financing came after the difficulty in obtaining loans from banks , although most of them are productive loans for families and income-generating, or even investment, particularly in the residential sector.
she said the revitalization of the family economy is supporting loans for small projects for the manufacture of parts or cut products enter into complementary industries largest as parts cars made of plastic , for example, as the case in industrialized countries.
they noted that guarantee bank deposits , the law represents a greater protection for each of the banks and citizens and ensure the recovery of their money from borrowers, or vice versa if they deposit funds in banks , which would speed up the access to bank loans to carry out their activities or walk guardians,
especially that some of them produce has been affected by his conditions of force majeure or beyond his , but he can continue after receiving funds from a loan or an advance contribute to the re - productive activities. sources of credit and operating in Iraq ,
a company specializing bank guarantees aims to increase the force of small and medium enterprises to sources of credit by providing partial guarantees for loans granted by the banks contributing to a capital company and the banks participating program of security to small and medium enterprises and through entering into partnership with private banks and take risks with it so as to provide a growing ability to support and develop the private sector through an increase in secured loans to these projects in Iraq.
additional income and confirmed Shammari the need to facilitate the task of small and medium enterprises to obtain loans owners to finance their projects so as to provide them with an income «additional» by increasing or creating jobs for leads to the result to the evolution of the economic reality of the country.
She drew economic researcher that the launch of a guaranteed repayment of loans would activate the economic aspects such as transport and increased recruitment of manpower in various projects and reduce the unemployment rate to reasonable rates, especially for graduates and young people.
Central initiative She said Iraq 's economy now need to activate after a period of from the recession and the best way to activate it is to activate the central bank 's own initiative tablets banks six Trillions dinars, and the liberated areas need reconstruction,
noting that suitable for activating the initiative to contribute to the achievement of the overall economic benefit of all productive sectors of specialized beneficiary of this initiative a chance.
tlm724 the best way to activate it is to activate the central bank 's own initiative tablets banks six Trillions dinars chop chop
Very small business support is still not enough
8/24/2016 0:00 Cairo - agencies reached a new study from the International Finance Corporation, a member of the World Bank Group, noted that despite the fact that a very small projects represent a substantial opportunity for MFIs and tremendous driving force for economic development, but the efforts of lending current efforts are still inadequate.
The report highlights , based on a survey conducted in collaboration with one of the institutions of microfinance in the Arab world, efforts to serve the very small enterprise sector, as well as shed light on the challenges that hinder smaller and other actors in the Middle East and North Africa financial institutions. The report also outlines useful lessons on the part of MFIs that boosted lending efforts to have a very small Khaddmhalparwat from the region and abroad.
For its part , stated that the magic Tibi, Executive Director of Sanabel, «Our results show that a very small projects represent a great opportunity for banks and microfinance institutions that avoided for the time long funded, due to the inability to assess the credit risk,
and the limited knowledge of the financial needs of these companies, which ultimately led to a culture of adaptation rather than invent new financial products is very small projects. »the number of staff in very small companies usually between 2 and 10 employees in some cases , bringing the count to 20 employees, as opposed to micro - enterprises, run by one person.
There are more than five million very small project in the Arab world, but capable of which projects get the funding it needs amounting to only 10 percent, leading to an estimated $ 13.5 billion credit gap.
This figure is very small projects unregistered which is usually the smallest and the largest number of projects registered officially and get less financial services and does not include.
Said Mohammed Khaled, a large IFC operations of microfinance in the Middle East and North Africa region finance officials, saying: «comply ability micro - projects to promote growth and job creation in its ability to obtain adequate financing. Governments must, banks, microfinance institutions and other actors in the private sector can all intervene to bridge the funding gap and boost economic growth and contribute to job creation. »
This is the second report in a series of studies on microfinance conducted by the International Finance Corporation and the Sanabel sector. The initiative comes in the framework of the International Finance Corporation and the extensive efforts in the Middle East and North Africa region to enhance access to financing and support for micro - enterprises and small and medium and to provide employment opportunities. IFC has invested at the international level $ 633 million in microfinance projects in fiscal year 2016, and launched 61 projects with financing institutions younger.
The International Finance Corporation, a member of the World Bank Group, is the largest international development institution focused on the private sector in emerging markets, and uses its capital, expertise and influence to find an opportunity where they are badly needed,
and works with more than Alvicherkh around the world, as well as higher investment in fiscal year , the fifteenth in developing countries to $ 19 billion Mazad of capital, expertise and influence to help the private sector to eradicate extreme poverty and promote common prosperity.
tlm724 "Our results show that a very small projects represent a great opportunity for banks and microfinance institutions that avoided for the time long funded, due to the inability to assess the credit risk, and the limited knowledge of the financial needs of these companies, which ultimately led to a culture of adaptation rather than invent new financial products is very small projects."
"The International Finance Corporation, a member of the World Bank Group, is the largest international development institution focused on the private sector in emerging markets"
IFC in Iraq
IFC's strategy in Iraq focuses on supporting the development of the nation’s private sector, with a special emphasis on increasing trade and improving access to finance for micro, small, and medium enterprises. Over the next few years, IFC is planning to step up its investment and advisory services in the country. We expect to invest $100-130 million per year, depending on the security situation, in priority sectors such as infrastructure and financial markets.
IFC's investments in Iraq focus on developing the banking, logistics, telecom and hotel sectors. Between 2011 and 2012, our commitments reached almost $500 million, including mobilization of $245 million. Those were largely in the in manufacturing, infrastructure, and financial markets sectors. Our current investment portfolio stands at $255 million. IFC investments in Iraq include:
A $50 million loan to Lafarge, a cement and construction material supplier, to support its cement subsidiary in Northern Iraq. The loan will help increase the supply of quality cement and reduce the acute domestic supply gap.
A landmark $400 million, seven-year debt facility for Zain Iraq, the country’s largest mobile phone operator. It will encourage economic growth and expand access to telecommunications services in Iraq.
A $45 million loan Gulftainer to support the development of infrastructure and logistics projects in Iraq.
IFC Advisory Services
IFC is active in providing advisory services to local businesses. We have:
Launched a $38 million multi-donor facility (involving the United States, United Kingdom, Spain, and Japan) to support capacity building in the banking sector, promote public-private partnerships in collaboration with the World Bank, and provide management training to the leaders of small and medium enterprises, especially women.
Helped Relief International scale up its outreach to micro and small business entrepreneurs in Iraq.
Magazine «dialogue» in its atheist session
8/24/2016 0:00 BAGHDAD - Al- Sabah issued the new issue atheist Fifty of the magazine «dialogue» for the month of 2016 in August , which dealt with specialized topics issues and economic affairs.
Among the articles in this issue the subject (geological and engineering challenges of the most dangerous dam in the world) and who has researched the history of the establishment of the Iraqi dams and focused on Mosul dam and proposals first implemented in 1950 as changing site set up the dam several times
and conducted a lot of investigations of geological and designs primary campaigns, and gather the consultants on the difficulty of the foundations and complexity in all search sites because of the presence of gypsum rock with scalability and high solubility in water at those foundations
and agreed on the need for business intensive gloss foundations as a preventive measure to protect the bond of collapse.
The reform banking 's share of the number as eating (see the banking reform in Iraq until the year 2020) , which came four first chapters is the reality of the Iraqi banking sector, and the second the challenges and problems of the sector, and the third of the proposed reform of the banking policies,
while Chapter Waller dimensions eat seeing the banking reform until 2020 also addressed the issue the subject of direct economic importance and implications for (insert electronic currency trading and cash deal).
Number and did not prejudice the economic affairs of the Arab especially seeing Saudi Arabia in 2030 which is based on three fundamental pillars named the success factors is the presence of the Two Holy Mosques and investment capabilities huge geographical location strategic to Saudi Arabia.
A number of the magazine is also the subject of (crude oil availability in the global market and other factors that influenced the decline prices and planning for sustainable development).
Turning to the issue - political , economic topics such as the Constitution, as well as the subject of the weakness of the oversight role of the House of Representatives and its relationship to the spread of corruption.
tlm724 The reform banking 's share of the number as eating (see the banking reform in Iraq until the year 2020) , which came four first chapters is the reality of the Iraqi banking sector, and the second the challenges and problems of the sector, and the third of the proposed reform of the banking policies, while Chapter Waller dimensions eat seeing the banking reform until 2020 also addressed the issue the subject of direct economic importance and implications for (insert electronic currency trading and cash deal). Cool
It's just a matter of time ....