Prime Minister Haider al-Abadi chaired a meeting of the Higher Committee of the Agricultural Initiative to discuss the water situation, the irrigation plan and its financial needs.
“The committee discussed the projects of the Ministries of Agriculture and Water Resources and the required financial allocations, in addition to maintaining the continuation of the agricultural loan projects, the water situation, the irrigation plan and its financial needs,” the Prime Minister’s Information Office said in a statement on Wednesday.
The Committee decided that the Ministry of Finance will implement the provisions of the amended Agricultural Loan Fund Law No. 28 of 2009. The amounts allocated to the specialized lending funds for the agricultural initiative and the funds recovered from them, as well as the amounts of loans disbursed in the Ministry of Agriculture and the Ministry of Marshlands canceled to the capital of the concessional agricultural lending fund.
The Committee also decided to allocate the necessary amounts to the Agricultural Mechanization Fund from the refunds to pay the amounts collected and imported for the Ministries of Agriculture and Industry and covered by agricultural initiative loans, which were imported until 31-12-2015.
The rate of recovery of agricultural initiative loans was also discussed and a number of directives and decisions were discussed and issued.