The International Development Bank signs the first memorandum of understanding with the Ministry of Youth and Sports to support the sports sector and provide opportunities for youth
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The International Development Bank signed a memorandum of understanding with the Ministry of Youth and Sports to support the youth group in society.
The bank said in a statement received by "Al-Iqtisad News", that "with blessed and unremitting efforts by the Minister of Youth and Sports and the Chairman of the Board of Directors of the International Development Bank, a ceremony was held today (yesterday) for the signing of the memorandum of understanding between the ministry and the bank."
He added that the signing includes a "strategic partnership between them to support the youth sectors, which include the largest segment of society," noting that "this is through activating the loans of the Central Bank's initiative for small and medium projects to meet the needs of young people and reduce unemployment, in addition to developing the sports reality in Iraq and supporting the working administrative staff. in this sector."
The statement explained that the support includes benefiting from "banking services and electronic payment technologies and contributing to activating the initiative of the Central Bank of Iraq for housing loans that the ministry intends to provide to its affiliated administrative bodies and formations and benefit from the advantages of settling salaries."
He pointed out that there was "cooperation regarding the signing of an agreement on electronic collection of all fees and subscriptions related to the services of the Ministry of Youth and Sports throughout Iraq and joint cooperation in the fields of investing all youth forums affiliated with the Ministry of Youth through sister companies determined by the Ministry of Youth and Sports and having strategic partnerships with the bank for the purpose of rehabilitating, operating and managing it.