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[size=30]Comment from Al-Kazemi's advisor on the recent central bank moves[/size]
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The economic advisor to the Prime Minister, Mazhar Muhammad Salih, welcomed the Central Bank's initiative to support clean energy, considering the step as a progressive project that reduces the waste of money spent on the electricity sector.
Saleh said in a statement followed by NRT Arabia (September 27, 2021), that "the policies of the central banks in the world witnessed changes after the global recession in 2008 and its continuation to the pandemic" Covid-19, noting that the damage to the economies of the world prompted most banks to turn to support development activities.
He added, "One of the big problems in Iraq is the electric power, which drained more than 120 billion dollars, indicating that the process of securing energy is still faltering due to mismanagement and waste."
He explained that "Iraq's population is increasing and the demand for electricity is increasing doubly, so entering clean energy needed an initiative, noting that the Central Bank took this important step by providing financing for companies producing solar energy units, which will contribute to securing that energy for isolated villages and buildings."
The Central Bank had set an interest of no more than 1% for granting loans to purchase solar energy systems, stressing that “the year 2022 will witness a qualitative and clear shift in changing the behavior of the Iraqi individual in the use of renewable energy and solar energy not only at the level of state institutions, but It will also include homes and even residential complexes with soft loans and all industrial activities
agricultural, and others.
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Saleh said in a statement followed by NRT Arabia (September 27, 2021), that "the policies of the central banks in the world witnessed changes after the global recession in 2008 and its continuation to the pandemic" Covid-19, noting that the damage to the economies of the world prompted most banks to turn to support development activities.
He added, "One of the big problems in Iraq is the electric power, which drained more than 120 billion dollars, indicating that the process of securing energy is still faltering due to mismanagement and waste."
He explained that "Iraq's population is increasing and the demand for electricity is increasing doubly, so entering clean energy needed an initiative, noting that the Central Bank took this important step by providing financing for companies producing solar energy units, which will contribute to securing that energy for isolated villages and buildings."
The Central Bank had set an interest of no more than 1% for granting loans to purchase solar energy systems, stressing that “the year 2022 will witness a qualitative and clear shift in changing the behavior of the Iraqi individual in the use of renewable energy and solar energy not only at the level of state institutions, but It will also include homes and even residential complexes with soft loans and all industrial activities
agricultural, and others.
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