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[size=35][size=35]During 2022... the Arab Monetary Fund expects the Iraqi economy to grow by 5.5 percent[/size]
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2022-08-23 | 03:11
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The report expected that the Iraqi economy would recover and achieve a growth of 5.5 percent in the current year, and a relative decline in economic growth to 4.4 percent in the year 2023.
It reviewed part of the government and the Central Bank's measures to contribute to achieving growth in the country, indicating that the Central Bank was placed among its priorities in its plan. The strategy for the years 2021-2023 Supporting digital financial and banking services by preparing for the “Know Your Customer Electronically” project, to adopt the use of digital identification to open bank accounts and digitally integrate customers, and to oblige the banking sector to use digital applications, such as mobile phone applications and online banking services in accordance with international best practices .
The report indicated that the Central Bank launched, in coordination with the government, several initiatives in order to stimulate economic activity, especially in the field of financing small, medium and large enterprises, and in the field of housing and personal loans, and to enhance credit to the private sector by reducing the interest imposed on loans granted.
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2022-08-23 | 03:11
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The Arab Monetary Fund launched the seventeenth edition of the "Arab Economic Prospects" report, including economic growth expectations and trends in the development of domestic prices for Arab countries, including Iraq, during 2022 and 2023.
The report expected that the Iraqi economy would recover and achieve a growth of 5.5 percent in the current year, and a relative decline in economic growth to 4.4 percent in the year 2023.
It reviewed part of the government and the Central Bank's measures to contribute to achieving growth in the country, indicating that the Central Bank was placed among its priorities in its plan. The strategy for the years 2021-2023 Supporting digital financial and banking services by preparing for the “Know Your Customer Electronically” project, to adopt the use of digital identification to open bank accounts and digitally integrate customers, and to oblige the banking sector to use digital applications, such as mobile phone applications and online banking services in accordance with international best practices .
The report indicated that the Central Bank launched, in coordination with the government, several initiatives in order to stimulate economic activity, especially in the field of financing small, medium and large enterprises, and in the field of housing and personal loans, and to enhance credit to the private sector by reducing the interest imposed on loans granted.
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