[You must be registered and logged in to see this image.]
Baghdad / Obelisk: The Arab Monetary Fund launched, on Tuesday, August 23, 2022, the seventeenth edition of the "Arab Economic Prospects" report, including expectations of economic growth and trends in the development of domestic prices for Arab countries, including Iraq, during the years 2022 and 2023.
The report expected that the Iraqi economy would recover, achieving 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.
He reviewed part of the government and the Central Bank's measures to contribute to achieving growth in the country, indicating that the Central Bank had set among its priorities in its strategic plan for the years 2021-2023 to support digital financial and banking services by preparing for the "Know Your Customer Online" project, to adopt the use of digital identification to open bank accounts and integrate Customers digitally, and obligating 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.
[You must be registered and logged in to see this link.]