[size=36]Central Bank Governor: Launching an initiative to finance renewable energy projects[/size]
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Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, affirmed, on Thursday, the Central Bank's support for the government program in finding sustainable solutions to limit the impact of climate change, while referring to enhancing inclusiveness to finance the green economy.
Al-Alaq said in a speech on the occasion of the Financial Inclusion Week, "The Central Bank supports the government program in finding sustainable solutions to reduce or reduce climate changes and desertification."
He continued, "From this standpoint, we launched an initiative to finance renewable energy projects, and we are also working to urge the financial and banking sector to support projects and sectors that contribute to the services of environmentally friendly products."
He pointed out that, "in conjunction with the recommendations of the Iraqi Climate Conference to reduce climate risks to the country, international data ranked Iraq among the five countries most affected by climate change in the world." Ended 29/N33