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The Central Bank and International Finance are discussing a plan to establish a {loan guarantee company}
- Time: 05/11/2023 23:06:04
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{Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received today, Thursday, a delegation of experts from the International Finance Corporation (IFC) affiliated with the World Bank, headed by (Marcel Rashid), the supervisor of financial market projects in the Levant region.
A statement to the bank's media, which {Euphrates News} received a copy of, stated that "during the meeting, they discussed ways to develop the relationship between the Central Bank of Iraq and the International Finance Corporation, and put in place a plan to establish (a loan guarantee company), which was proposed by the governor earlier as part of a comprehensive study he presented regarding building bases." A national strategy for bank lending, while the staff of the Central Bank is responsible for building the national strategy for lending in accordance with its rules.
He added, "The establishment of a loan guarantee company is an important factor in stimulating lending, by reducing the rates of loan defaults that the banking sector in Iraq suffers from."
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{Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received today, Thursday, a delegation of experts from the International Finance Corporation (IFC) affiliated with the World Bank, headed by (Marcel Rashid), the supervisor of financial market projects in the Levant region.
A statement to the bank's media, which {Euphrates News} received a copy of, stated that "during the meeting, they discussed ways to develop the relationship between the Central Bank of Iraq and the International Finance Corporation, and put in place a plan to establish (a loan guarantee company), which was proposed by the governor earlier as part of a comprehensive study he presented regarding building bases." A national strategy for bank lending, while the staff of the Central Bank is responsible for building the national strategy for lending in accordance with its rules.
He added, "The establishment of a loan guarantee company is an important factor in stimulating lending, by reducing the rates of loan defaults that the banking sector in Iraq suffers from."
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