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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Central Bank reveals the reason for citizens’ reluctance to take up the solar energy lending ini

    Rocky
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    The Central Bank reveals the reason for citizens’ reluctance to take up the solar energy lending ini Empty The Central Bank reveals the reason for citizens’ reluctance to take up the solar energy lending ini

    Post by Rocky Thu 02 Nov 2023, 4:57 am

    The Central Bank reveals the reason for citizens’ reluctance to take up the solar energy lending initiative
    • Time: 11/02/2023 11:30:26
       
    • Read: 936 times

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    {Economic: Al-Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the reason for citizens’ reluctance to the bank’s initiative to lend for the use of clean energy, including the acquisition of solar energy regulations.
    Al-Alaq said in a press statement that financing is a complementary link when appropriate conditions are available, as happened in launching an initiative to lend for the use of clean energy, especially at the household level in the use of solar cells.
    He added, "We do not find any interest in this initiative, which forces us to review other factors related to the awareness process, as the vast majority of citizens do not have an adequate perception of the benefits these cells achieve on the personal and environmental levels."
    Al-Alaq revealed the Central Bank’s intention to launch a financial sustainability map this month in cooperation with international institutions.
    He explained, "The map, which is based on financial sustainability, was designed to manage environmental and social risks, noting that it will clarify the directions that the bank will take related to the awareness and educational aspect, as well as risk management and sustainable financing."
    He pointed out, “The map will support financial inclusion, including the Bank’s initiatives in supporting small and medium enterprises that are being adapted or pushed towards consistency with what we aspire to, taking into account the environmental and social aspects,” pointing out that “Iraq can address the backwardness of industry, agriculture, and the economy by developing them according to the principles And modern standards using methods that lead to achieving this purpose.”
    Al-Alaq pointed out that “the factors for regulating trade are not achieved with the diversification of the economy and the provision and support of projects that operate within this framework, with the presence of chaos in them and the lack of control over this large activity that is drowning the country, undermining the opportunities for growth and development, and expanding the production base in a large and frightening way. In addition, it introduces a lot of It is a commodity that lacks many health and environmental specifications and standards.”

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