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Central Bank Governor: National Bank Lending Strategy Aims to Stimulate and Activate Economy
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Economy News - Baghdad
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired the first meeting of the Supreme Executive Committee for the National Strategy for Bank Lending in Iraq, formed pursuant to Diwani Order No. 51 of 2024, in the presence of the undersecretaries of ministries, organizations and relevant authorities.
A statement by the bank's media office received by "Al-Eqtisad News" stated that during the meeting, the importance of the role of the banking sector and governmental and private institutions was discussed, and their role in implementing this strategy and implementing the main axes and sub-objectives of the national strategy for bank lending was defined.
The Governor stressed that the national strategy for bank lending aims to stimulate and stimulate the Iraqi economy, in addition to achieving growth in all areas, which this strategy will contribute to through establishing and expanding small, medium and large enterprises, stressing the importance of cooperation between relevant parties in the success of this mission, which is a priority at the national level in providing job opportunities for young people and investing their energies and capabilities in a way that achieves economic growth in the economic sectors.
It is noteworthy that the Central Bank of Iraq launched on May 25, 2024, the National Strategy for Bank Lending in Iraq for the years 2024-2029, in the presence of a number of officials and representatives of diplomatic missions and international organizations. The axes of what was included in the strategy and the mechanisms for working on it were determined, each according to his specialization.
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Added 2024/10/08 - 2:34 PM
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