Baghdad – INA – Nassar Al-Hajj
As we speak, Tuesday, the Central Financial institution introduced the formation of a committee to comply with up on the implementation of the nationwide lending technique, whereas noting that the technique contributed to growing credit score to greater than 7 trillion dinars.
Deputy Governor of the Central Financial institution, Ammar Hamad Khalaf, informed the (INA): “The Central Financial institution has ready the nationwide technique for financial institution lending in Iraq 2024-2029,” indicating that it “will contribute to decreasing the credit score hole for the personal sector by attracting deposits and granting loans to productive tasks.” “completely different”.
He added, “The success of the technique will depend on the cooperation of varied authorities establishments, together with the ministries of commerce, planning, labor, and justice, in addition to the Iraqi Federation of Industries and the personal sector in cooperation and joint work in attaining the targets.”
He identified that “the technique contributes to growing the quantity of credit score by greater than 7 trillion dinars, along with offering the mandatory financing for small and medium enterprises, particularly by way of the Riyada Financial institution, which is deliberate to be established from the personal sector.”
He added, “There are nice alternatives in Iraq for the success of this technique by way of varied authorities plans to revitalize the personal sector and reform the monetary sector,” noting “the formation of a specialised committee within the Central Financial institution to comply with up on the implementation of the technique in cooperation with the related ministries and related authorities.”