Baghdad – IA
The Real Estate Bank, the Central Bank of Iraq, requested a plan to allocate a new real estate initiative.
The bank stated in a document, a copy of which was obtained by the (INA), that, “Given that it has not been supplied with the real estate initiative’s (recovered) funds since the date of 11/1/2023 until the date of this writing, the real estate bank faces great challenges in accepting and promoting the granting of loans to citizens.” The initiative”.
According to the document, the bank called on the Central Bank “to agree to consider allocating a new real estate initiative or to determine a plan to allocate a new real estate initiative for the next three years because of its importance and great effects represented by achieving social benefits for poor and middle class citizens, contributing to solving the housing crisis, and revitalizing the national economy.” And revitalizing local factories as a result of creating housing units in investment complexes.”