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The Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,
received a delegation from the International Finance Corporation, which included the director of the institution’s financial sector in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zaghir, the resident representative in Iraq, the financial investment officer, and the head of the advisory department.
During the meeting, they discussed
strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of
cooperation between local banks and correspondent banks with technical support from the institution, and the
development of Islamic banks operating in Iraq, as well as the
banking reforms that the bank is carrying out in cooperation with the concerned authorities, especially the restructuring of government banks. The
role of international companies working in this field (Ernst & Young and Oliver Wyman).
His Excellency the Governor discussed the proposal to establish a leasing finance company with local and foreign contributions,
which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as
industrial machinery and equipment,
vehicles, offices, and
warehouses.
This proposal supports
emerging projects and
small and medium-sized companies that are looking for easy financing. And flexible.
The meeting discussed the importance of launching Riyada Bank during the next year, which will support projects with small and medium loans, in line with the government’s vision of supporting graduates and entrepreneurs and developing labor markets.
Central Bank of Iraq
Media office
December 11, 2024
https://cbi.iq/news/view/2733
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,
received a delegation from the International Finance Corporation, which included the director of the institution’s financial sector in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zaghir, the resident representative in Iraq, the financial investment officer, and the head of the advisory department.
During the meeting, they discussed
strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of
cooperation between local banks and correspondent banks with technical support from the institution, and the
development of Islamic banks operating in Iraq, as well as the
banking reforms that the bank is carrying out in cooperation with the concerned authorities, especially the restructuring of government banks. The
role of international companies working in this field (Ernst & Young and Oliver Wyman).
His Excellency the Governor discussed the proposal to establish a leasing finance company with local and foreign contributions,
which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as
industrial machinery and equipment,
vehicles, offices, and
warehouses.
This proposal supports
emerging projects and
small and medium-sized companies that are looking for easy financing. And flexible.
The meeting discussed the importance of launching Riyada Bank during the next year, which will support projects with small and medium loans, in line with the government’s vision of supporting graduates and entrepreneurs and developing labor markets.
Central Bank of Iraq
Media office
December 11, 2024
https://cbi.iq/news/view/2733
