IDB Joins KRG’s ‘MyAccount Project’
ERBIL — The International Development Bank (IDB) announced on Saturday that it has started processing the salaries of Kurdistan Regional Government (KRG) employees under the “My Account” project, a government initiative aimed at modernizing banking and promoting economic development in the Region.
In a statement, the IDB said it operates 33 branches across Iraq, including two in Erbil and one each in Sulaymaniyah and Duhok. The bank also provides ATM services covering all Kurdistan Region provinces, offering employees access to a range of banking services.
“Our services include personal loans, small enterprise financing, and internationally accepted bank cards at official Central Bank of Iraq rates. We also provide various digital banking services, such as mobile applications,” an IDB representative said.
The “My Account” project, launched by the KRG’s Ninth Cabinet, aims to integrate advanced banking systems into public services and support the region’s transition to e-governance. Participating banks include World Bank, RT Bank, Bank of Baghdad, Islamic Bank of Iraq, National Bank of Iraq, TBI, BBAC Bank, and IDB.
The KRG ministry of finance reported that nearly 700,000 employees have registered for the program, gaining access to financial services provided by the partner banks.
The initiative is part of broader efforts to modernize the banking sector in the Kurdistan Region and streamline government services, ensuring employees have easy and secure access to their salaries and banking options.
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