The Central Bank To Nina: We Will Launch A Major Initiative To Finance Industrial Projects
Sunday, March 30, 2025 | Economic Number of reads: 394 Baghdad / NINA / The Central Bank of Iraq announced its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.
The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), "We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank, by taking advantage of the liquidity available at the Trade Bank of Iraq and recycling these funds in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will see the light soon.
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He added, "This initiative was recently proposed by the Council of Ministers, within the framework of the government banking sector reform program and government procedures with the Central Bank, indicating that the Council of Ministers agreed to have cooperation between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."
He explained that "all other projects are financed according to their sectoral channels, within the general government direction to support industrial, agricultural, housing, education, health, investment and other projects." / End https://ninanews.com/Website/News/Details?Key=1194954
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