🚀 Big Moves in Iraq’s Banking Sector! Central Bank Governor Meets IFC Rep to Boost Finance & Reform 🚀
On August 13, 2025, Governor Ali Mohsen Al-Alaq of the Central Bank of Iraq met with Bilal Al-Saghir, Resident Rep of the International Finance Corporation (IFC) in Iraq, to discuss:
✅ Strengthening cooperation between CBI & IFC, especially on training banking personnel
✅ Plans to sign a memorandum of understanding soon — leveling up Iraq’s banking expertise
✅ Proposal to create a leasing company to finance projects and SMEs without asset purchases — making funding more flexible and accessible
✅ Banking reform plan with Oliver Wyman moving forward, aligned with international standards to restore Iraqi banks’ global transaction capabilities
This partnership marks a major step towards a stronger, more modern Iraqi banking system ready for global integration! 🌍💼
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