✅ Key Points:
Strategic agreement signed between Iraq’s Ministry of Finance and the National Bank of Iraq to activate the Sovereign Guarantees Program — a game-changer for funding national projects.
Program will enable Iraqi banks to offer long-term credit backed by government guarantees, reducing risks for international lenders and attracting more foreign and local investors.
Focus on boosting critical sectors: industry, energy, housing, and other government-prioritized areas.
Strengthens public-private partnerships and empowers the local banking sector to play a bigger role in economic growth.
Aligns with Iraq’s broader financial reforms aimed at diversifying income sources and increasing non-oil revenue streams for sustainable development.
This initiative is a major step towards building confidence in Iraq’s economy and accelerating the nation’s vision for progress.