🇩🇪🤝 German Embassy: ‘Access to Finance Guide’ Will Strengthen Iraq’s Financial Sector
September 3, 2025 – Baghdad
Roland Westebe, Chargé d'Affaires at the German Embassy in Iraq, confirmed the importance of the newly launched Access to Finance Guide, calling it a "strategic step" to support small and medium-sized enterprises (SMEs) in Iraq.
🏦 Financial Access for SMEs
Westebe explained that while many financial services exist in Iraq, SMEs often struggle to access them due to:
Lack of transparency
Limited public information
Services being offered through private or complex channels
The new guide aims to:
Act as a central resource for SMEs
Clearly outline available financial services
Show how to access and evaluate them
🗣️ “This project is a major strategic step to improve access to financing for small and medium-sized enterprises and enhance Iraq’s financial sector,” said Westebe.
🧩 Joint Cooperation
The initiative is part of a broader collaboration between:
The German government
The Central Bank of Iraq
The Iraqi Association of Banks
Westebe reiterated Germany's long-term commitment to supporting Iraq’s financial development, noting that this guide will serve as a cornerstone for SME growth and economic reform.
🔗 Source: Buratha News
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