The initiatives of the Iraqi Central Bank for housing lending amount to 11 trillion dinars
Baghdad – Mawazine News
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Saturday, that the bank’s initiatives for housing lending have reached about 11 trillion dinars.
Al-Alaq said in a statement received by Mawazine News, that “there is an urgent need today to stimulate and diversify the Iraqi economy,” stressing that “the initiatives of the Central Bank of Iraq for housing lending launched through the Real Estate Bank and the Iraqi Housing Fund reached about (11) trillion dinars.”
Al-Alaq stressed the need to expand the base of financial inclusion in Iraqi society, especially the expansion of the activities of small and medium-sized companies, which are the backbone of the economy, pointing out that “the employment of labor is of interest and focus of the Central Bank and the continuation of its initiatives for small and medium enterprises, which will culminate in the launch of the Riyad Bank supported by the Central Bank of Iraq and the contribution of civil banks.”
He pointed out that “the development and implementation of the national lending strategy for the years 2024-2029 requires cooperation between a wide number of relevant and particing interest, to achieve the desired goal.”