CBI and Renewable Energy Support in Iraq

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The Central Bank of Iraq organized a workshop to support the use of renewable energy sources in Iraq.

The workshop discussed the opportunities for using renewable energy generation methods and the Central Bank's initiative to finance it in a way that contributes to strengthening the national economy.

In a speech during the workshop, the Deputy Governor of the Central Bank stressed that this bank is committed to enriching and supporting Iraq's economy by adopting initiatives that reduce waste in state funds and leave dependence on traditional sources in generating electricity.
 

The deputy governor added that banks and insurance companies should actively contribute to providing the best offers to citizens in the field of energy, with their efforts to educate consumers about the preference of renewable energy in terms of costs and the preservation of the environment.
 

The head of the Central Organization for Standardization and Quality Control and Manager of Baghdad Center for Renewable Energy and Sustainability presented their papers on this vital subject.
 

The workshop was attended by representatives of banks, insurance companies, and several investors interested in this matter.

It is noteworthy that the Central Bank launched an initiative to finance the acquisition of energy production units from renewable sources in cooperation with the Ministry of Environment and the Higher Committee for Lending through the banking sector.

 

Central Bank of Iraq
      Media Office
September 16, 2021