CBI Governor assures the banking sector's support for economic development
May 25, 2022
CBI Governor assures the banking sector's support for economic developmentHis Excellency, the Governor of the Central Bank of Iraq, Mr. Mustafa Ghalib Mukheef, affirmed the Central Bank's commitment to support and develop the Iraqi banking sector to expand financing for economic development and electronic payments system and increase the level of financial inclusion. His Excellency stressed the banking sector's resilience in the face of significant challenges, as most of the banking sector indicators witnessed, and still are, positive growth during the year 2021. During his speech at the Conference on Sustaining Economic Growth organized by the Iraqi-British Business Council in the British capital, London, on Tuesday,His Excellency pointed out that the Central Bank's initiatives have supported economic recovery and contributed to ensuring a reasonable level of employment in the complex conditions that the country has gone through. Adding that, we continue to support efforts to confront climate changes with other government institutions, as the Central Bank allocated an initiative for one trillion dinars to finance the purchase of clean energy systems. It is noteworthy that the conference witnessed the participation of several government officials, private banks, and the Iraqi and British private sectors and discussed the investment files and the white paper prepared by the government as a plan for advancing the Iraqi economy.Central Bank of IraqMedia Office25 May 2022
