The Governor of the Central Bank of Iraq (CBI) participates in the Iraq Energy Conference 2025

His Excellency the Governor of CBI, Mr. Ali Mohsen al-Alaq, participated in the Iraq Energy Conference 2025 organized by the Iraq Development Platform in Baghdad.

His Excellency the Governor said in a dialogue session on the sidelines of the Iraq Energy Conference 2025: CBI is one of the global banking institutions that adopts unconventional monetary policies, and it is concerned with achieving economic stability.

His Excellency stressed that CBI intervenes in supporting and financing various projects through its various initiatives, including renewable energy projects, whether through direct or indirect support, pointing to the importance of monetary and financial stability, which is no less important than political and security stability.

He added that the Council of Ministers agreed on enhancing the cooperation among state-owned banks of a financial surplus to finance industrial projects through the Industrial Bank, as it is the competent authority in this field, indicating the imminent launch of this major initiative, in cooperation with Trade Bank of Iraq (TBI), which will work to finance important industrial projects that will raise the rate of the industrial side contribution to the overall economy of Iraq.

 

Central Bank of Iraq

Media Office

January 28, 2025