On May 25, 2024, The Central Bank of Iraq, in cooperation with the German Agency for International Cooperation (GIZ), held a ceremony to launch the National Strategy for Banking Credit for the period from 2024 to 2029. And that is at the Babylon Hotel in Baghdad.
The Iraqi Company for Financing Small and Medium Enterprises (ICF) participated in the event, which was attended by a number of officials. And representatives of diplomatic missions, Organizations in Iraq, In addition to wide participation from public and private sector institutions.
His Excellency the Governor of the Central Bank of Iraq confirmed that. Mr. Ali Mohsen Al-Alaq emphasized during his speech at the celebration the importance of expanding financial inclusion in Iraqi society. Especially through supporting the activities of small and medium-sized companies, which are the backbone of the economy.
He pointed out that employing the workforce is a priority for the central bank. Continuing its initiatives to support small and medium-sized projects, Which will culminate in the launch of the Riyada Bank supported by the Central Bank of Iraq and with the participation of private banks.