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KTFA
Clare » December 11th, 2024
Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer, and the Head of the Advisory Department.
During the meeting, they discussed strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of cooperation between local banks and correspondent banks with technical support from the Corporation, and the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the Bank in cooperation with the relevant authorities, especially the restructuring of government banks, and the role of international companies operating in this field (Ernst & Young and Oliver Wyman).
His Excellency the Governor discussed the proposal to establish a leasing company with local and foreign contributions, which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as machinery and industrial equipment, vehicles, offices, and warehouses. This proposal supports emerging projects and small and medium-sized companies looking for easy and flexible financing.
The meeting discussed the importance of launching Riyada Bank next year, which will support projects with small and medium-sized loans, in line with the government’s vision to support graduates and entrepreneurs and develop labor markets.
Central Bank of Iraq
Media Office
December 11, 2024
https://cbi.iq/news/view/2733
Governor of the Central Bank of Iraq receives the Czech Ambassador
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the Czech Ambassador to Iraq, Mr. Jan Schneidov, and the Economic Attaché at the Embassy.
During the meeting, they discussed economic and banking relations and how to enhance them to serve the interests of the two countries, in addition to cooperation in the field of training and building the capabilities of the financial and banking sector within the digital transformation process led by the Central Bank of Iraq with the support and integration of the Iraqi government.
It was agreed to train a team of employees from the Central Bank of Iraq and the Ministry of Finance in the Czech Republic with the support of the Czech Ministry of Finance.
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Central Bank of Iraq
Media Office
December 11, 2024
https://cbi.iq/news/view/2735
Source: Dinar Recaps
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