Official: CBI News 07/14/2023

[yota691]

The Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation (IFC)

 

  

 July 14, 2023

 

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His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation (IFC) of the World Bank Group.

During the meeting, they discussed aspects of bilateral cooperation in the field of the banking sector and its development in line with global technologies, as well as presenting the latest developments regarding the strategic projects implemented by the Central Bank in cooperation with the International Finance Corporation (IFC).

The two parties discussed the sustainable financing project, which is a key factor in achieving the goals of sustainable development through offering banking products and services and developing banking operations in a manner that takes into account the elements of environment, society and governance (ESG), and financing, lending and investment activities, to achieve sustainable benefit for all concerned parties.

It is noteworthy that Iraq is the second Arab country to establish this project, while the Central Bank was praised by the International Finance Corporation for its fruitful efforts in making a significant impact on the Iraqi banking sector to contribute to preserving the environment and supporting sustainable growth and societal safety. 

His Excellency the Governor reviewed an initiative to establish a green bank that the Central Bank is working on implementing, while the delegation expressed their willingness to cooperate in the field of exchanging experiences and training to help establish this bank in line with the efforts of the Corporation and the Central Bank in supporting the private sector and medium and small projects, pointing to the openness of the Central Bank to all International financial and banking institutions in supporting Iraqi monetary policy.

 

The Central Bank of Iraq,
Media Office, 
July 14, 2023

[Laid Back]

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.

 

Our financial products enable companies to manage risk and broaden their access to foreign and domestic capital markets. Investment services product lines include loans, equity investments, trade and commodity finance, derivatives and structured finance and blended finance.

 

We also play a catalytic role in mobilizing additional funding through parallel loans, loan participations, partial credit guarantees, securitizations, loan sales, risk sharing facilities and fund investments. By attracting new investors, we introduce our clients to new sources of capital and better ways of doing business.

 

Go development of private sector 

Go economic Growth 

Go stronger Dinar $1+

 

 

[JonnyV]

It’s the banking news that keeps reminding us that they are moving forward to be international.  It’s the other idiotic moves by the GoI that makes you wonder if they really want to RV.   

[yota691]

Parliamentary Finance announces its next hosting schedule

• Time: 07/14/2023 20:42:01
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• Read: 1,612 times

  

{Economic: Al Furat News} The Parliamentary Finance Committee announced the agenda of its hosting of officials during the coming period, and after Parliament resumed its sessions tomorrow, Saturday, after the end of its legislative recess.

 

Committee member Muhammad Nuri told {Euphrates News} agency: "The Finance Committee will start with hosting under its supervision."

And he indicated, "The hosting will include viewing opinions or organizing joint campaigns with financial authorities, such as the Financial Supervision Bureau, the Central Bank, government banks, the Ministry of Finance and the advanced staff in it."

Nuri added, "The hosts will include the financial authorities in some ministries to discuss their own financial matters."

 

Raghad Daham