TBI, Industrial Bank to cooperate to Fund Projects in Iraq
The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, participated in the Iraq Energy 2025 Conference in Baghdad, organised by the Iraq Development Platform.
During a panel discussion, the Governor highlighted the CBI's adoption of non-traditional monetary policies aimed at economic stability. He emphasised the bank's role in financing diverse projects, including renewable energy initiatives, through direct and indirect support.
Al-Alaq announced a forthcoming initiative to finance major industrial projects.
He added that the Council of Ministers approved enhancing cooperation between government banks to finance industrial projects through the Industrial Bank, in cooperation with the Trade Bank of Iraq (TBI), to boost the industrial sector's contribution to Iraq's economy.
(Source: CBI)
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