CBI launches national financial inclusion strategy for 2025-2029 with international support
Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) announced on Sunday (May 25, 2025) the launch of its Initial National Financial Inclusion Strategy for the period 2025-2029. This comprehensive framework aims to enable all individuals and companies in Iraq to access and use suitable, secure financial services while ensuring their rights are protected.
CBI Governor Ali Mohsen Al-Allaq emphasized the bank's commitment to enhancing financial inclusion. He noted the strategy was developed in collaboration with international partners including the World Bank Group, Arab Monetary Fund, Alliance for Financial Inclusion (AFI), and Germany's GIZ, alongside local public and private entities, aligning with global best practices.
Key objectives include increasing the percentage of bank accounts, strengthening consumer protection in financial dealings, promoting the use of modern electronic payment methods, and developing the necessary infrastructure and regulations.
The strategy is envisioned as a crucial step towards fostering Iraq's economic and social development by broadening access to the financial sector for all segments of society.
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