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The Governor of the Central Bank of Iraq receives experts from the International Finance Corporation (IFC).
May 11, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received today, Thursday, a delegation of experts from the International Finance Corporation (IFC) affiliated to the World Bank, headed by Mr. (Marcel Rashid), the supervisor of financial market projects in the Levant region.
During the meeting, ways of developing the relationship between the Central Bank of Iraq and the International Finance Corporation were discussed, and a
plan was drawn up to establish a (loan guarantee company), which was proposed by the governor earlier as part of a comprehensive study he presented regarding building the bases for a national strategy for bank lending,
while the staff of the Central Bank is responsible for building the national strategy. lending according to the rules.
The establishment of a loan guarantee company is an important factor in stimulating lending, by reducing the rates of loan defaults that the banking sector in Iraq suffers from.
Central Bank of Iraq
information Office
11 - May – 2023
https://cbi.iq/news/view/2329
May 11, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received today, Thursday, a delegation of experts from the International Finance Corporation (IFC) affiliated to the World Bank, headed by Mr. (Marcel Rashid), the supervisor of financial market projects in the Levant region.
During the meeting, ways of developing the relationship between the Central Bank of Iraq and the International Finance Corporation were discussed, and a
plan was drawn up to establish a (loan guarantee company), which was proposed by the governor earlier as part of a comprehensive study he presented regarding building the bases for a national strategy for bank lending,
while the staff of the Central Bank is responsible for building the national strategy. lending according to the rules.
The establishment of a loan guarantee company is an important factor in stimulating lending, by reducing the rates of loan defaults that the banking sector in Iraq suffers from.
Central Bank of Iraq
information Office
11 - May – 2023
https://cbi.iq/news/view/2329
