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Central Bank Governor: Licenses for digital banks and renewable energy initiatives
May 19, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Regional Director for Equitable Growth, Finance and Institutions for the Middle East and North Africa, Mr. Nader Muhammad.
During the meeting, the strengthening of bilateral relations between the Central Bank of Iraq and the World Bank was discussed, especially the restructuring of government banks and the launch of the Riyada Bank project and its economic and social importance.
The two parties also discussed the experiences of neighboring countries in confronting climate change and its impact on the national and regional economy.
The meeting discussed
small and medium enterprises and their support by the Central Bank, the
development of the financial and banking sector,
non-banking financial institutions,
financial markets and the
insurance sector,
as well as benefiting from the World Bank’s experiences in
digital transformation,
financial inclusion, and
digital banks. During the meeting,
His Excellency the Governor reviewed the plan of the Central Bank of Iraq in structuring the banking sector, indicating that
this bank has completed the first phase of the plan and has begun the second phase.
His Excellency stated that the Board of Directors of the Central Bank licensed the green bank, which will be the nucleus of renewable energy and sustainable financing initiatives.
Revealing the intention of the Central Bank of Iraq to license a number of digital banks.
Central Bank of Iraq
information Office
May 19, 2024
https://cbi.iq/news/view/2586
May 19, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Regional Director for Equitable Growth, Finance and Institutions for the Middle East and North Africa, Mr. Nader Muhammad.
During the meeting, the strengthening of bilateral relations between the Central Bank of Iraq and the World Bank was discussed, especially the restructuring of government banks and the launch of the Riyada Bank project and its economic and social importance.
The two parties also discussed the experiences of neighboring countries in confronting climate change and its impact on the national and regional economy.
The meeting discussed
small and medium enterprises and their support by the Central Bank, the
development of the financial and banking sector,
non-banking financial institutions,
financial markets and the
insurance sector,
as well as benefiting from the World Bank’s experiences in
digital transformation,
financial inclusion, and
digital banks. During the meeting,
His Excellency the Governor reviewed the plan of the Central Bank of Iraq in structuring the banking sector, indicating that
this bank has completed the first phase of the plan and has begun the second phase.
His Excellency stated that the Board of Directors of the Central Bank licensed the green bank, which will be the nucleus of renewable energy and sustainable financing initiatives.
Revealing the intention of the Central Bank of Iraq to license a number of digital banks.
Central Bank of Iraq
information Office
May 19, 2024
https://cbi.iq/news/view/2586
