CBI raises the financing needed for its development initiatives to 18 trillion dinars

Baghdad-INA 

The Central Bank of Iraq announced raising the necessary funding for its development initiatives to 18 trillion dinars.

Тhe Central Bank said in a statement received by the Iraqi News Agency (INA), that "the financing necessary for the development initiative is continuing," noting that "it was decided to raise its financial amounts to reach 18 trillion dinars."

He added, "This increase in the amounts of financial allocations comes in response to the success achieved in the development initiatives launched by the Central Bank of Iraq in financing various private sector projects and housing loans," noting that "this increase will contribute to financing economic development projects, increasing local production and reducing unemployment by providing job opportunities, as well as contributing to supporting various government efforts to confront climate change.

It is noteworthy that the investment portfolio of the Central Bank of Iraq represents a real support and a catalyst for economic growth along with the various government efforts .