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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 CBIs adoption of non-traditional monetary policies aimed at economic stability. He emphasised the banks 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 sectors contribution to Iraqs economy. |
