The Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation (IFC)

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation (IFC) of the World Bank Group.
During the meeting, they discussed aspects of bilateral cooperation in the banking sector and developed it in line with global technologies, as well as presenting the latest developments on strategic projects implemented by the Central Bank in cooperation with the International Finance Corporation (IFC).
The two parties discussed the sustainable financing project, which is a key factor in achieving the Sustainable Development Goals by introducing banking products and services and developing banking operations in a manner that takes into account the elements of the environment, society and governance (ESG), and financing, lending and investment activities, to achieve a sustainable benefit for all concerned parties.
It is noteworthy that Iraq is the second Arab country to establish this project, while the Central Bank received the praise of the International Finance Corporation for its fruitful efforts to make a significant impact in the Iraqi banking sector to contribute to preserving the environment and support sustainable growth and community safety.
His Excellency the Governor reviewed an initiative to establish a green bank that the Central Bank is working to implement, while the delegation expressed their readiness to cooperate in the field of exchanging experiences and training to help establish this bank in line with the efforts of the institution and the Central Bank in supporting the private sector and medium and small projects, pointing to the openness of the Central Bank to all international financial and banking institutions in supporting Iraqi monetary policy.

Central Bank of Iraq
The media office
14 – July – 2023

https://cbi.iq/news/view/2377