Article: “Al-Ahly of Iraq signs a strategic agreement with the Ministry of Finance to activate the sovereign guarantees program.” Quote: “This agreement aims to enable Iraqi banks to contribute to providing long-term credit facilities for national projects, through guarantees …This will help reduce financing risks and encourage the private sector and local and international investors to enter the Iraqi market with greater confidence…This step…aims to diversify sources of income, boost non-oil revenues, and enable the banking sector to play a greater role in supporting sustainable development and achieving the national economic vision.“
