Germany: Access to Finance Guide to Boost Iraq’s Financial Sector

The Chargé d’Affaires of the German Embassy in Iraq, Roland Westebe, affirmed on Wednesday that the Access to Finance Guide is a strategic step for small and medium-sized enterprises, He also noted that cooperation with the Central Bank aims to strengthen and support the financial sector in Iraq for the coming years.

“The Access to Financial Services Guide offers many financial services, but SMEs are unable to access them because there is a lack of information available to them, or it may be privately offered,” Westebe told the Iraqi News Agency (INA).

He pointed out that “the guide will be the primary reference for small and medium-sized enterprises (SMEs) to understand the types of services provided and how to access and evaluate them.”

He added that “the project is a major strategic step towards improving access to financing for both small and medium-sized enterprises and enhancing the financial sector in Iraq, in cooperation with the Central Bank and the Association of Banks,” noting that “we will continue to provide support to the Iraqi financial sector in the coming years.”