Sources: Central Bank “delaying” implementation of Al-Sudani’s directives to launch financing initiatives

Shafaq News / The Central Bank of Iraq is delaying the launch of financing initiatives despite the request of Prime Minister Mohammed Shia al-Sudani, according to informed sources.

The sources told Shafaq News Agency that the Central Bank has launched financing initiatives since 2015 to help the private sector establish their industrial, agricultural and commercial projects, in addition to financing the purchase of housing units in light of the current housing crisis.

According to a document, Prime Minister Mohammed Shia al-Sudani directed the Central Bank of Iraq to reactivate the financing initiative provided by the Central Bank of Iraq.

According to the sources, the Central Bank of Iraq is still delaying the Prime Minister’s directives, although they serve the Iraqi economy by activating the development initiative.

The sources pointed out that the Central Bank’s initiatives had benefited thousands of citizens and contributed to achieving growth in the private sector.

Shafaq.com