World Bank announces its readiness to support Iraq

The World Bank announced today, Friday, its readiness to support Iraq by expanding the use of clean energy.

The Central Bank of Iraq said in a statement that, "the Governor of the Central Bank, Mustafa Ghaleb Mukhif, participated in the closing meeting of the World Bank's mission to enhance support for the Iraqi financial sector reforms program, which was held in Amman on Friday, May 20, 2022, at the head of A high-level delegation from the Central Bank and representatives of the Ministry of Finance. 

The statement added, "The mission reviewed the cooperation and support programs provided by the World Bank to the Central Bank and the Ministry of Finance to reform the financial sector and enhance its role in financing economic development.".

He pointed out, "It was agreed to continue cooperation between the above-mentioned entities to increase the financial depth, and the importance of green finance in the face of climate changes was also emphasized," 

noting that, "the World Bank expressed its willingness to assist the relevant Iraqi authorities in building a road map to expand the use of Clean energy, stressing "the importance of the initiative of the Central Bank of Iraq in supporting the financing of solar energy systems with an amount of one trillion dinars."



PUKmedia