61 Days
Source:
وكالة بغداد اليوم الاخبارية
Central Bank raises ceiling for Small and Medium Enterprise Financing Initiative
The Central Bank of Iraq announced an increase in the funding limit for the small and medium enterprises (SME) initiative, aimed at strengthening banks' ability to meet financing requests and expand the beneficiary base to include entrepreneurs and business owners. This step is part of efforts to support economic development and achieve sustainability. Additionally, the bank announced the development of an initiative to finance renewable energy projects, especially solar energy, to encourage the reliance on clean energy sources and reduce carbon emissions. The bank is working to expand financing channels and simplify the procedures for obtaining funding, thereby promoting financial inclusion and stimulating economic activity in Iraq.
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