Iraq's Central Bank has announced the launch of a guide for accessing financing for medium, small and micro enterprises, in cooperation with the German International Cooperation Agency and the Iraqi Private Banks Association, Shafaq News reported on August 17.
Deputy Central Bank Governor Ammar Khalaf said during the guide's launch ceremony that Iraq has witnessed multiple entities providing loans, prompting the Central Bank, through the national lending strategy, to develop a guide that complements this strategy.
The guide allows entrepreneurs to develop their businesses and serves as a mature and informative destination for all loans, providing a new opportunity for easier access and faster procedures to obtain financing, Khalaf said.
The deputy governor noted that the banking reform strategy adopted by the Central Bank will support procedures for accessing project financing according to a clear vision, to enhance confidence in the Iraqi banking system.
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