Baghdad \u2013 The Iraqi Private Banks League (IPBL) has launched a guide to facilitate private-sector access to financing, supporting businesses and strengthening the national economy. According to a Sunday (17) announcement, the \u201cGuide to Accessing Finance in Iraq\u201d was created in collaboration with the German development agency GIZ and sponsored by the Central Bank of Iraq.<\/p>\n\n\n\n
The guide is \u201ca fundamental tool for empowering entrepreneurs, small and medium-sized enterprises, and all those seeking to contribute to building our national economy,\u201d said IPBL Executive Director Ali Tariq, Iraqi state news agency INA<\/a> reported.<\/p>\n\n\n\n The director said that many creative ideas and promising projects are unable to move forward due to a lack of clear information on funding sources, available mechanisms, and required procedures. Tariq added that the guide compiles tools and financing options available through banks, financial institutions, and government or international programs.<\/p>\n\n\n\n Access to credit is one of the main challenges for youth and the private sector, according to the executive director of the banks league. \u201cWe are entering a pivotal stage in Iraq\u2019s development journey, where the state is working to strengthen and expand the role of the private sector as a partner in building the economy and diversifying income sources,\u201d he said.<\/p>\n\n\n\n Read more<\/em>: Translated by Guilherme Miranda<\/strong><\/p>\n
Iraq works with FAO to enhance food production<\/a><\/p>\n\n\n\n