According to informed sources, the Central Bank of Iraq is delaying the launch of financing initiatives despite Prime Minister Mohammed Shia al-Sudani’s request.
In light of the current housing crisis, sources stated that the Central Bank has launched financing initiatives since 2015 to assist the private sector in establishing industrial, agricultural, and commercial projects as well as to finance the purchase of housing units.
Prime Minister Mohammed Shia al-Sudani, according to a document, instructed the Central Bank of Iraq to reactivate its financing initiative.
The sources claim that despite the fact that the Prime Minister’s orders benefit the Iraqi economy by initiating the development initiative, the Central Bank of Iraq is still delaying them.
According to the sources, the initiatives of the Central Bank had benefited thousands of citizens and contributed to private sector growth.
