Al-Sudani chairs a meeting to activate procedures for financing industrial initiative projects.
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The Iraqi Prime Minister chaired a meeting devoted to approving recommendations for activating financing procedures for industrial initiative projects. The meeting was attended by the Minister of Finance, the Governor of the Central Bank, and a number of advisors and members of relevant committees. During the meeting, progress was reviewed in implementing the industrial initiative, a key pillar of the government's development support policy. A detailed report was also presented on the position of government banks participating in the initiative, which has seen progress in the number of projects funded. Al-Sudani stressed the importance of expediting industrial loan transactions and addressing incomplete applications. This should be achieved by enhancing coordination between the Ministry of Finance, the Central Bank, and government banks to streamline promotion and financing procedures and ensure fairness and transparency in loan granting, particularly for projects with real economic feasibility across various sectors, to support national production. He also directed that the Industrial Bank undertake lending for the projects and investment opportunities presented at the Iraq Investment Forum held in Baghdad, considering them to be unique projects that represent strategic opportunities to support the national economy and enhance partnerships between the public and private sectors. The Prime Minister pointed out that the industrial initiative represents a national platform for supporting the private sector, stimulating local production, and reducing reliance on imports. He explained that the increasing demand for industrial financing reflects a positive shift in businesspeople's orientation toward establishing factories and productive projects.
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Adnan Dirjal to Al-Sudani: You have been the biggest supporter since you took office until now
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about 9 hours ago
Iraq news
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Iraq news
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The Iraqi Ministry of Interior announces that a foreign journalist has been kidnapped by unknown individuals
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Iraq news
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Minister of Interior: Dismisses security leaders in Al-Mada'in sector and orders their detention following the targeting of Baghdad Airport
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5 days ago
