The World Bank announces its readiness to support Iraq by expanding the use of clean energy

Friday 20 May 2022 18:01

Baghdad / NINA / - The World Bank announced today, Friday, its readiness to support Iraq by expanding the use of clean energy.

The Central Bank of Iraq said in a statement that "the Governor of the Central Bank, Mustafa Ghaleb Mokhif, participated in the closing meeting of the World Bank's mission to enhance support for the Iraqi financial sector reforms program, which was held in Amman on Friday, May 20, 2022, at the head of a high-level delegation from the Central Bank and representatives of the Ministry of Finance".

The statement added, "The mission reviewed the cooperation and support programs provided by the World Bank to the Central Bank and the Ministry of Finance with the aim of reforming the financial sector and enhancing its role in financing economic development."

He explained that "the mission focused on government bank reform methodologies, capacity building, support for the payments system, digital financial services, financial infrastructure, and measures to combat money laundering and terrorist financing."

He pointed out that "it was agreed to continue joint cooperation to increase the financial depth, and to emphasize the importance of green finance in the face of climate change," noting that "the World Bank expressed its willingness to assist the relevant Iraqi authorities in building a roadmap to expand the use of clean energy, stressing." The importance of the initiative of the Central Bank of Iraq in supporting the financing of solar energy systems with an amount of one trillion dinars

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