The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives

Central Bank Governor Mustafa Ghaleb scary

Update 06/26/2022 - 1:07 AM

Economy News - Baghdad

The Governor of the Central Bank, Mustafa Ghaleb Mikhaif, announced that the Central Bank has launched development initiatives that exceeded 17 trillion dinars so far.

A statement by the Central Bank, received by Al-Iqtisad News, said, "The Central Bank of Iraq organized, today, Thursday, in cooperation with the ministries of environment, agriculture and water resources, the Association of Iraqi private banks and the private sector, a specialized workshop on climate change, desertification and national security. "

The Governor of the Central Bank of Iraq, Mustafa Ghaleb, said during a speech at the opening of the workshop, that climate change, desertification and water shortage represent a frightening trinity that has introduced humanity and its official and societal bodies to the utmost caution and caution because it has threatened its national security and the future of its generations, but also its present .

He added, that the Central Bank of Iraq has intervened through financial facilitation measures and development initiatives, the total of which has exceeded (17) trillion so far, pointing out that when we studied with the Ministry of Environment the risks of climate change and thermal emissions, we decided to face challenges related to clean energy and sustainability, and we also launched an initiative to finance the purchase of units Generating electricity from renewable energy at an amount of (1) trillion dinars .

In turn, the ministers praised during the workshop the initiatives of the Central Bank of Iraq and the support it gives towards a green economy, reviewing the danger of climate changes to the future of Iraq and the countries of the world, stressing the need to combat those climate changes by investing in the environmental aspect .

At the conclusion of the workshop, a number of recommendations were established, most notably the need for all government institutions and the private sector to cooperate to confront the risks of climate change and desertification, raise awareness of taking official and societal measures, encourage the public to switch to the use of electricity generation sources from renewable energy, and provide the necessary financial support to all sectoral ministries in order to Rationalization of water uses .

A number of ambassadors of Arab and foreign countries and representatives of international institutions, in addition to representatives of ministries and some governorates and directors of relevant authorities, participated in the workshop .

https://economy-news.net/content.php?id=28513