Al-Zaydi makes 5 decisions to stimulate the economy and finance projects
Al-Zaydi makes 5 decisions to stimulate the economy and finance projects
2026-10-04
Shafaq News – Baghdad
On Sunday, Iraqi Prime Minister Ali al-Zaidi announced a package of initiatives and measures aimed at revitalizing the market, stimulating economic activity, and strengthening the role of the banking sector in financing productive and investment activities.
This came during his chairmanship of a meeting that included the Minister of Finance, the Governor of the Central Bank of Iraq, the Head of the Board of Advisors, a number of advisors, general managers of government banks, and representatives of private banks, which was dedicated to discussing a number of initiatives and procedures aimed at revitalizing the market, stimulating economic activity, and enhancing the role of the banking sector in financing productive and investment activities, according to a statement issued by his office and received by Shafaq News Agency.
During the meeting, ways to stimulate economic sectors, particularly industry, agriculture, housing, construction, tourism and services, and to provide the necessary financing for projects, were discussed, in order to contribute to increasing economic activity, supporting the private sector and providing job opportunities.
The meeting resulted in five decisions and executive measures, which were immediately implemented, as follows:
Directing the Central Bank of Iraq’s existing initiatives towards the real estate and housing sector with an amount of one trillion dinars, which will contribute to revitalizing this sector and the economic sectors associated with it.
Boosting the liquidity available to the Iraqi Trade Bank and the Industrial Bank by an additional amount of no less than one trillion dinars, to be directed towards financing industrial projects and supporting productive activity.
The Ministry of Finance is funding contractors’ dues with an amount of 500 billion dinars, which will contribute to enhancing liquidity for companies and contractors and ensuring the continuation of project implementation.
Paying farmers their dues in the amount of 500 billion dinars, to support the agricultural sector and enhance economic activity in this sector.
The Generations Fund initiative will be strengthened with an additional 500 billion dinars, added to its current balance of one trillion dinars, thereby enhancing its ability to finance targeted initiatives and projects.
The Prime Minister stressed the importance of expediting the implementation of the decisions taken, and transforming the financing initiatives into actual measures that directly impact market activity, while monitoring implementation and coordination between the Ministry of Finance, the Central Bank, banks and relevant authorities.
For its part, the Central Bank of Iraq affirmed its readiness to support the stability of banking operations and to provide a monetary and financial environment that supports economic activity, within the framework of the approved monetary policy, and in a way that serves development and financial and monetary stability in Iraq.
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