Al-Sudani issues several directives regarding granting loans.
Al-Sudani issues several directives regarding granting loans.
2025-10-05 06:25
Shafaq News – Baghdad
Prime Minister Mohammed Shia al-Sudani issued several directives on Sunday regarding the granting of loans of all kinds.
Al-Sudani’s media office said in a statement received by Shafaq News Agency, “Al-Sudani chaired a meeting dedicated to approving recommendations for activating procedures for financing industrial initiative projects, in the presence of the Minister of Finance, the Governor of the Central Bank, and a number of advisors and members of the relevant committees.”
He added, “During the meeting, progress was reviewed on the implementation of the industrial initiative, which is one of the main pillars of the government’s policy to support development. A detailed report was also reviewed on the position of the government banks participating in implementing the initiative, which has recorded progress in the number of projects funded.”
He continued, “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 granting loans, particularly for projects with real economic feasibility across various sectors to support the national production cycle.”
Al-Sudani 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 noted that “the industrial initiative represents a national platform to support the private sector, stimulate local production, and reduce 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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