The Iraqi Private Banks League attended the first meeting of the Supreme Executive Committee for the National Strategy for Bank Lending in Iraq, established under Executive Order No. 51 of 2024, chaired by Central Bank Governor Ali Al-Alaq.

The meeting discussed the crucial role of the banking sector and both public and private institutions in implementing this strategy, focusing on the execution of its main pillars and subsidiary goals.

Ali Al-Alaq emphasized that the National Strategy for Bank Lending aims to stimulate and energize Iraq's economy while fostering growth across various sectors. The strategy supports the establishment and expansion of small, medium, and large projects.
He stressed the importance of cooperation among relevant stakeholders to ensure the success of this initiative, which is a national priority aimed at creating job opportunities for young people, harnessing their potential, and driving economic growth across different sectors.

The Central Bank of Iraq launched the National Strategy for Bank Lending for 2024-2029 on May 25, 2024, in the presence of several officials, representatives of diplomatic missions, and international organizations. The event outlined the strategy's main themes and the mechanisms for implementation, assigning specific responsibilities to each entity.