Arab Monetary Fund supports Iraq’s National Financial Inclusion Strategy 2025–2029 with targets to lift account ownership to 50% by 2030

The Arab Monetary Fund supported the launch of Iraq’s National Financial Inclusion Strategy 2025–2029, unveiled at an official conference in Baghdad under the patronage of Prime Minister Mohammed Shia’ Al-Sudani and organised by the Central Bank of Iraq with international partners. The strategy sets out a national framework to expand access to financial services, with a strong emphasis on digital solutions and on reaching underserved groups. Key targets include increasing the share of adults with bank or digital accounts to 50% by 2030 from 11% currently, reducing the gender gap in access to financial services to 3.5 percentage points, and raising the use of digital payments to 85%. The implementation framework includes governance and continuous monitoring arrangements, public and private sector coordination, improvements to financial infrastructure, support for digital innovation, and nationwide financial literacy efforts, with the Arab Monetary Fund contributing technical expertise and regional coordination through the Financial Inclusion for the Arab Region Initiative.