The Central Bank of Iraq received a delegation from the European Bank for Reconstruction and Development (EBRD) in Baghdad to discuss the steps required for the EBRD to start work in Iraq in September 2025, following completion of the procedures for Iraq’s accession. Governor Ali Mohsen Al-Alaq reviewed ongoing financial and banking reform plans, the Central Bank of Iraq’s role in monetary stability, price-level stability and inflation control, and measures to shift towards banking digitisation and modern financial technologies, alongside financing initiatives aimed at supporting economic sectors. The EBRD delegation expressed readiness to provide technical support and financing to help restore and modernise infrastructure, support a transition towards a green economy, and strengthen the role of the private sector in Iraq’s economic growth.
Central Bank of Iraq 2025-05-22
Central Bank of Iraq discusses EBRD’s planned September 2025 start and technical support for banking reforms
The Central Bank of Iraq hosted a delegation from the European Bank for Reconstruction and Development (EBRD) to discuss EBRD's planned operations in Iraq starting September 2025, focusing on financial reforms, banking digitisation, and economic support initiatives. The EBRD expressed readiness to offer technical support and financing for infrastructure modernization, green economy transition, and private sector growth.