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Baghdad, Iraq, October 24, 2021- To support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related …
The debt and equity package includes US$250 million from IFC''s own account and US$125 million from Bank Audi, which includes IFC''s first Islamic syndicated loan. Mass Global Energy …
On Tuesday the 29th of June 2021, Basrah Gas Company (BGC) and International Finance Corporation (IFC) announced the signing of US$360 million, five-year loan agreement, that aligns with the Government of Iraq''s vision to …
Baghdad, Iraq, June 29, 2021—IFC is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world, helping to improve energy access, …
The Minister of Finance indicated, according to the statement, that "financing the project loan will contribute effectively to increasing the efficiency of electric power …
Annual Monetary Policy Report 2022 _____ Central Bank of Iraq b private sector, especially loans that were overdue on small & medium enterprises SMEs, in addition to extend settlement …
It will support Iraq''s transition to a lower-carbon path and improve access to a domestic energy source, helping the country meet its growing power needs. IFC, a member of the World Bank Group, is the lead arranger of the five-year, $360 …
The project benefits from long-standing engagements of the World Bank Group in Iraq''s energy sector. Iraq joined the Global Gas Flaring Reduction initiative in 2011 and …
Iraq has a deficit of 13,000 megawatts of electricity. The Central Bank has decided to install solar power systems on its Baghdad buildings. The Central Bank of Iraq has …
The Central Bank of Iraq (CBI) has called on licensed banks to facilitate those wishing to obtain loans from the Renewable Energy Initiative. It said that borrowers have a right to choose the …
CBI directs to facilitate the procedures of Granting Loans to purchase renewable Energy Systems. CBI called on licensed banks to facilitate the procedures for those wishing to obtain loans of …
To encourage renewable energy, Iraq''s Central Bank in 2022 announced the allocation of $750 million in almost zero-interest loans for individuals and private companies adopting solar power.
The electricity infrastructure in Iraq has suffered from inadequate maintenance since the 1980s. Power outages are part of daily life in Iraq, but older generations can vividly …
announced the signing of US$360 million, five-year loan agreement, that aligns with the Government of Iraq''s vision to maximise utilisation of its natural gas resources and …
Life insurance contracted through ADIR, a member of the Byblos Bank Group, covering the entire loan amount Guarantees set by the Bank depending on loan amount and loan purpose. Loans …
Advanced Clean Energy Storage Conditional Commitment. First, LPO offered a conditional commitment for a $504.4M loan guarantee to the Advanced Clean Energy Storage Project, which would be a first-of-its-kind …
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