The role of the Central Bank of Iraq in promoting financial inclusion in Iraq

Abstract

  Financial inclusion is one of the topics that have attracted the attention of central banks and financial institutions in all countries of the world, by working on preparing and implementing special strategies for this purpose. In this context, the Central Bank of Iraq has set within its strategy for the years (2016-2020) many directions, foremost of which is the expansion and development of financial inclusion, as it contributes to achieving stability and economic development by providing financial and banking services to various groups and contributing to efforts to fight poverty and improve the standard of living for citizens By providing financing at reasonable costs and expanding the range of beneficiaries of financial services and products, in addition to raising the contribution of banks and financial companies in financing investments and thus contributing to the process of economic development

  The research aims to identify the reality of financial inclusion in Iraq, by analyzing its most important indicators, and studying the extent to which each of the banks and non-bank financial companies contribute to achieving financial inclusion, in addition to studying the extent to which the Central Bank’s strategy contributes to raising the financial inclusion index through project financing initiatives. investment.