SAUDI ARABIA

Central Bank of Iraq, AGFUND to cooperate in financial inclusion, financial education, digitization

October 22, 2021

RIYADH — The Iraqi delegation headed by Central Bank of Iraq Governor Mustafa Ghaleb Alkattab paid a visit to the Arab Gulf Program for Development (AGFUND) Thursday. Dr. Abdulsattar Al-Jnabi, Ambassador of Iraq in Saudi Arabia, and Executive Director of AGFUND Dr. Nasser Alkahtani also attended.

Prince Abdulaziz Bin Talal, president of AGFUND, met the delegation. The two parties held a meeting in which they signed a memorandum of understanding that aims at cooperating in financial inclusion, financial education, and digitization. Besides, other common interests in development were discussed during the meeting.

AGFUND has established nine banks for financial inclusion that exist in nine countries, namely: Jordan, Yemen, Bahrain, Syria, Lebanon, Sudan, Palestine, Mauritania, and Sierra Leone.

Those banks provide the target beneficiaries with several banking products and services including: microloans, savings, transfers, and insurance. AGFUND’s banks employ 1,357 individual and more than 6 million beneficiaries have enjoyed receiving products and services provided by the banks. — SPA


October 22, 2021
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