šŸ‡©šŸ‡ŖšŸ¤ German Embassy: ā€˜Access to Finance Guide’ Will Strengthen Iraq’s Financial Sector

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Ā šŸ‡©šŸ‡ŖšŸ¤ German Embassy: ā€˜Access to Finance Guide’ Will Strengthen Iraq’s Financial Sector

September 3, 2025 – Baghdad
Roland Westebe, Chargé d'Affaires at the German Embassy in Iraq, confirmed the importance of the newly launched Access to Finance Guide, calling it a "strategic step" to support small and medium-sized enterprises (SMEs) in Iraq.

šŸ¦ Financial Access for SMEs

Westebe explained that while many financial servicesĀ exist in Iraq, SMEs oftenĀ struggle to access themĀ due to:

  • Lack of transparency

  • Limited public information

  • Services being offered throughĀ private or complex channels

The new guide aims to:

šŸ—£ļøĀ ā€œThis project is a major strategic step to improve access to financing for small and medium-sized enterprises and enhance Iraq’s financial sector,ā€Ā said Westebe.

🧩 Joint Cooperation

The initiative is part of aĀ broader collaboration Ā between:

  • TheĀ German government

  • TheĀ Central Bank of Iraq

  • TheĀ Iraqi Association of Banks

Westebe reiterated Germany'sĀ long-term commitmentĀ to supporting Iraq’s financial development, noting that this guide will serve as aĀ cornerstone for SME growthĀ andĀ economic reform.


šŸ”—Ā Source:Ā Buratha News


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