The Central Bank Sponsors The Launch Of The Al-Fursan Entrepreneurship Program

 
June 25, 2025  The Central Bank of Iraq hosted a celebration announcing the launch of the "Fursan" program, an Iraqi-inspired initiative under the direct sponsorship of His Excellency the Governor of the Central Bank of Iraq.
 
The program serves as a realistic investment program for entrepreneurs, aiming to   create real opportunities for youth and  enhance the role of the private sector in developing the national economy.

In his speech at the ceremony, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, emphasized that the Central Bank of Iraq has prioritized supporting projects related to the youth segment, which contributes to the local economy with products and services that contribute to raising the gross domestic product, ensuring an effective role in this regard.
 
In light of the recent reforms, the Iraqi banking sector can also focus on supporting income-generating small and medium-sized enterprises that directly support the private sector.
 
The "Fursan" program helps participants  access investment opportunities and     obtain soft loans for those who qualify.  The program also provides a safety net that ensures the  continuity of promising projects and   prevents their failure.
 
These projects serve as incentives for innovative youth and   create new job opportunities
that contribute to sustainable economic and social development in Iraq.
 
A group of young people presented their projects,  highlighting the products they offer and their assessment of market demand and available potential, with the hope that other entrepreneurs will join them in the future. Central Bank of Iraq  Media Office  June 25, 2025  https://cbi.iq/news/view/2917