By John Lee.
The Central Bank of Iraq (CBI) has decided to allocate additional funding amounting to approximately 3 trillion dinars [$2.3 billion] to facilitate housing loans through the Real Estate Bank and the Iraqi Housing Fund, supporting the government's housing initiatives.
According to the state-run Iraqi News Agency (INA), the Central Bank has instructed the Real Estate Bank and the Iraqi Housing Fund to develop a detailed plan for processing loan applications from citizens, adhering to government directives and their respective regulations, ensuring fairness and prioritizing completed or ongoing applications.
Additionally, the Central Bank's Board has urged the government and the Parliament to support the Real Estate Bank and the Iraqi Housing Fund by allocating an annual budget to enhance their capital, enabling them to effectively provide housing loans to citizens.
(Source: INA)
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