(The role of the development initiatives of the Central Bank of Iraq in achieving economic development)

Abstract

that the Iraqi economy witnessed in 2014, as it was described as the worst and most challenging year in the history of the Iraqi economy, which was a cause of economic stagnation. As a result, the Central Bank of Iraq presented initiatives in the last quarter of 2015 to be exceptional initiatives presented as an attempt to find mechanisms to address The problem of financing small, medium and large projects, as well as supporting specialized banks and the Housing Fund. The research problem relates to a set of questions, including what are the most important development initiatives taken by the Central Bank of Iraq in recent years, and what are the mechanisms used to measure and evaluate the success of these initiatives in achieving sustainable development goals, The research assumes that there is a positive relationship between the process of implementing development initiatives adopted by the Central Bank and achieving economic development. The research aims to introduce the Central Bank of Iraq and its role in supporting development initiatives, and to analyze the development initiatives of the Central Bank of Iraq by measuring some development indicators and the rates of implementation of the initiatives, and concludes The researcher reached a set of conclusions, the most important of which is that the Central Bank of Iraq adopted an unconventional monetary policy to finance economic projects with the aim of achieving economic development. These multiple financing initiatives are represented in directing investments towards sectors considered vital to enhancing economic activity, in addition to that the implementation rates were small and low for the Industrial Bank. For the Agricultural Bank and good for the Real Estate Bank and the Housing Fund, the reason for the increase is due to the urgent need for housing and the low interest rate. The research concluded with a number of recommendations, the most important of which is that the Central Bank and specialized banks strengthen oversight over the management and implementation of initiative funds, as well as submit periodic reports to evaluate the performance of these initiatives and evaluate and enhance accountability. and transparency to ensure that funds are used efficiently and effectively.