Iraq continues to expand support for young entrepreneurs, and the government increases its focus on new economic opportunities. The country pushes forward with broader financing programs, and officials aim to strengthen the private sector. Moreover, the latest decision highlights Iraq’s commitment to youth loan growth, which encourages new business ideas and stronger community development.
Rafidain Bank increases its role in this effort, and the bank approves a new batch of loans under the national Riyada initiative. The program supports young Iraqis who want to launch small or medium projects. Furthermore, the bank reviews many applications, and it selects promising files for direct financing. This move strengthens youth loan growth across Iraq, and it demonstrates continued confidence in young entrepreneurs.
Officials confirm support for 82 new project files, and the total value reaches about one trillion dinars. These funds enter the market quickly, and they help young business owners create jobs. Additionally, the Riyada program encourages innovation, and it motivates more young people to join the private sector. Iraq needs more private-sector activity, and the government therefore expands financing tools for new ideas.
The Central Bank of Iraq also plays a major role, and it supports the Riyada initiative through its broader development program. The bank encourages commercial institutions to cooperate, and it provides clear guidelines for loan distribution. Consequently, financial institutions work together smoothly, and they help the country reduce unemployment. Young people welcome these steps, and many of them apply for funding to start productive projects.
The total number of financed files now reaches 4,205, and this shows strong national interest in entrepreneurship. These projects span many sectors, and they create fresh opportunities in cities and rural areas. In addition, local communities benefit from these investments, and many families gain stable income sources. Iraq therefore strengthens long-term economic stability, and it builds confidence in local talent.
The overall value of financed projects now stands at more than 54 trillion dinars. This large amount shows that Iraq can increase growth without relying only on oil revenues. Policymakers want stronger economic diversity, and they use the Riyada initiative as a main tool. As a result, the country sees more youth loan growth, stronger markets, and more job creation for young Iraqis.
These steps show Iraq’s serious focus on economic reform, and they confirm the government’s commitment to empowering young citizens. The country views its youth as a major force for progress, and it builds programs that support their ambitions. Therefore, Iraq moves toward a more stable and innovative economy driven by young entrepreneurs.