تقييم المبادرات الإنمائية للبنك المركزي – تجارب بلدان مختارة مع إشارة خاصة للعراق

Rp-Evaluation of Central Bank Development Initiatives – Experiences of Selected Countries with Special Reference to Iraq.pdf

As a result of the challenges that the Iraqi economy witnessed in 2014, this year was described as the worst and most challenging in the history of the Iraqi economy, which was the cause of economic recession. 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 capable of addressing the problem of financing small, medium and large projects, as well as supporting specialized banks and the Housing Fund. The research problem is related to a set of questions, including what are the most important development initiatives taken by the Central Bank of Iraq in recent years, what are the mechanisms used and the evaluation of the success of these initiatives in achieving sustainable development goals, and what are the tangible results and impacts achieved by the development initiatives of the Central Bank of Iraq on the economic sectors that make up the local economy. The research assumes that there is a positive relationship between implementing the 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, knowing the role of specialized banks in supporting and enhancing the effectiveness of the Central Bank’s initiatives in Iraq, and analyzing the development initiatives of the Central Bank of Iraq by measuring some development indicators and implementation rates of initiatives, and reviewing the experiences of some countries in the field of quantitative easing and initiatives for banks. Central.
The researcher reached a number of conclusions, the most prominent 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, and the impact of these initiatives on increasing the money supply during the period (2016-2022), as it is a catalyst for inflation and unemployment, which contributed to increasing inflation rates, as it increased from (1.2%) in 2016 to (7.2%) in 2022.
Accordingly, we suggest that the Central Bank and specialized banks enhance cooperation between them and develop financing mechanisms to stimulate investments in development projects and enhance economic activity, in addition to the Central Bank of Iraq continuing to adopt more contributions and initiatives in various fields that contribute to achieving the dimensions of economic development.