TO SUSTAINABLE FINANCIAL STABILITY IN IRAQ: READING IN THE ROLE OF SUSTAINABLE FINANCE

Abstract

The research aims to analysis the role of sustainable finance in achieving and supporting financial stability in Iraq during the period (2010 – 2023), in light of economic and financial challenges the country has witnessed, especially volatile oil prices, political instability, and environmental crises. Research addresses the theoretical framework of sustainable finance and dimensions of economic, environmental, and social, in addition to focusing on how to integrate sustainability standards into financial and banking policies. Research also reviews reality of financial sector in Iraq and its level of commitment to principles of sustainable finance, through an analysis of financial data and indicators, and relevant governmental and banking that initiatives.

Researchfound that sustainable finance is essential tool for supporting financial stability by reducing systemic risks, diversifying funding sources, stimulating green investment, and enhancing investor confidence. Also analysis revealed that Iraq is still in the early stages of adopting concept of sustainable finance and faces multiple challenges, including weak legislative framework, lack of institutional awareness, and weak financial infrastructure.