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Iraq to receive $3.5b loan from Japan  Join our daily free Newsletter

MENAFN - 21/01/2007

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(MENAFN) A source at the Iraqi Ministry of Finance said that the Iraqi government is preparing to receive the Japanese loan of 3.5 billion by the end of this month after signing an agreement with Japan last December in Amman, Iraq Directory reported.

The source indicated that the Iraqi government will direct the loan for the implementation of rebuilding projects which include the sectors of electricity, oil, water resources and industry.

The source pointed out that currently the relevant ministries are discussing the legal and administrative aspects of implementing the loan after the Economic Committee approves the proposed projects.

 






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