Iraq News - Local News - Baghdadpost

Iraq, US signs sovereign loan worth dlrs one billion

Iraqi Finance Ministry announced on Thursday that Iraq and the US have signed a sovereign loan agreement worth dlrs a billion.

At a press conference held on Thursday, Finance Ministry Undersecretary Fadel Nabai said Iraq and US announced that the loan agreement would be allocated to help settle Iraqi financial problems.

Signing the agreement is the first step to be made by Iraq to reach international aid foundations, said the official, noting that 2017 would be a difficult year despite the rise in the oil prices.

He also said the loan agreement would enable the Iraqi government to fulfill its commitments especially in view of its expenses to cover the war against Daesh terrorist organization.
Last Modified: Thursday، 05 January 2017 02:22 PM