Billion international loan for Iraq and an interest rate of 1% paid off in 15 years
Billion international loan for Iraq and an interest rate of 1% paid off in 15 years
Publishing Date: Mon, 13 Jul two thousand and fifteen 1:50:00 p.m.
BAGHDAD / News today
Qa Iraq and the World Bank loan agreement worth $ 350 million, Sunday, to finance the reconstruction of emergency in the towns that have been freed from the grip of the organization Daash operations.
Baghdad says it is the first international help get them to rebuild areas devastated by war.
The Minister of Finance, Hoshyar Zebari, said that about a third of this amount will be allocated to repair roads and bridges, and will go like him to reform the electricity and water and sanitation networks.
and Iraq faces a budget deficit of up to $ 20 billion this year, with the decline in oil revenues and high costs incurred because of the war with al Daash.
and controlled militants organize Daash a lot of territory in northern and western Iraq, but were expelled from parts of the provinces of Diyala, Salahuddin, north of Baghdad, during clashes with Kurdish Peshmerga forces and Iraqi security forces and Shiite forces, under the air raids of the US-led coalition cover.
Zebari said During the signing of the loan agreement in Baghdad ceremony, “This is the first direct support for concrete reconstruction efforts and stability, led by the government to bring life back to normal in the areas liberated from the grip of the organization Daash.”
He said that the loan will be repaid in 15 years, interest rate of 1%, and the period of grace five years. Zebari said that Iraq also received commitments from the United States, the European Union and Japan to provide the Fund to a government reconstruction efforts financial support, as happened on separate pledges from European countries for the same purpose, he said, adding that the agreement Sunday is the first achievement in this way.
recaptured Iraqi forces Tikrit Saddam Hussein’s hometown three months ago, in the largest gain achieved since swept fighters organizing Daash northern Iraq in June 2014.
But serious damage and bombs left by the fighting, in addition to the concerns of the Sunni population from exposure to reprisals from militants, most of them Shiites after the restoration of Tikrit, failed Number of belonging to only four thousand families.
The World Bank is preparing to lend to Iraq billion dollars to help the government to control the budget deficit. Bank officials say that the program, which is awaiting approval by the Board of Directors aims to improve energy efficiency, reform of state-owned enterprises and improve the effectiveness of public spending.
today-news.org
