Iraq signs with America a loan of one billion dollars
Iraq signs with America a loan of one billion dollars
Thursday, January 5, 2017 11:10
BAGHDAD / Baghdadi News / … Ministry of Finance announced on Thursday the signing of a sovereign loan guarantee one billion dollars with the United States.
Said Undersecretary Fadel prophet on the sidelines of the signing of the contract at a news conference in Baghdad, I followed / Baghdadi News / The “Iraq and the US signed a guarantee sovereign loan worth billion dollars,” noting that “the signing represents a first step in the access to international capital markets to the extent Akbar after it was fulfilling legal requirements and taking into account the specific policies. ”
He added that “the United States will ensure the US through a sovereign guarantee loan repayment amount borrowed, plus interest issued under the financial support of the Iraqi government.”
He said, “The completion guarantee sovereign loan of two important steps process first summed up in should be signed to ensure the sovereign loan by the Government of Iraq and the United States, and the second summed should be an exchange of diplomatic notes between the Government of Iraq and the United States to the final play to guarantee the payment of the amount borrowed and the interest arising the issuance of sovereign financial support from the government of Iraq, including a total of billion dollars, “he said, adding that” Iraq is struggling to meet its financial obligations and provide basic services to its citizens, “explaining that” the loan will provide resources to enable the Iraqi government to fulfill their basic obligations to the Iraqi people and will enable it to focus precisely on the war against Daesh. ”
The prophet, that “the loan guarantee as well as the continuation of the United States’ strong its commitment to help Iraq win the battle against Daesh and economic reform and to take advantage of all Iraqis from the proceeds of this loan,” he said, adding that “this loan will facilitate another loan financing by a billion dollars without a guarantee from the government US “.anthy 21 / T
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