US Embassy: the completion of the sovereign loan guarantee worth $ 1 billion provided to Iraq
US Embassy: the completion of the sovereign loan guarantee worth $ 1 billion provided to Iraq
01/19/2017 18:39
{Baghdad} Euphrates News announced that the US embassy in Baghdad to ensure the completion of the sovereign loan worth $ 1 billion provided to Iraq.
A statement by the US Embassy in Baghdad and the agency {Euphrates News} received a copy of it on Thursday, said that “all of the United States Government and the Government of Iraq have exchanged diplomatic notes announcing the entry of the loan with the United States guarantee into effect an agreement.
The statement that” this exchange of diplomatic memoranda step final in guaranteeing the loan between Iraq and the United States for Iraq to have access to global capital markets. ”
He said the ” can the Republic of Iraq to borrow at an interest rate close to that the interest rate paid by the United States , while borrowing in turn. ”
He noted that” the proceeds from this bond will enable the Government of Iraq of food, water, housing and medical care to Iraqis in need saving, will also enable the Iraqis to take advantage of government services such as education , which Sahaihm the future is bright and promising. ”
He went on, ” the launch of loan guarantee today an indication of Iraq ‘s continued progress towards achieving its objectives for economic reform on behalf of the people Iraqi. ”
He noted that” the US embassy operates under a strategic framework closely with the Iraqi government agreement to ensure that the current economic challenges do not affect the existing campaign to defeat Daesh. ”
” The sovereign loan guarantee will provide additional support for Iraq as a strategic partner for a stable and self – reliant States Altdh.anthy
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