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Government authorizes the Minister of Finance and the Central Bank lending validity of the Islamic D

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rocky
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Government authorizes the Minister of Finance and the Central Bank lending validity of the Islamic D

Post by rocky on Mon 28 Oct 2013, 2:04 am

Government authorizes the Minister of Finance and the Central Bank lending validity of the Islamic Development Bank



Secretariat of the Council of Ministers: resolution spent allocate (225) million of the loan amount to the Ministry of Construction and Housing to fund the rehabilitation of Highway No. (1) provided notice of the Islamic Development Bank (IDB)

BAGHDAD / obelisk: empowered by the Iraqi government, on Sunday, the Minister of Finance and the Central Bank to grant financial loans to the Islamic Development Bank.

It showed the General Secretariat of the Council of Ministers in a press statement received "obelisk", a copy of "The council decided to authorize the Minister of Finance and the Central Bank the power to approve the loan Islamic Development Bank."

The Secretariat explained that "the resolution spent allocation (225) million of the loan amount to the Ministry of Construction and Housing to fund the rehabilitation of Highway No. (1), provided notice Islamic Development Bank so prior to the date of 31.10.2013."

The Secretariat added that "the Board's approval also included the Ministry of Finance to include the roof top of the loan in question amounting of $ (500) million in the bill the federal budget for fiscal year 2014 and use the remaining amount for projects other ministries in agreement with the Islamic Development Bank."


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