Ministry of Finance: US loan to Iraq one billion dollars

BAGHDAD / News Network Iraq Ministry of Finance announced on Thursday the signing of ensuring the sovereign loan worth billion dollars with Omrica.oukal Undersecretary Fadel prophet on the sidelines of the signing of the contract at a news conference in Baghdad today: "Iraq and the US signed a guarantee sovereign loan worth one billion dollars , "noting that" the signing represents a first step in the access to international capital markets to greater after he was fulfilling legal requirements and taking into account the specific policies . "He added a prophet, that" the United States the US will ensure that by ensuring that the sovereign loan repayment amount the borrower, in addition to interest under issued financial support from the Iraqi government . "He continued," 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 the Government of Iraq and the United States to the final play to guarantee the payment of the amount borrowed and the interest of the issuance of sovereign financial support from the Government of Iraq , including a total of billion dollars . "He pointed out that" Iraq is struggling to meet its financial obligations and provide basic services to its citizens , "explaining that" the loan will provide resources which enables the Iraqi government to fulfill their basic obligations to the Iraqi people and will enable it to accurately focus on the fight against Daesh "He stressed 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 of the proceeds of this loan , "he said , adding that" this loan will facilitate the financing of the loan by another billion dollars without a guarantee from the US government. "

Iraq and the United States sign a loan of one billion dollars

the first step in the process that would allow Iraq to a greater opportunity to enter the international capital markets ...

And summed up the second step in the formal diplomatic exchange of notes between the United States Government and the Government of Iraq, under which included the United States government to pay the amount borrowed and the interest of the issuance of sovereign financial support [loan guarantees] by the Government of Iraq, including a total of $ 1 billion.

Under the Strategic Framework Agreement, Embassy of the United States