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[size=30]Japanese loans within the budget of 2018 to complete the projects of ministries and provinces[/size]
04/12/2017 01:29 | Number of readings: 185
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Iraq received loans worth 2.85 billion dollars (3.47 trillion dinars) from international banks to complete the projects of ministries and provinces, within the budget of 2018.
The loans are granted by the Japan Bank for International Cooperation (BOJ) for 80 million dollars for projects of the Ministry of Electricity and JICA for 858 million dollars for eight different ministries , an unnamed source told a press briefing on Monday. "He said.
He added that the German Development Bank also granted Iraq a loan of 152 million dollars for the reconstruction of areas liberated from terrorism , and an Italian loan of 78 million dollars for projects of ministries of water resources, agriculture and trade .
The source added that the loan of the Defense Cooperation Agency of the US Department of Defense amounted to 706 million dollars, allocated to finance the needs of the Iraqi Ministry of Defense, while the value of the World Bank loan 251 million dollars, aimed at completing projects of various ministries in the capital and the Kurdistan region .
He explained that the Bank of British exports granted Iraq about 720 million dollars, directed to water projects, drainage, electricity and power transmission .
He pointed out that Iraq received 120 million dollars loans from foreign banks for the year 2018 Swedish guarantees to complete the Ministry of Electricity project , as well as 160 million dollars of electricity loan from the German Guarantees Corporation .
The Finance Committee of the Parliament, at the end of last month, that Iraq agreed with the donor countries for foreign loans to determine the rates of interest ranging between 1 - 3% , indicating that the value of the annual repayment of all loans old and new ranging from 7 to 8 trillion dinars (about 5.87 - 6.71 Billion dollars) annually . "
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