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[rtl]Iraq and the German Development Bank sign an amendment to the loan agreement to finance a number of development projects[/rtl]
Economy , 07/26/2024 11:29 Number of readings: 129
Economy , 07/26/2024 11:29 Number of readings: 129
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[rtl]Baghdad - Iraq Today:
The Ministry of Finance and the German Development Bank (KFW) signed an amendment to the loan agreement to finance a number of development projects.
The Ministry of Finance said in a statement: “Today, an amendment to the agreement to extend financing loans granted by the German Development Bank (KFW) for a number of development projects was signed at the Ministry of Finance’s headquarters today.”
She added, "The amendment was signed between the Minister of Finance, Taif Sami Muhammad, and the bank's representative to Iraq."
The new amendment stipulates - according to the Ministry's statement - an extension of the disbursement period for projects financed by loans, as follows:
- Extending the loan agreement for the rehabilitation of infrastructure for preparing electrical power in the liberalized areas (third phase) in the amount of 140 million euros until 1/15/2027.
Extending the loan agreement for the rehabilitation of road, bridge, water and sanitation infrastructure in the amount of 90 million euros until 12/31/2026.[/rtl]
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