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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq signs $290 million loan agreement with Austrian bank

    Rocky
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    Iraq signs $290 million loan agreement with Austrian bank Empty Iraq signs $290 million loan agreement with Austrian bank

    Post by Rocky Thu 19 Sep 2024, 6:50 am

    [size=35][size=35]Iraq signs $290 million loan agreement with Austrian bank[/size]
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    economy

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    2024-09-19 | 06:23
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    [You must be registered and logged in to see this link.] - Economy

    The Minister of Finance, Taif Sami, signed with the Austrian Ambassador to Baghdad a loan financing agreement from the Austrian Erste Group Bank to support the center pivot irrigation systems project for the Ministry of Agriculture, with a value of (262,155,298) euros, and implemented by the Austrian Power [You must be registered and logged in to see this link.] .


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    And she said[You must be registered and logged in to see this link.]In a statement received by Sumaria News, "The agreement is consistent with the strategy[You must be registered and logged in to see this link.]For Iraq to strengthen infrastructure and public services, and aims to revive the agricultural sector, alleviate water scarcity, stimulate economic growth, and create jobs, the loan is part of a broader approach for Iraq to obtain external financing for investment projects with economic benefits, as outlined in the 2023-2025 budget and the decision[You must be registered and logged in to see this link.]Ministers No. 24630 of 2024.



    The Minister stressed the "importance of this agreement in enhancing economic cooperation between[You must be registered and logged in to see this link.]Austria, looking forward to more joint projects in the future, will provide[You must be registered and logged in to see this link.](Power) provides technical and advisory support to the Iraqi Ministry of Agriculture throughout the project life cycle, including design, implementation, operation, and maintenance.

    She pointed out that “the project represents a vital step towards modernizing the agricultural sector in Iraq, especially in light of the challenges of water scarcity and climate change, and is expected to achieve long-term economic benefits by increasing agricultural production and reducing dependence on imports.”
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