I Get By With Alittle Help From My Friends....
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I Get By With Alittle Help From My Friends....

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Zubeidi confirms the approval of Japan to give Iraq a soft loan

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azdinar



Radio Sawa - The Minister of Finance Bayan Jabr Japan to grant approval of soft loan to Iraq, saying on the International Monetary Fund pledged to allocate between five to six billion dollars to support the Iraqi budget.


The Zubeidi told reporters in Amman, which is currently being visited, as saying that the IMF also agreed to provide technical support to Iraq, in addition to supplying Iraq with experts in the financial area, pointing out that "Japan expressed its readiness to provide a soft loan repayable over 40 years and an interest rate of less than. 5% if Iraq signed an agreement with the International Monetary Fund ":


He said the central bank governor Sinan al-Shabibi said he discussed with a delegation from the World Bank ways to modernize the Iraqi banks that have said they need to "re-arrange their order to be accepted by the international community more, and also to have savings in order to be able to finance industrial and commercial activities" in the country :


http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.akhbaar.org/&prev=_t&rurl=translate.google.com

Guest


Guest

Thnx AZ...recall a few years ago...a certain pumper knew the RV was going to happen then by another soft loan by Japan...lol.....still good news anyhow, gives a good perspective of whats going on with Iraq in the world scheme of things.

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