February 21, 2010
Billion loan from Japan to Iraq
BAGHDAD (Drabin): Japan and Iraq signed in Baghdad on Sunday under which the Convention on the recent loan of one billion dollars for the creation of several service projects in the provinces of Nineveh, Anbar, Salah al-Din, as well as the Kurdistan region of Iraq.
The agreement, signed by Iraq and the Finance Minister Baqir Jabr Japan and its ambassador in Iraq, Shaggy, Tohru Ukawa, the Japanese government's commitment to provide a loan worth up to one billion dollars to the Iraqi government to finance three projects, including three service stations, processing water in the provinces of Nineveh, Salahuddin and Anbar, a rate of one in each province and the establishment of a power station (crutch) in the province Anbaro, the establishment of a power plant in the Kurdistan region of Iraq.
It also states that "the term of the loan (40) years, including (10) years grace period, and (30) years to repay the loan at an interest rate 0.65% per annum"
Iraq has had previously signed a loan agreement with 12 countries in the world to finance 12 projects at a cost of $ 2.4 billion covered the sectors of electricity, water, ports, roads and oil.
BAGHDAD (Drabin): Japan and Iraq signed in Baghdad on Sunday under which the Convention on the recent loan of one billion dollars for the creation of several service projects in the provinces of Nineveh, Anbar, Salah al-Din, as well as the Kurdistan region of Iraq.
The agreement, signed by Iraq and the Finance Minister Baqir Jabr Japan and its ambassador in Iraq, Shaggy, Tohru Ukawa, the Japanese government's commitment to provide a loan worth up to one billion dollars to the Iraqi government to finance three projects, including three service stations, processing water in the provinces of Nineveh, Salahuddin and Anbar, a rate of one in each province and the establishment of a power station (crutch) in the province Anbaro, the establishment of a power plant in the Kurdistan region of Iraq.
It also states that "the term of the loan (40) years, including (10) years grace period, and (30) years to repay the loan at an interest rate 0.65% per annum"
Iraq has had previously signed a loan agreement with 12 countries in the world to finance 12 projects at a cost of $ 2.4 billion covered the sectors of electricity, water, ports, roads and oil.
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