The Council of Ministers authorized Finance Minister Baqer al-Zubaidi to discuss investing the rest of a Japanese loan with the Japanese ambassador.
“The council during its 15th session decided to authorize the minister to discuss investing the remaining amount of the Japanese loan (around $220 million) with the ambassador to determine the projects that could benefit from this amount,” Ali al-Dabbagh, spokesman of the Iraqi government said in a statement received by Aswat al-Iraq news agency.
The Japanese government presented a 3.5 billion Iraqi dinars loan. The Iraqi government used the loan to rehabilitate a fertilizer factory in Khour al-Zubeir, in addition to other projects.
( Aswat Al Iraq )