Iraq to Receive $1bn Loan from US

By John Lee.

The Iraqi government has signed a one-billion-dollar loan with the United States to “[assist] Iraq to achieve victory in its battle against IS, and to realize economic reform”.

Stephanie William, the U.S. Embassy’s ChargĂ© d’Affaires and Fadhil Nabi, the Iraqi Deputy Minister of Finance signed the agreement in Baghdad on Thursday.

The funds will help provide food, water, shelter, and medical care to the most vulnerable Iraqis, as well as allow Iraqis to benefit from government services such as education.

(Sources: BasNews, Kurdistan24, US Embassy)

2 Responses to Iraq to Receive $1bn Loan from US

  1. THOMAS NEWMAN January 11, 2017 at 11:57 pm #

    THEY DON’T NEED LOANS THEY HAVE BILLIONS IN RESERVE AND BILLIONS RELEASED ANY DAY WHEN THEY ARE TAKEN OUT VIII SANCTIONS WAKE UP U.S. THEY NEED TO REVALUE THE DINAR AND BE RESPONSIBLE PAYING ALL THEY PEOPLE WHO INVESTED IN THEIR CURRENCY, DON’T COMMIT FRAUD AGAIN, HAVE HISTORY REPEAT ITSELF AGAIN IN THEIR COUNTRY, BY THEIR GOVERNMENT.

  2. Tillotson Cook January 15, 2017 at 1:02 am #

    It is time for Iraq to revalue the dinar. The u s has loaned Iraq billions and a lot of americans hold dinars they have invested to help Iraq. We are still. Commuted to help to eliminate Isis.

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