China’s CITIC may Finance Iraqi Projects

By John Lee.

The Iraqi Minister of Finance has met with China’s state-owned investment company CITIC Bank to discuss the financing of projects in Iraq.

Minister Fuad Hussein held talks with CITIC Bank chairman Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister.

The projects are said to include rail and power infrastructure.

(Source: Iraqi Ministry of Finance, Reuters, Kurdistan24)

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