Finance Minister to Invest Japanese Loan

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 )

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