By John Lee.
In its 40th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase the capital of the Agricultural Cooperative Bank by nearly 30 percent.
The increase, totaling IQD 29,476,500,000 [$22.6 million], will be added to the bank's current capital of IQD 100,600,000,000.
In a statement, the Media Office of the Prime Minister said the move is intended to enhance the agricultural sector and support farmers in implementing their agricultural plans.
(Source: Media Office of the Prime Minister)
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