By John Lee.
Iraq's Finance Minister, Taif Sami, has signed a financing agreement for the maintenance of the Ministry of Electricity's power stations with JPMorgan, in partnership with General Electric (GE).
The $257 million loan, guaranteed by the US Export-Import Bank (EXIM), is part of the fifth phase of the annual maintenance project.
The agreement aims to enhance Iraq's electricity production capacity and meet energy demands.
(Source: Ministry of Finance)
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