By John Lee.
Iraq is requesting the U.S. Export-Import Bank (Ex-Im Bank) to finance the purchase of 10 planes from Boeing.
Finance Minister Hoshyar Zebari told reporters in Washington that the planes have already cost the government $500 million (600 billion Iraqi dinars).
If the request is granted, Boeing would repay the money it has already received.
Iraq is currently facing a severe budgetary deficit, and is in negotiations with the International Monetary Fund (IMF) for assistance.
(Source: Reuters)
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