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Iraq borrow $ 500 million from the Islamic Development
9/10/15
$ 225 million will be used in the development and renewal of major trade corridor linking Iraq to neighboring countries.
BAGHDAD / Obelisk: a prospectus showed that Iraq would seek loans worth $ 500 million from the Islamic Development Bank in Jeddah, is expected to help cover the deficit in the step crowned the country's return to the international debt market.
It seeks Baghdad to raise up to six billion dollars through bond issuance series denominated in US dollars, the first to Iraq since nine years to finance the salaries as well as infrastructure projects in the oil and gas, electricity and transport sectors, according to "Reuters", and I followed, "the obelisk."
The prospectus said that the country's federal budget for 2015 authorizes the Ministry of Finance to request additional funding from sources including the Islamic Development Bank.
She added that $ 225 million will be used in the development and renewal of major trade corridor linking Iraq to neighboring countries.
A spokesman for the Islamic Development Bank, said the bank had approved the funding in October 2013 and that he held talks with officials of the Iraqi government in May this year to discuss ways of cooperation.
"It is expected to support the Islamic Development Bank Group (Bank and the private sector arm and the arm of insurance and trade finance arm) public and private sectors through project and trade finance
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9/10/15
$ 225 million will be used in the development and renewal of major trade corridor linking Iraq to neighboring countries.
BAGHDAD / Obelisk: a prospectus showed that Iraq would seek loans worth $ 500 million from the Islamic Development Bank in Jeddah, is expected to help cover the deficit in the step crowned the country's return to the international debt market.
It seeks Baghdad to raise up to six billion dollars through bond issuance series denominated in US dollars, the first to Iraq since nine years to finance the salaries as well as infrastructure projects in the oil and gas, electricity and transport sectors, according to "Reuters", and I followed, "the obelisk."
The prospectus said that the country's federal budget for 2015 authorizes the Ministry of Finance to request additional funding from sources including the Islamic Development Bank.
She added that $ 225 million will be used in the development and renewal of major trade corridor linking Iraq to neighboring countries.
A spokesman for the Islamic Development Bank, said the bank had approved the funding in October 2013 and that he held talks with officials of the Iraqi government in May this year to discuss ways of cooperation.
"It is expected to support the Islamic Development Bank Group (Bank and the private sector arm and the arm of insurance and trade finance arm) public and private sectors through project and trade finance
[You must be registered and logged in to see this link.]
