Zebari authorize the power to sign with Japan to borrow from the Bank of Japan
2015/10/22
15:34
[Baghdad - where]
reported to the General Secretariat of the Council of Ministers, the Ministry of Finance and the Cabinet's decision to authorize the Finance Minister Hoshyar Zebari, the power to sign with the side Alaabbate to borrow from her bank for international cooperation.
A statement by the General Secretariat of the Council of Ministers, received by all of Iraq [where], a copy of the Secretariat "and directed to authorize the Minister of Finance to negotiate and sign with Japan to borrow from the Japanese Bank for International Cooperation validity [JBIC]"
and explained that "it was based on the Cabinet's decision to authorize the Minister of Finance with the participation of representatives from the Ministry of Electricity in the negotiating delegation on the borrowing agreement of the bank mentioned, Japanese commercial banks to ensure the institution [NEXI] for the benefit of the Ministry of Electricity, in order to set up power stations and secondary stations mobile by the company [TOYOTA TSUSHO] Japanese amount of $ 379.8 million dollars, plus an amount more than the amount of 20 billion Japanese yen.
"The statement that" the text of the resolution to the Foreign Ministry to prepare a document authorization required behalf of the Government of the Republic of Iraq, the Minister of Finance in accordance with the contexts adopted, and submit them to the General Secretariat of the Council of Ministers for obtaining the signature of the President Council of Ministers. "The Finance Minister, Hoshyar Zebari, has signed on 29 June with a delegation from the Organization of [JICA] Japanese two agreements to finance projects in Iraq worth $ 735 million and these conventions concerning the financing of two projects Tnmoin Bkarzan The first relates to a project to reconstruct the electricity sector [second stage ] $ 450 million, while the second loan the reconstruction of the sewage project in the Kurdistan region of $ 285 million Dolar.anthy http://www.alliraqnews.com/modules/news/article.php?storytopic=39&storyid=18969