Central: IDB undertakes to finance Iraq's $ 3 billion

Dated: Tuesday 05/31/2016 6:57
Follow-up / Iraq today

The Central Bank of Iraq, for receiving a pledge from the Islamic Development Bank to fund the Iraq amounting to $ 3 billion, as pointed out that these amounts are soft.

The bank said in a statement that "Iraq today," a copy of which received that he "received a preliminary commitment from the Islamic Development Bank funded Iraq amounting to $ 3 billion."

He added the bank said that "the amount to be submitted by the Islamic bank will be in grants and soft loans" .oaad

Islamic Development Bank Islamic financial institution aimed at supporting economic development and social progress of the peoples of Member and Muslim communities countries non-member states, according to the principles of Islamic Sharia and reached the bank expenses since its inception until November 2014 about 61.52 billion Dolar.oasay

Iraq is to obtain loans from international financial institutions for financing bridging the public budget deficit following a drop in oil prices dramatically.