Baghdad and Washington sign a credit facility of $ 2.7 billion to Iraqi forces
06/29/2016
13:27
{Baghdad} Euphrates News Finance Minister Hoshyar Zebari signed with the US ambassador to Iraq, Stuart Jones on {} declaration of intent to provide credit facilities totaling $ 2.7 billion in Foreign Military Financing FMF {}.
According to an embassy statement received by the agency {Euphrates News} a copy of it today , "the US ambassador to Iraq Stuart Jones and Finance Minister Hoshyar Zebari today signed a declaration of intent to provide credit facilities totaling $ 2.7 billion in foreign military financing {FMF}.
He said Ambassador Jones , according to the statement "these credit facilities will allow Iraqi security forces to postpone payments for the purchase of ammunition and maintenance of the 16 planes F- and M1A1 tanks and allow the deal valued at $ 2.7 billion for Iraq a grace period of one year and the duration of payment of an eight and a half years to pay dues military procurement."
He continued , "under the strategic framework Agreement, the US embassy is working closely with the Government of Iraq to ensure that the current economic challenges facing Iraq does not affect the ongoing defeat Daash campaign, and provides this credit facility further support to the continuous development of Iraq as a strategic partner is stable and self - reliant" .anthy http://alforatnews.com/modules/news/article.php?storyid=120874