Washington announces credit facilities totaling $ 2.7 billion for Iraqi security forc
Washington announces credit facilities totaling $ 2.7 billion for Iraqi security forces
2016-06-29 16:21:00 | (Voice of Iraq) - Baghdad
It announced that the US embassy in Iraq, Wednesday, for a credit facility of $ 2.7 billion for Iraqi security forces, noting that the facility will provide additional support to the continuous development of Iraq as a strategic partner is stable and self - reliant.
The embassy said in a statement that " the US ambassador to Iraq , Stuart Jones signed today with Finance Minister Hoshyar Zebari declaration of intent to provide credit facilities totaling $ 2.7 billion in foreign military financing (FMF)".
She said the embassy , quoting Jones "These credit facilities will allow Iraqi security forces to postpone payments for the purchase of ammunition and maintenance of aircraft 16 F- and tanks M1A1", noting that " the deal is worth $ 2.7 billion will allow Iraq to a grace period of one year and the duration of payment takes eight and a half years to pay dues military procurement. "
The US embassy said that "under the Strategic Framework Agreement, it 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 , " asserting that " the credit facility Saafr additional support to the continuous development of Iraq as a strategic partner stable certified on himself".
Iraq signed with the United States in 2007 signed a strategic framework for the long - term in all fields including economic, diplomatic, cultural and security agreement aims to contribute to the strengthening and development of democracy in Iraq, and would also secure by Iraq to assume full responsibility for security, and the safety of its people and preserve the peace in Iraq and between the countries of the region.