Japan offers a loan to Iraq worth 480 million dollars.


Detect location of Nicky ASEAN economic review ", the Japanese Sumitomo Mitsubishi Pocket companies in cooperation with the Japan Bank for international cooperation in the country are preparing to offer a loan to Iraq worth 53 billion yen, which is equivalent to 480 million dollars for power projects in Iraq in a move he spoke for the first time in 31 years.

The site said that "the Japanese Government-owned bank will pay with Bank of Tokyo Mitsubishi weshrko somomito to support Iraqi Government project which involves buying power equipment from Japanese companies."

"This deal represents the beginning of a process to transform Japanese role in the reconstruction of Iraq to the private sector so that this loan doesn't come only from Japanese development assistance programme for the country.