Cabinet agrees to participate in the capital increase of the IDB
December 21, 2015


The Cabinet agreed today to endorse the recommendation of the Committee on Economic Affairs under a book number: s./649 dated 9/12/2015, as follows:

A. consent to participate in the fifth increase in underwriting a capital of IDB amount (86810000) Islamic dinars (six and eighty million eight hundred and ten thousand dinar) is equivalent to (124060171) (one hundred and twenty-four million one hundred and sixty thousand and seventy-one).

B. the Ministry of finance, in coordination with the Iraqi Central Bank payment method in accordance with the financial conditions.