Study of a German loan projects by 500 million euros for the reconstruction of the liberated areas


2016/11/10 10:19


[In Baghdad]


Iraq and Germany discussed the priorities of a German loan-financed projects worth 500 million euros in the liberated areas.

According to a statement by the Ministry of planning each agency receives Iraq [where] a copy, "Planning Minister Salman jumaili met in his Office at the headquarters of the Ministry a delegation representing German Development Bank headed by Middle East reconstruction file official bank Jonas weilzaholz middle ages file administrator of Deutsche Bank, to explore and discuss the mechanisms and criteria adopted by the parties in the inclusion and implementation of reconstruction and rehabilitation of infrastructure in the liberated areas and funded from the German loan granted to Iraq of 500 million euros."

The parties agreed on forming a joint team of consultants to study the list of projects financed by the loan.

He said Planning Minister, expressed "thanks to the German Government's position in support of Iraq in the fight against terrorism and the reconstruction of the liberated areas through soft loan of 500 million euros," indicating that "the loan has been included in the general budget for the year 2017 in order to acquire legal status and will be invested on several projects over the years depending on the nature of projects financed by this loan therefore represents the importance of supporting reconstruction in Iraq is facing financial crisis due to the continuing decline in oil prices that caused a deficit In the budget, especially in the investment side. "

The representative of the German Development Bank "is ready to continue supporting Iraq in all areas, especially with regard to reconstruction of the liberated areas by setting priorities for investment projects".

He praised "the standards set by the Ministry of planning in the distribution of projects, which take into account the social and environmental aspects", stressing that "Germany will have an important role in the reconstruction of post editing and providing aid for sustainable development in Iraq and enable the economy of advancement and recovery."

He disclosed that "the goal of this visit and meeting with senior Iraqi officials involved in the reconstruction file is to compare our work methods and selection of solutions and the best way to take advantage of the loan granted by Germany to Iraq $500 million euros".

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