Japan offers a loan to Iraq worth 480 million dollars.

31/03/2017-13:46

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.


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