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Germany to lend Iraq EUR500 million for reconstruction of liberated areas

Germany to lend Iraq EUR500 million for reconstruction of liberated areas

The Head of the Reconstruction Fund for Areas Affected by Terrorist Operations (REFAATO) announced on Wednesday that Germany and Japan will contribute towards the reconstruction of the liberated areas in Iraq and further informed that Germany has offered the Iraqi government a loan of 500 million euro for stabilizing the liberated areas.

The Head of REFAATO Dr. Abdel Baset Turki Saeed said, “Iraq is looking forward for its friendly countries to support Iraq in its war against terrorism and reconstruction of the damaged areas.”

Turki added during his meeting with the German Ambassador Ekkehard Brose that they discussed the procedures and the mechanisms to execute the memorandum of understanding that was signed between the Iraqi and German government.

original source: http://www.iraqinews.com/business-iraqi-dinar/germany-lend-iraq-e500-million-reconstruction-liberated-areas/

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