Saturday, December 30, 2006
Iran loans 1 bn dollars to Iraq for reconstruction
Reconstruction
Iran is set to loan one billion dollars to Iraq for reconstruction of the war-torn country, the official news agency IRNA reported on Saturday. “The Islamic republic will give Iraq a one-billion-dollar loan for reconstruction of this country,” Economy Minister Davoud Danesh Jafari was quoted as saying by the economy ministry’s public relations department.
“The Iraqi side has committed to using Iranian contractors and experts for the infrastructure projects that will be defined through coordination with Iran,” Danesh Jafari said, without giving details on the conditions of the loan. Iran has signed an agreement with a visiting delegation headed by Iraq’s Finance Minister Bayan Baqer Jabr al-Zubaidi to this end. “We are very happy to have signed this agreement only a few days after submission of the budget bill to the Iraqi parliament,” Jabr al-Zubaidi was quoted as saying.
“The Iraqi side has committed to using Iranian contractors and experts for the infrastructure projects that will be defined through coordination with Iran,” Danesh Jafari said, without giving details on the conditions of the loan. Iran has signed an agreement with a visiting delegation headed by Iraq’s Finance Minister Bayan Baqer Jabr al-Zubaidi to this end. “We are very happy to have signed this agreement only a few days after submission of the budget bill to the Iraqi parliament,” Jabr al-Zubaidi was quoted as saying.
