Central: Islamic Bank pledged to finance Iraq's $ 3 billion

Thursday , 26 May 2016 - 13:04


CBI revealed, on Thursday, for receiving a pledge from the Islamic Bank to fund the Iraq amounting to $ 3 billion.

It noted the Iraqi Central Bank said in a statement seen by tow the amount to be submitted by the Islamic bank will be in grants and soft loans.

The Ministry of Labour and Social Affairs announced Tuesday that the Islamic Development Bank would give $ 25 million grant under the loan, which will be submitted to the federal government and ranges between 500 to 800 million dollars, according to a ministry statement.

http://almirbad.com/news/view.aspx?cdate=26052016&id=27f1a59d-8517-43ad-9081-1cfeed011eb9

Islamic Development Bank pledges to finance Iraq's $ 3 billion

Iraq suspended 05/26/2016 11:43

Iraqi Central Bank announced on Thursday, for receiving a pledge from the Islamic Bank to finance Iraq's US $ 3 billion, while noting that these amounts are soft.

The bank said in a statement briefed consciousness NOAA Radio he got the first pledge from the Islamic Development Bank funded Iraq amounting to $ 3 billion.

The bank added that "the amount to be submitted by the Islamic bank will be in grants and soft loans."

The Islamic Development Bank Islamic financial institution aimed at supporting economic development and social progress for the peoples of Member States and Islamic communities, non-member states, according to the principles of Islamic Sharia and reached the bank expenses since its inception until November 2014 around 61.52 billion dollars.

Iraq is seeking to obtain loans from international financial institutions to finance the general budget and bridging the deficit following a drop in oil prices dramatically.


http://www.radionawa.com/arabic/view.aspx?n_=42171&m_=21