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FINANCIAL NEWS
Iraq to seek loans of USD 20bn to rebuild
15 Jun 2016
(MENAFN) Iraq will look for loans of almost USD 20bn in the coming three year in order to rebuild its infrastructure and carry out development projects.
Meanwhile, the country would seek loans from the IMF, World Bank and the Islamic Development Bank to cover the costs of fighting militant group.
Moreover, it seeks loans of USD 20bn, as war losses value to USD 7bn yearly, which funds 3 to 5 percent of gross domestic product.
In addition, Iraq reached a USD 5.4bn deal with the IMF that could unlock USD 15bn more in global assistance among the next three years.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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