announced that the US embassy in Baghdad for the completion of the first step to ensure the sovereign loan worth billion dollars for Iraq.
According to an embassy statement received by all of Iraq [where] a copy of it, that ” the Iraqi government today signed an agreement loan guarantee with the United States , ” noting that “this signing is the first step in the process that would allow Iraq to a greater opportunity to enter the international capital markets “.
He noted that “Following the fulfillment of legal requirements and taking into consideration the specific actions, Iraq can move forward to become the beneficiary of a sovereign loan guarantee from the United States.”
The statement said, ” The loan is secured by confirming a permanent commitment from the United States to the people and Government of Iraq in their battle against Daesh” pointing out that “is designed to ensure the loan this to support Iraq financially in his quest Gahd to complete the liberation of Iraq from Daesh and continue the important economic reforms in order to restore growth and prosperity. ”
And that ” the signing , which took place today is the first step to put the finishing touches on the sovereign guarantee of the loan.”
” The second step in the formal exchange of diplomatic memoranda between the United States and the Government of Iraq ‘s government under which included the United States Government are summarized repay the amount borrowed and the interest of the issuance of guaranteed financial sovereign by the Government of Iraq , including a total of billion dollars , ” expected ” to proceed with the second step of the process in the coming weeks. ”
She stressed the Chargé d’affaires of the Embassy of the United States Stephanie Williams, during the signing ceremony, the solidarity of the people and the Government of the United States with the people and Government of Iraq , saying : “This money will help the Iraqi government on food, water, shelter and medical care to the most vulnerable Iraqis to provide and allow them to benefit from government services such as education and health care that enables them to build a promising a brighter future. ”
The US embassy that ” the loan guarantee agreement in this day shows that Iraq continues to progress towards achieving its objectives in the economic reform for the benefit of the Iraqi people, under the Strategic Framework Agreement, Embassy of the United States is working closely with the Government of Iraq to ensure that the current economic challenges do not affect the campaign continuing to defeat Bdaash “he said . ” as a sovereign loan guarantee provides additional support to Iraq as a strategic partner stable , self – reliant United States of America. ”