The Ministry of Finance signed today, Thursday, an amendment to the agreement to extend financing loans granted by the German Development Bank (KFW) for a number of development projects, where the amendment was signed between the Minister of Finance, Taif Sami Muhammad, and the bank’s representative in Iraq.
According to a statement by the Ministry of Finance: The new amendment stipulates extending the disbursement period for projects financed by loans, as follows:
? Extending the loan agreement for the rehabilitation of infrastructure to provide electricity in the liberated areas (phase three) in the amount of 140 million euros until 15/1/2027.
? Extending the loan agreement for the rehabilitation of infrastructure for roads, bridges, water and sanitation in the amount of 90 million euros until 31/12/2026.
Source: National Iraqi News Agency