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Italy lend to Iraq half a billion dollars to support projects
07/02/2012
Planning: to spend 111 billion dinars from the investment budget last
BAGHDAD - Al Sabah
Italy has provided a loan to Iraq of $ 500 million, while the Ministry of Planning announced that the actual expenditures for investment projects over the past year exceeded (111) billion dinars.
And Research and Minister of Planning and Development Cooperation Ali Yousef Shukri yesterday with the Ambassador of Italy in Baghdad-based Gerardo Kranti ways to develop relations between the two countries.
As said the Italian Ambassador at a press conference after the talks that his government granted a loan to Iraq worth half a billion dollars for rehabilitation projects, infrastructure and support human development, pointing out that Italy has given priority to support the Christians of Iraq through the allocation of 10 percent of their loan. The new Ambassrdamh of the relationship between the two countries and expressed his country's readiness to provide assistance in technical areas, technological and support the political process and economic construction in the new Iraq, including extinguishing debt and work in archaeological sites and equip security forces.
For his part, said Shukri said the loan Italian will be repaid in eight years as it will contribute to the support of strategic projects including the construction of housing and low cost in the province of Nineveh to support the poor and the Christian community and the file of the effects and support the establishment of the port of Faw, as well as building a university in the area Ainkawa governorate of Erbil.
On the other hand, the Department announced the government investment programs in the Ministry of Planning that the total actual expenditures for the investment projects of the ministries and departments not related to the Ministry, over the past year amounted to some 111 billion and 736 million dinars.
A statement of the ministry, received the "morning," a copy of it calculated that the total amounts of actual expenditures for investment projects with the kinds of advances reportedly came from the Ministry of Finance and was by 42.1 percent. "
The statement added that the actual expenditure without advances amounted to about 46 billion dinars by 17.4 percent of the total allocations of ministries and departments not related to the Ministry without the advances amounted to 10 billion dinars exchange rate of 28.3 percent.
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07/02/2012
Planning: to spend 111 billion dinars from the investment budget last
BAGHDAD - Al Sabah
Italy has provided a loan to Iraq of $ 500 million, while the Ministry of Planning announced that the actual expenditures for investment projects over the past year exceeded (111) billion dinars.
And Research and Minister of Planning and Development Cooperation Ali Yousef Shukri yesterday with the Ambassador of Italy in Baghdad-based Gerardo Kranti ways to develop relations between the two countries.
As said the Italian Ambassador at a press conference after the talks that his government granted a loan to Iraq worth half a billion dollars for rehabilitation projects, infrastructure and support human development, pointing out that Italy has given priority to support the Christians of Iraq through the allocation of 10 percent of their loan. The new Ambassrdamh of the relationship between the two countries and expressed his country's readiness to provide assistance in technical areas, technological and support the political process and economic construction in the new Iraq, including extinguishing debt and work in archaeological sites and equip security forces.
For his part, said Shukri said the loan Italian will be repaid in eight years as it will contribute to the support of strategic projects including the construction of housing and low cost in the province of Nineveh to support the poor and the Christian community and the file of the effects and support the establishment of the port of Faw, as well as building a university in the area Ainkawa governorate of Erbil.
On the other hand, the Department announced the government investment programs in the Ministry of Planning that the total actual expenditures for the investment projects of the ministries and departments not related to the Ministry, over the past year amounted to some 111 billion and 736 million dinars.
A statement of the ministry, received the "morning," a copy of it calculated that the total amounts of actual expenditures for investment projects with the kinds of advances reportedly came from the Ministry of Finance and was by 42.1 percent. "
The statement added that the actual expenditure without advances amounted to about 46 billion dinars by 17.4 percent of the total allocations of ministries and departments not related to the Ministry without the advances amounted to 10 billion dinars exchange rate of 28.3 percent.
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