iraq inks deal for 27bn us military loan
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Iraq inks deal for $2.7bn US military loan

Arab Today, arab today

Arab Today, arab today Iraq inks deal for $2.7bn US military loan

Iraqi tanks rumble towards Falahat, a village on the outskirts of Fallujah,
Baghdad - Arab Today

Iraq secured a deal Wednesday for a $2.7 billion US loan to finance the buying of ammunition and maintenance of tanks and fighters used in the fight against the Islamic State group.

A US embassy statement said the declaration of intent was signed by Ambassador Stuart Jones and Iraqi Finance Minister Hoshyar Zebari.

The US Foreign Military Finance credit facility will help Iraq "defer payment for the purchase of ammunition and maintenance of its F-16s (jets) and M1A1 (Abrams) tanks," Jones said.

The deal gives Iraq eight-and-a-half years to pay for its military purchases, in what the statement said was part of Washington's efforts to ensure Baghdad's economic difficulties do not affect the fight against IS.

Iraq, whose economy is overwhelmingly reliant on oil, is facing a bruising budget crunch caused by the drop in crude prices and the ongoing cost of the war on IS.

The United States, which occupied Iraq for eight years, is the lead nation in a coalition providing Iraq with assistance in the form of air strikes, military advising and training.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iraq inks deal for 27bn us military loan iraq inks deal for 27bn us military loan

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iraq inks deal for 27bn us military loan iraq inks deal for 27bn us military loan

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday