05-03-2025
Iraq Approves Loans from France for Sewerage Projects
By John Lee.
The Iraqi Council of Ministers has authorised the Minister of Finance, or her delegate, to sign a loan agreement with the Agence Française de Développement (AFD) to finance the Al-Hamza District Sewer Project in Al-Diwaniyah Province.
This approval falls under Federal Budget Law No. 13 of 2023, covering fiscal years 2023-2025, for the benefit of the Ministry of Construction, Housing, Municipalities, and Public Works.
Additionally, the Council approved an amendment to Resolution No. 356 of 2021, which includes: Authorising the Minister of Finance to sign an amendment to the additional financing loan agreement for the Al-Khalidiya Sewerage Project, funded by AFD, under the same budget law.
Authorising the Minister of Finance to sign the additional financing agreement for the project.
AFD, the French Development Agency, is a public financial institution that implements France's development and international solidarity policies.
(Source: PMO)
