2 days ago
Iraq Amends Funding Structure for China Framework Agreement
By John Lee.
The Iraqi Cabinet has approved amendments to its earlier decision (No. 229 of 2025) concerning the Iraq-China Framework Agreement.
The revisions allow for the reallocation of project funding under the investment account of the agreement, based on proposals prepared by the Diwani Order Committee No. 23995 and in line with the Federal Budget Law.
As part of these changes, the financing source for Phase 1 of a 250-megawatt solar power plant, to be developed by the Ministry of Electricity, will be shifted from the credit account to the investment account of the framework agreement.
According to a statement from the Office of the Prime Minister, this shift aligns the funding mechanism with the requirements of Iraq's federal budget legislation.
(Source: PMO)
