MOF: Signing three agreements with American companies

  • 20-08-2020, 13:21
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    Baghdad - INA


     The Ministry of Finance announced today, Thursday, the signing of three agreements with well-known American companies to support the economy, finance large projects and develop the electricity sector.

     Finance Minister Ali Abdul Amir Allawi said in a statement to the Iraqi News Agency (INA), today, Thursday, that "three agreements have been signed with the American side, the first of which is with USAID to restore their programs in Iraq and support the Iraqi economy, especially in the field of social development," indicating that the agency is one of the largest institutions that contributed to the reconstruction of Iraq. "

     He added that "the second agreement was with one of the US government institutions that supports direct investments by taking shares in corporate institutions, including Iraqi companies, and they will be an important source in financing large projects."

     With regard to the third signature, Allawi said, "It has been with the Electric Company to finance major projects in the electricity sector, and the agreement will be important for rebuilding the electricity sector and power generation in Iraq."