Iraq signs $220 mln loan from Japan to support 2016 budget
Iraqi Foreign Minister Ibrahim al-Jaafari

BAGHDAD: Iraq agreed to a loan from Japan worth 250 billion yen ($220 million) to help fill a funding gap in its 2016 budget, the finance ministry said on Thursday.

“This loan comes as part of the joint funding with the World Bank that has already been presented to Iraq as a loan to support the development policy for financial reform,” the ministry said in a statement on its website.

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