Japan provides $23.5 million to restore stability in liberated areas in Iraq

(IraqiNews.com) Baghdad – The mission of the United Nations in Iraq announced on Monday, that Japan provided $23.5 million US dollars to Iraq to support the stability of the liberated areas from ISIS terrorist gangs, as well as enhancing its ability to deal with crises. The mission of the United Nations in Iraq (UNAMI) said in a statement followed by IraqiNews.com, “The Govern

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Iraqi Central Bank lends 1200 billion dinars to Housing Fund

(IraqiNews.com) Baghdad – The Minister of Housing Tariq Chikhani announced on Tuesday, that the Iraqi Central Bank lent the Housing Fund a loan of 1 trillion and 200 billion dinars, while pointed out that 850 billion dinars of the loan will be paid next week. Chikhani said in a statement followed by IraqiNews.com, “The ministry built 70,000 housing units through the Housing Fu

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UN chief to help Iraq overcome financial crisis, fight IS

BAGHDAD, March 26 (Xinhua) -- United Nations Secretary-General Ban Ki-moon on Saturday paid an official visit here, aiming at showing the international community's support to the Iraqi government to confront economic crisis and fight against the Islamic State (IS). The UN chief, who was accompanied by World Bank President Jim Yong Kim and President of the Islamic Development B

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Iraq May Receive Financial Aid Package in 2016 and Beyond

The Iraqi government could receive $6.4 billion from organizations and donors in 2016, according to Reuters. Iraq has commenced negotiations with the International Monetary Fund (IMF), and authorities could receive $15 billion in assistance over the next three years. Iraq’s economy is nearly in tatters, which is primarily due to warfare and lower oil prices. Negotiations for th

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