For Free Headlines Submit Your Email
Thursday, May 16, 2024 13:31 GMT
A delegation from Iraq, led by Deputy Prime Minister and Minister of Planning Mohammed Tameem, met with a delegation from the United States government, headed by Secretary of State Antony J. Blinken, in the High-Level Coordination Committee (HCC) meeting yesterday, April 15th.The meeting was held in accordance with the 2008 Strategic Framework Agreement (SFA) between Iraq and the United States.According to a statement issued after the meeting, the U.S. International Development Finance Corporation (DFC), in conjunction with the United States Agency for International Development (USAID), will provide a US$50 million loan to the National Bank of Iraq in support of private sector development in Iraq.This loan, facilitated by USAID, aims to extend credit to small and medium-sized enterprises (SMEs), with a focus on businesses without previous banking relationships and those led by women.