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Iraq-Italy: 260 Million Euros in Soft Loans

Finanza JIACC

Italy will provide 260 million euros ($321 million) in soft loans to Iraq alongside $6.5 million in grants and $5 million in humanitarian assistance, Giorgio Marrapodi, Italy’s director general for development cooperation, said on Wednesday

Source: Reuters/The New York Times – He was speaking in Kuwait where donors and investors have gathered to discuss efforts to rebuild Iraq’s economy and infrastructure as it emerges from a devastating conflict with Islamic State militants who seized almost a third of the country

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