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Iraq Signs $257M Loan Agreement With Jpmorgan
(MENAFN- Iraq Business News) By John Lee.
Iraq's Finance Minister, Taif Sami, has signed a financing agreement for the maintenance of the Ministry of Electricity's power stations with JPMorgan , in partnership with General Electric (GE) .
The $257 million loan, guaranteed by the US Export-Import Bank (EXIM) , is part of the fifth phase of the annual maintenance project.
The agreement aims to enhance Iraq's electricity production capacity and meet energy demands.
(Source: Ministry of Finance)
The post Iraq Signs $257m Loan Agreement with JPMorgan first appeared on Iraq Business News .
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