Italy grants US$600 million easy-term loan for farming

11 January 2007 | by FarmingUK Team |

Italy has granted Iraq a US$600 million easy-term loan, Iraqi Finance Minister Bayan Jabor said this week.

Jabor, speaking to reporters in Amman, said he signed an agreement with the Italian foreign ministry on the new loan in Rome last week. He said the loan will go toward financing Iraqi farmers and the agriculture sector. The state-run Iraqi Trade Bank will handle the loan, he added.