Parliamentary Finance Committee: Interest rate on loans obtained by Iraq does not exceed 3%


The Parliamentary Finance Committee announced on Thursday that the interest rates specified in Iraq’s foreign loans from 1-3%, indicating that the annual repayment ratio of all old and new loans ranging between 7 – 8 trillion dinars annually.
“Iraq agreed with the donor countries that the interest rates should not exceed 1-3 percent, including the Japanese, German and American loans,” said Hossam al-Aqabi, a member of the committee. “Most loans have been used for ongoing investment projects,” he said.
The statement added that “Iraq will pay the old and new loans between 7 – 8 trillion dinars annually.”

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