Loans will be issued to citizens for construction or rehabilitation of residential units


The Council of Ministers decided on Sunday to release loans to citizens for the purpose of building or rehabilitating housing units damaged by terrorist and military operations.
“The Ministry of Finance shall bear the amounts of interest arising from such loans for the first five years. The approval of lending shall be accompanied by the approval of the competent compensation committees. The Ministry of Finance shall prepare instructions to facilitate implementation of the decision in coordination with the Ministry of Construction, Central Iraq “.
The Council’s decision came in accordance with what was presented by the Prime Minister in an emergency during the meeting of the Council of Ministers and to provide the best services to the Iraqi citizen.

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