An Iraqi woman walks past a US soldier near a school in the town of Iskandiriyah in the Babel province
An Iraqi woman walks past a US soldier near a school in the town of Iskandiriyah in the Babel province, 45 kms south of Baghdad, October 2011. Japan will offer Iraq loans totalling $750 million to help rebuild the oil-rich country, Prime Minister Yoshihiko Noda said Tuesday in his meeting with visiting Iraqi leader Nouri al-Maliki. © Ali al-Saadi - AFP/File
An Iraqi woman walks past a US soldier near a school in the town of Iskandiriyah in the Babel province
AFP
Last updated: November 22, 2011

Japan to give $750 million loans to Iraq

Japan will offer Iraq loans totalling $750 million to help rebuild the oil-rich country, Prime Minister Yoshihiko Noda said Tuesday in his meeting with visiting Iraqi leader Nouri al-Maliki.

The money will go toward refurbishment of oil refineries and other infrastructure and health care projects, according to the Japanese foreign ministry.

Resource-poor Japan has eagerly sought to strengthen its ties with Iraq by offering reconstruction support. The world's third-largest economy relies heavily on the Middle East for its oil needs.

Tokyo has also promoted Japan's infrastructure technology, particularly in emerging economies.

blog comments powered by Disqus
Stay Connected
twitter icon Twitter 13,558 linkedin icon LinkedIn 463
facebook icon Facebook 87,173 google+ icon Google+ 272