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.

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