Iraq, US Exim Bank to sign US$3 billion agreement - Tillerson

Iraq, US Exim Bank to sign US$3 billion agreement - Tillerson

The U.S. Exim Bank plans to extend Iraq a US$3 billion credit line to help rebuild the country after the war with Islamic State, Secretary of State Rex Tillerson said on Tuesday in Kuwait.

U.S. Secretary of State Rex Tillerson attends the Kuwait International Conference for Reconstructio
U.S. Secretary of State Rex Tillerson attends the Kuwait International Conference for Reconstruction of Iraq, in Bayan, Kuwait February 13, 2018. REUTERS/Stephanie McGehee

KUWAIT: The U.S. Exim Bank plans to extend Iraq a US$3 billion credit line to help rebuild the country after the war with Islamic State, Secretary of State Rex Tillerson said on Tuesday in Kuwait.

"To signal its strong commitments, the Exim Bank and Iraq's Ministry of Finance will sign today a 3 billion-dollar memorandum of understanding that will set a stage for future cooperation," he told a conference on Iraq's reconstruction in Kuwait.

(Reporting by Yara Bayoumy and Maher Chmaytelli; editing by John Stonestreet)

Source: Reuters

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