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Japan plans to offer job training programs and yen-denominated loans to Iraq

The Japanese government is moving forward with plans to offer job training programs and yen-denominated loans to Iraq in light of worsening security conditions there, Asia Pulse reported.

Some $1.5 billion in grant aid and $3.5 billion in yen-denominated loans, to be distributed in the three years starting 2005, are the main components of Japan's financial cooperation.

Of the grant aid, $1.15 billion will be applied toward the maintenance of hospitals and repairs for such infrastructure as water and electricity systems.

Source : MenaFn.com



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