FINANCIAL AND BANKING NEWS
LOANS AND ISSUES
Italy Approves New Loans for Iraq
Following signs of a thaw in financial relations between Iraq and Italy, theItalian Inter-Ministerial Committee for Foreign Political Economy has recentlyauthorized the signing of export credits worth a total of $1bn for Iraq. Thecredits will be made available through the official export credit guaranteeagency SACE and will have a seven-year maturity. Iraq is understood to havedemanded that as...