LOANS AND ISSUES

UK Renews Trade Credit Agreement with Iraq

The United Kingdom has agreed to renew a trade credit agreement with Iraq worth £300mn ($375mn) under a protocol agreed to earlier this month in Baghdad by the Anglo-Iraqi Joint Trade Commission. The UK Export Credits Guarantee Department (ECGD)) is offering a £250mn medium-term credit for British capital goods and machinery along with £25mn extended credit for pharmaceuticals. Iraq will have to place the...