Germany, Iraq finalise 500 million euro credit to aid stabilisation


  • World
  • Monday, 13 Feb 2017

German Chancellor Angela Merkel attends a presentation of a newly designed 2-Euro coin at the Chancellery in Berlin, Germany February 10, 2017. REUTERS/Hannibal Hanschke

BERLIN (Reuters) - Germany signed an agreement with Iraq on Monday to provide a 500 million euro (£424.2 million) credit facility to fund investments aimed at rebuilding Iraqi infrastructure damaged in the war with Islamic State militants.

The credit line, the biggest yet provided to Iraq, was promised by Chancellor Angela Merkel to Iraqi Prime Minister Haider al-Abadi a year ago.

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