Finance minister authorized to grant loans

BAGHDAD / IraqiNews.com: The Iraqi cabinet has agreed to authorize the minister of finance to grant loans to state institutions that are financed through an International Development Authority (IDA) loan, a government spokesperson said on Thursday. “The approval was made during a cabinet session dated November 25,” Spokesperson Ali al-Dabbagh said in a statement received by IraqiNews.com. Iraq had signed four financial agreements with the International Development Authority to finance several infrastructure projects. SS (P) 1