Algeria cancels debt owed by Iraq

[k98nights]

Algeria cancels debt owed by Iraq

Palm-informed the Algerian government Saturday, the Iraqi Ministry of Foreign Affairs to cancel all debt owed by Iraq, without reference to the value of loans.

According to informed sources in the Iraqi capital Baghdad وجزائر the capital, that the Algerian Foreign Minister murad Madlasi told his Iraqi counterpart Hoshyar Zebari, that his country has issued a decision, to cancel all debts owed by Iraq.

According to the source, the Algerian government issued this resolution with a view to assist in the development of the Iraqi economy, within the framework of the brotherhood, friendship and cooperation between the two countries.

-Iraqi relations and Algerian witnesses a noticeable development, since Iraq to open its embassy in this country the month of March, last March.

, The Iraqi government has launched in July last July the national development plan for the next five years, from 2010 to 2014, which is expected to include some 2700 projects in various sectors, with a value of up to $186 billion.

http://www.nakhelnews.com/pages/news.php?nid=9132

[drox]

Awesome! Thanks K98! Hope we see more articles like this!!!

[cisole]

[DinarProwler]

Great news! Thanks K98