Monday 28 December 2015

Italy to fund major Iraqi infrastructure projects

Italy is set to provide a $2.72 million fund to a United Nations agency to support the stability of Iraq and boost its civil infrastructure, said a report.

The grant is a part of an Italian pledge of $7.63 million to support the activities of stabilisation, which have been expended recently in Salahuddin, Diyala, Nineveh and Anbar provinces, reported theiraqinews.com, citing a UN statement.

The Funding Facility for Immediate Stabilization (FFIS) managed by UNDP aims to support rehabilitating civil infrastructure, launching of local economy and boosting the government’s capacities as well as promoting community reconciliation in Iraq, the report stated. For the full article click here 



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