Germany: €15 million for Sinjar home reconstruction project
INA – BAGHDAD
The German Development Bank announced on Monday a €15 million Sinjar home reconstruction project, affirming the ongoing support for Iraq through grants and loans to stimulate the economy.
"Our projects began in 2015 through several partnerships with government agencies and United Nations organizations. We have implemented numerous projects in the fields of health, energy, education, private sector support, water and electricity services, and many other sectors," said the Director of the German Development Bank, Mark-Andre Hensel, to the Iraqi News Agency - INA.
He added, "Our journey as a partnership has been very fruitful, and we appreciate the support and cooperation we have received from our partners. We look forward to longer and better partnerships in Iraq."
"The German Development Bank has numerous contributions to the Iraqi government, through financial grants and loans. We have worked in cooperation with the German government. We are closely monitoring the development of the Iraqi market and are looking for opportunities to support this progress across Iraq," Hensel added.
Regarding the rural infrastructure project, Hensel explained that "the fourth phase of the project concerns the reconstruction of houses in Sinjar for 15 million euros," noting that "the previous three phases of the project ranged in value from 15 to 20 million euros each."
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