BAGHDAD: Iraqi Agricultural Cooperative Bank announced that 2014 agricultural loans will reach 288 billion Iraqi dinars.
Director General Mohammed al-Khafaji stated that new mechanism was laid down to distribute the loans on province, after being endorsed by the Iraqi parlialment.
Last month, ministry of agriculture announced that the amounts given for the agricultural initiative till the end of last year reached to 2.2 trillion Iraqi dinars all over provinces.
On the other hand, the Iraqi Parliament decided to delete the profits for ex-loans given to farmers.
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