France to loan 430 million euros to Iraq: Foreign ministry

France will grant a loan of 430 million euros to Iraq whose economy has been weakened by lower oil prices and its fight against jihadists, a French Foreign Ministry official said on Wednesday.

Foreign Minister Jean-Yves Le Drian made the announcement during talks in Baghdad with Iraqi Prime Minister Haider al-Abadi and said that $ 512 million would be released before the end of 2017, the official said. The AFP.

“France has been present since the first battles against Daesh (Islamic State group) and will also be present in times of peace,” said Le Drian, accompanied by Defense Minister Florence Parly.

The loan is designed to help war-torn country reforms, improve public services, and improve the performance of its state-owned enterprises. Drian also gave Abadi an invitation from French President Emmanuel Macron to visit Paris.

The visit of foreign ministers of foreign defense and came as Iraqi forces announced the expulsion of the center of Tal Afar, one of the last jihadist bastionnaires in the north of the Islamic State group.

Progress, a few days later, in a strategic attack on the strategic city, just six weeks after Abadi declared victory in the second is in the city of Mosul, where the jihadist group said its “caliph” in 2014 .

A plane in Baghdad, Le Drian said that Iraq faced the double challenge of “the war that ends and the beginning of stabilization and reconstruction.”

France is a key member of the US-led coalition that fought IS in Iraq and neighboring Syria. French forces carried out air and artillery attacks in support of Iraqi operations against jihadists, who lost a large amount of land was seized in 2014.

France, which refused to participate in the 2003 US-led invasion that killed dictator Saddam Hussein, is willing to participate in the reconstruction of Iraq. The cost of reconstruction has been estimated at USD 700 billion and USD 1 trillion.

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