EU proposes new aid package for Iraq

0 Comments | AFP, January, 2005

BRUSSELS (AFP) — The European Commission proposed a new 200 million euro (260 million dollar) aid package for Iraq, as a sign of the EU's support for a new Iraqi government after weekend elections.

"Our proposal means that we will be significant partners for the new Iraqi administation. 2005 will be a critical year for Iraq," said EU external relations commissioner Benita Ferrero-Waldner.

"We remain committed to reconstructing the country under the newly-elected transitional government and to imporoving the political situation and the lives of the Iraqi people," she added.

The new proposed aid includes 130 million euros to boost essential services and jobs; 15 million for technical assistance to help build Iraq's capacity in energy and trade and 10 million...