MOF IRAQ

[OKLAHOMA]

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[sunshinelvr]

Zubaidi ... Confirms the approval of Washington, International Monetary Fund to review the results of discussions

Washington 7/10/2010 Zubaidi ... Confirms the approval of Washington, International Monetary Fund discussions on the results of the first review of the Convention support the third SPA3

HE the Minister of Finance Baqir al-Zubaidi, of Washington, said the Board of Directors of the International Monetary Fund has approved

Its meeting held on 10.1.2010 on the outcome of the discussions that took place in the first review of the Convention support the third SPA3 that took place in June 2010 between the experts of the Ministry of Finance and Central Bank of Iraq and the IMF experts in Amman.

This states that under this approval have been launched by the Fund's second installment of the loan granted to Iraq and the deep (4.3 billion dollars) has reached the second installment up to (475) million of special drawing rights of the SDR, which is equivalent up to (741) million U.S. dollars note " that the Fund has already released the first batch and the beginning of this year, amounting to up to (453) million U.S. dollars.

Thursday, October 07

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Zubaidi ... Meets with head of the Export-Import Bank and U.S. Bank is calling for funding

Washington 10/07/2010 Zubaidi ... Meets with head of the Export-Import Bank U.S. And calls for the Bank to finance various development projects in Iraq

On the sidelines of the visit of His Excellency the Minister of Finance Baqir al-Zubaidi to the United States of America to participate in the

Annual meetings of the International Monetary Fund and the World Bank for the year 2010. Met with His Excellency Mr. Fred Hoajabirk Chairman of the Board of Directors of Bank of exports and imports, the U.S. EXIM Bank and Mr. Bijan entity member of the Board and the presence of a number of experts from the bank. During the meeting, they discussed the possibility of the bank will finance large projects contracted by by Iraq and private infrastructure projects as projects and draft power purchase of Boeing aircraft In addition to water projects and sanitation with the possibility of a credit agreement with the Trade Bank of Iraq to finance trade between Iraq and the United States of America by granting Iraqi Trade Bank line of credit and short-term average. For his part, promised to Mr. President of the Board of Directors of the Bank to meet the financing needs of Iraq and the bank is open on Iraq, there is no specific funding ceilings. He called on the Minister of Finance Bank of exports and imports for the U.S. played a role " The largest in Iraq Through Financing development projects, the numerous and substantial as suggested by His Excellency the bank started to prepare a draft credit agreement with the Trade Bank of Iraq and sent to the Iraqi side for the study and determine the date of signing to give the bank credit lines to certain amounts and certain periods, as well as the Export-Import Bank to send out the conditions And sizes of funding available for study. The Minister stressed that the Iraqi side will send priority projects to the Iraqi government, which need to be funded until it is studied by the Export Import Bank of the United States. And the two sides had agreed on the need for regular meetings for the purpose of exchange of visits every three months to monitor and evaluate progress in these areas in order to Follow-up to what has been achieved on that side.

Thursday, October 07

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[mi17mech]

thanks for the post

GO RV

[coolbeans]

Thanks Sunshinelvr! Great find as usual.