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World Bank announces its readiness to support Iraq in the orientations of the implementation of projects to pay on credit


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10/10/2011 | (Voice of Iraq) - Loay al-Rubaie - Fayhaa major international banks have expressed their willingness to support Iraq in the direction to pursue the style of the implementation of projects to pay on credit in return for guarantees from the government through the issuance of sovereign bonds to support this program. The Director-General of Trade Bank of Iraq Hamdiya dry after returning from America after their participation in meetings of international banks that the results of her meetings with the heads of banks were successful, including JP Morkn and resulted in the formation of a joint committee to restore the amounts of private and ministries, the Iraqi parked 4 years ago because of disagreements between the processors and contractors with them and return these amounts and deposited in the Development Fund for Iraq. In the meantime, revealed dry for the achievement of the Iraqi delegation gains new was the possibility of open credit line of credit at the rate of $ 25 million and to extend the guarantee for the longest of the year in order to support the Iraqi private sector in addition to a proposal by the TBI to reduce commissions on funds to mitigate the burden of Iraqi consumer and activating the role of guarantors of global banks for its companies operating in Iraq.

http://www.sotaliraq.com/business.php?id=4255

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