Home
Economic affairs specialists expressed fears of possible exposure of Iraqi funds abroad to detention or confiscation, if Iraq did not improve the management of this file after the lifting of the U.S. trusteeship by the end of next May.
It was Barack Obama, the U.S. president, said last year that the U.S. administration would not extend guardianship, calling on Iraq to solve the financial problems with creditors abroad. urged Majid picture, a financial expert, the Iraqi authorities to defend Iraq's funds of entities in the private sector they have relationships Financial with the former regime, warning that it may resort to the courts competent to get their money. said the appearance of Mohammed Saleh, former deputy governor of the Central Bank of the former, that Iraq was able to reduce its debt to 20% according to the Paris Club agreements, but some creditors were able to get the provisions of peremptory before this agreement, so to Iraq to pay its debts in full to them, and not 20% of them only, which may make the Iraqi funds at risk. called Haitham al-Jubouri, a member of the parliamentary finance committee, the government, the need to negotiate with the creditors in order to debt rescheduling to facilitate the process of repayment including not affect the status of funds abroad. however Hilal Taan, Adviser at the Ministry of Finance, downplayed concerns, citing that Iraq was able to resolve a lot of financial issues prudent public debt, as well as debt reduction of 120 billion to about U.S. $ 24 billion, especially after resolving the issue of Kuwait Airways and transfer the remaining funds to investments and joint ventures between the two parties. Finished
[You must be registered and logged in to see this link.]
It was Barack Obama, the U.S. president, said last year that the U.S. administration would not extend guardianship, calling on Iraq to solve the financial problems with creditors abroad. urged Majid picture, a financial expert, the Iraqi authorities to defend Iraq's funds of entities in the private sector they have relationships Financial with the former regime, warning that it may resort to the courts competent to get their money. said the appearance of Mohammed Saleh, former deputy governor of the Central Bank of the former, that Iraq was able to reduce its debt to 20% according to the Paris Club agreements, but some creditors were able to get the provisions of peremptory before this agreement, so to Iraq to pay its debts in full to them, and not 20% of them only, which may make the Iraqi funds at risk. called Haitham al-Jubouri, a member of the parliamentary finance committee, the government, the need to negotiate with the creditors in order to debt rescheduling to facilitate the process of repayment including not affect the status of funds abroad. however Hilal Taan, Adviser at the Ministry of Finance, downplayed concerns, citing that Iraq was able to resolve a lot of financial issues prudent public debt, as well as debt reduction of 120 billion to about U.S. $ 24 billion, especially after resolving the issue of Kuwait Airways and transfer the remaining funds to investments and joint ventures between the two parties. Finished
[You must be registered and logged in to see this link.]
