July 1, 2010
Al-Zubaidi confirms the need for a branch of the World Bank in Iraq
BAGHDAD (AP) Finance Minister Baqer al-Zubaidi, the importance of opening a branch of the World Bank in Iraq in order to promote confidence and the relationship between the World Bank, Iraq and creating a predictable environment to support investment and entry of firms into Iraq.
Zubaidi and during a meeting with a U.S. delegation led by Assistant U.S. Treasury Secretary Charles Cullen said that "the economic successes achieved in Iraq was the result of a strong and sustained effort of the Ministry of Finance in formulating and implementing fiscal policy that has been growing" significantly "in the Iraqi economy.
He said al-Zubaidi said in a statement the Ministry of Finance that Iraq has achieved considerable progress in the relationship with the International Monetary Fund and the Convention chock SBA, where he was receiving (400) million dollars of the loan, (3,8) billion dollars over two years, and the discussions with the Fund for the period From 1317 / July this for the second installment of the loan and the amount of ((475 million dollars.
Also reviewed Zubaidi with the guests strategic budget for the years (2011, 2012, 2013), which demarcates the first time in Iraq to provide a strategy and clear for the phased reduction of the deficit in the budget of Iraq, Federal these years, and limit the benefits of highest production of oil to keep the security gains and economic gains made in Iraq.
For his part, Assistant Secretary of the Treasury U.S. Government's commitment to effective U.S. support for Iraq to continue to support the efforts of economic reform in the areas of financial management and the financial market to promote economic growth and prosperity.
This delegation included also the U.S. Director of the Office for International Economics in the Middle East and North Africa in the U.S. Treasury Department and a number of aides and Treasury Department at the U.S. Embassy.
AP
Al-Zubaidi confirms the need for a branch of the World Bank in Iraq
BAGHDAD (AP) Finance Minister Baqer al-Zubaidi, the importance of opening a branch of the World Bank in Iraq in order to promote confidence and the relationship between the World Bank, Iraq and creating a predictable environment to support investment and entry of firms into Iraq.
Zubaidi and during a meeting with a U.S. delegation led by Assistant U.S. Treasury Secretary Charles Cullen said that "the economic successes achieved in Iraq was the result of a strong and sustained effort of the Ministry of Finance in formulating and implementing fiscal policy that has been growing" significantly "in the Iraqi economy.
He said al-Zubaidi said in a statement the Ministry of Finance that Iraq has achieved considerable progress in the relationship with the International Monetary Fund and the Convention chock SBA, where he was receiving (400) million dollars of the loan, (3,8) billion dollars over two years, and the discussions with the Fund for the period From 1317 / July this for the second installment of the loan and the amount of ((475 million dollars.
Also reviewed Zubaidi with the guests strategic budget for the years (2011, 2012, 2013), which demarcates the first time in Iraq to provide a strategy and clear for the phased reduction of the deficit in the budget of Iraq, Federal these years, and limit the benefits of highest production of oil to keep the security gains and economic gains made in Iraq.
For his part, Assistant Secretary of the Treasury U.S. Government's commitment to effective U.S. support for Iraq to continue to support the efforts of economic reform in the areas of financial management and the financial market to promote economic growth and prosperity.
This delegation included also the U.S. Director of the Office for International Economics in the Middle East and North Africa in the U.S. Treasury Department and a number of aides and Treasury Department at the U.S. Embassy.
AP
