Sunday 10/10/2010Zubaidi discusses with U.S. bank financing infrastructure projects
Baghdad (news) ..
Finance Minister Bayan Jabr said in Washington with President of the Board of Directors of Export Import Bank of the U.S. EXIM Bank is unique Hoajabirk, and a member of the Board of Directors Bijan entity the possibility of the Bank's financing of large projects contracted by Iraq.
A statement by the Finance received (IAEA news) said on Sunday: that al-Zubaidi focused on the possibility of financing large projects contracted by Iraq, especially infrastructure projects such as electricity and the draft purchase Boeing in addition to water projects and sanitation with the possibility of holding the Convention on credit with the Trade Bank of Iraq to finance trade between Iraq and the United States of America by giving the Iraqi Trade Bank line of credit and short-term average.
He added: The President of the Board of Directors of the Bank promised to meet the financing needs of Iraq and the bank is open on Iraq, there is no specific funding ceilings.
He continued: Zubaidi called Export Import Bank of the U.S. to play a bigger role in Iraq through the financing of development projects, the numerous and substantial, as suggested by the bank started to prepare a draft credit agreement with the Trade Bank of Iraq and sent to the Iraqi side of the study and determine the date of signing to give the bank lines of credit to certain amounts For certain periods, as well as the Export-Import Bank to send out the conditions and sizes of funding available for study.
The statement said Zubaidi said 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.
He explained: "The two sides 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 what has been achieved in this aspect.
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He added: The President of the Board of Directors of the Bank promised to meet the financing needs of Iraq and the bank is open on Iraq, there is no specific funding ceilings.
He continued: Zubaidi called Export Import Bank of the U.S. to play a bigger role in Iraq through the financing of development projects, the numerous and substantial, as suggested by the bank started to prepare a draft credit agreement with the Trade Bank of Iraq and sent to the Iraqi side of the study and determine the date of signing to give the bank lines of credit to certain amounts For certain periods, as well as the Export-Import Bank to send out the conditions and sizes of funding available for study.
The statement said Zubaidi said 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.
He explained: "The two sides 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 what has been achieved in this aspect.
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