Bumped ~
18/04/2011
Financial confirmed it seeks to cancel the external debt
BAGHDAD - Wafaa Amer Ministry of Finance announced that a delegation headed by Minister Rafie al-Issawi is currently negotiating in the United States on the extension of protection to the Iraqi funds abroad, due to expire in early June, while confirming its efforts to cancel debt owed by Iraq and resorting to the Paris Club agreement in this regard.
An official source at the ministry's "morning," said Minister of Finance Dr. Rafie al-Issawi directed at the head of government delegation to the United States to negotiate with Washington on the issue of extension of protection to the Iraqi funds abroad.
He pointed out that this step is one of the mechanisms within the package taken by the government to Toviralhamaip its money abroad, especially as the term of protection of this money will end with the beginning of June.
The source stressed the importance of finding alternative solutions to protect the money and is not endangered in the event of failure to reach agreement on the extension of protection, pointing out that the ongoing meetings with officials in the United States to find appropriate solutions for it.
The source added that the delegation held meetings with the ministers of a number of creditor nations of Iraq, on the sidelines of the meetings, which raised the possibility of debt relief for Iraq, saying at the same time the opportunity is now appropriate to try to apply the Paris Club agreement between Iraq and its creditors.
Other hand, the source pointed out that there is a project proposal submitted by a number of experts to open a branch of the International Fund for Iraq, adding that this step will, if implemented, in the formulation of strategic economic actors in the coming years, in addition to the World Bank and IMF will be on direct contact with the economic activities of Iraq and the events associated with them, either through the relevant ministries or chambers of commerce, industry and investing parties, and will facilitate the international bodies the development of methods and plans to help Iraq, especially in the provision of employment opportunities, which are the main challenges facing the Middle East during this stage , according to the source.
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