Monday, May 2, 2011

***U.S. and Iraq's Economy ~ Jeffrey asserts that Iraq is an important economic power in the Middle East ...

Related article from yesterday ~ Link ~ Baghdad and Washington are discussing ways to protect Iraqi funds abroad

Monday, May 2, 2011


Jeffrey asserts that Iraq is an important economic power in the Middle East

According to the ambassador in Iraq, Khatib James Jeffrey said the Iraqi economy is undergoing a strong recovery it is possible to evolve over the coming years as a result of focusing on the diversification of the proceeds of the national income of Iraq, "he said in an interview made by the (morning): The infrastructure sector is one of the most important sectors in which companies operate both in the U.S. defense trade sector or provide the strategic sectors of advanced technologies as will happen in the transport sector after the signing of deals with U.S. Boynk.

And James Jeffrey said the energy sector is one of the important sectors as well and she works for a company General Electric (General Electric Company), as well as Siemens (global Company Siemens) for the development of electric power and supplying Iraq with more power to resolve power crisis during the year 2012 to 2014 and may reach between 6-11 thousand Mika / W, and will invest 5-6 billion dollars in the coming years in the field of energy.

He also noted the U.S. ambassador to the Exxon Mobil and other American corporations are now in partnership with international companies to develop oil fields

Iraqi to raise Iraq's production, which has a significant effect on the ability of Iraq's financial capabilities, including making it qualifies itself without relying on the international community.

Jeffrey explained that the U.S. has contributed through the diplomatic momentum to solve the problem of Iraq's debt through the Paris Club or outside the Paris Club and was among the first to write off debt - Iraq, except for sector debt

Any private U.S. companies, estimated at a total of $400 million was approved by the Iraqi government to be paid to the beneficiaries.

He hinted the U.S. ambassador to Iraq would be a full legal capacity and is responsible for his money, the end of 2011, and that the course of Iraqi agreement - the U.S. long-term will be of significant impact in the future of Iraq because of their significant role in the development of relations and increase Haijha in particular and the economy is today a binding agent and the effect of large strain in the bonds of international relations.

Jeffrey said that the long-term agreement will work to update the sectors of the Iraqi economy and move the performance of the state's economic interaction with U.S. companies and investors Americans.

The ambassador said the U.S. government is working through the Fed and U.S. Treasury and State Department with the Iraqi Foreign Ministry and the Central Bank and the Ministry of Finance.

Iraq to protect the funds and develop the skills and technical capacity to strengthen the capabilities of Iraq in increasing the effectiveness of the real Iraq and manage its future.

He called on the Iraqi government to develop the capabilities of Iraq to adopt a philosophy of market economy because of their significant role in activating and updating of the Iraqi economy, noting that Iraq today is an important economic power and influential in the international economy.

http://www.alfayhaa.tv/news/economy/56881.html