View Full Version : Iraq begins its dealings with the International Monetary Fund, starting from next mon

04-06-2011, 10:06 AM
Iraq begins its dealings with theInternational Monetary Fund, starting from next month

04/06/2011 | (Voice of Iraq) - An appearance in favor of Chancellor at the Central Bank of Iraq will deal with the International Monetary Fund, because ending the debts, which has anchored it, starting from next month.

And valid in a telephone conversation with PUKmedia on Wednesday, the economist at the CBI Cklo legal committees to work on improving the living situation of citizens in Iraq, the divisions to deal with the IMF within the Paris Club agreement, explaining that Iraq may submit documents to the UN Security Council During the next two months and include these documents to protect Iraqi funds.

http://www.sotaliraq.com/iraq-news.php?id=19045 (http://www.sotaliraq.com/iraq-news.php?id=19045)

04-06-2011, 10:29 AM
The reason Iraq has all these assets is because they dont pay their bills, if their creditors attach these assets they wont have anything to back the rv except a lot of oil that is still in the ground. What they're asking here is for another loan from people who know they dont pay their bills. Which end do you approach a two headed snake from???...thanx Tudor

04-06-2011, 10:36 AM
moonbeam, I had similar reactions but from a different standpoint. Iraq was told to clean up all of its outstanding debts, the Paris convention debt was specifically mentioned. I was wondering if the IMF was - in effect - assuming this debt. anyone know?

04-06-2011, 12:22 PM
see the imf articles index post [interactive web page --click on chapter to see content]... your answer to iraq's imf dealings is in the imf chapters. :) long term plan has been in effect since post-invasion.

04-06-2011, 01:04 PM
thank you, Perez!

04-06-2011, 04:46 PM
also sallyds,,
The CBI announced that it cleared 90% of its internal debts with traders and private companies, according to the Paris Convention, through which Iraq fulfilled its obligations to the entire private sector, freeing the country from a significant part of the restrictions placed upon it. and that iraq is working on a plain to paid all back by a time frame of their old debts that they owe ,so what they have borrow now that is all new debts