Arabs today - Iraq gets for the first time on a "credit rating" from international agencies

Arabs today - Iraq gets for the first time on a "credit rating" from international agencies

17/4/2016

Iraqi government delegation headed by Finance Minister Hoshyar Zebari in Washington

Najla al-Baghdad-Cut

Search Iraqi government delegation headed by Finance Minister Hoshyar Zebari , who is visiting Washington DC Currently, Iraq 's debt and improve its credit ratings.

A statement by the Ministry of Finance reported for "Arabs Today , " a copy of it, that "In the framework of the participation of the Minister of Finance at the Spring Meetings of the International Monetary Fund and the World Bank Group, met at Cleary Kutlb law firm and in charge of following up Iraq 's financial and legal issues where it was reviewing the latest developments concerning the capital markets and follow the positions of creditor countries of Iraq outside the framework of the Paris Club agreement and how it is processed under the current financial conditions. "

The delegation also met "with the Assistant Director of the total JP Morgan financial Dan Zeljko, during which they discussed the proper ways to enter the capital markets and obtain financial support under the current international financial situation."

And accept Finance Minister in a meeting with credit rating agencies opportunities to improve the credit rating obtained by Iraq during the past year, the first time in the history of Iraq, who gets it on credit from international agencies enjoy a high reputation in the world market rating. "

The Finance Minister Hoshyar Zebari arrived in the US capital Washington on Thursday evening at the head of a delegation that included Advisor to the Prime Minister for Economic Affairs and experts from the Ministry of Finance and the Central Bank to participate in the spring meetings of the International Monetary Fund and World Bank Group.

He met with the Iraqi delegation on Friday morning, the director of Iraq's office of the International Monetary Fund Christian Jooz and experts traveling with him to look at the existing relations of cooperation between Iraq and the Fund that Iraq sought to overcome the financial crisis and the possibilities available to the Fund to provide financial and technical support him in this area and in particular in the field of ready credit arrangement.

The delegation also held a series of meetings with officials of the IMF and World Bank to discuss ways to increase support for Iraq in the reconstruction of liberated cities.

Referred to the Finance Minister Hoshyar Zebari and his accompanying delegation met with Director of the Economic Department at the Ministry of Foreign Affairs Lisa Ciobsk, and discussed with him the economic and financial conditions through which Iraq and the possibilities to strengthen US support to overcome the current financial crisis is going through. "

The Zebari during the meeting, "the importance of the support of friends through consultations circle now between Iraq and the International Monetary Fund for a standby credit arrangement, because of the positive effects on Iraq sought to obtain international support and support for financial markets, as well as Iraq, for financial support from the fund, which help him to bridge the budget deficit. "

sassy wrote:This sounds good for Iraq, thanks rocky.