firefly

  In Uncategorized

Article quote: “Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high…”

Who the heck would buy International Bonds at 1085…Not going to happen!  The World Bank said in July it would provide Iraq with loans totaling $1.7 billion, while the International Monetary Fund agreed this year on an $833 million loan program.

I would rather see the WB, IMF and UN GUIDING the Government than giving them money! IMO the loans are history.

Comment