Walkingstick: Urgent .. US Vice President Joseph Biden arrives in Baghdad on unannounced visit –
28-04-2016 04:26 PM
See more at: http://www.dijlah.tv/index.php?page=article&id=189063#sthash.K0FgLCtJ.2oskPyDG.dpuf
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Biden Arrives in Iraq to Try to Help Settle Political Crisis
By JOSH LEDERMAN, ASSOCIATED PRESS
BAGHDAD — Apr 28, 2016, 9:21 AM ET
http://abcnews.go.com/International/wireStory/biden-arrives-iraq-settle-political-crisis-38732073
Mountainman: Hey Where is O…….???…………..WHY NOW……???……Unannounced PUBLICLY……but NOT {PRIVATELY} to those WHO are in the “KNOW”……..IMO
Blessings,Mountainman (8)=New Beginnings……..UNANNOUNCED ONES……..
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ReddStarr: First India, now the UK….people are starting to talk more & more about the potential in Iraq…..
Iraq “one of the Biggest Investment Opportunities”
April 28, 2016 By Padraig O’Hannelly.
The United Kingdom’s Ambassador to Baghdad has said Iraq has the potential to become an economic force in the region, and encouraged British businesses to take advantage of the opportunities it presents.
Addressing senior executives at the Iraq Britain Business Council (IBBC)‘s Spring Conference in London on Wednesday, H.E. Frank Baker OBE said that to achieve this, Iraq needs to realise its vision to implement substantive economic reforms and to rebuild key infrastructure and institutions, adding:
“This economic reform cannot take place without developing the country’s private sector, because that in turn will help bring about stability and prosperity.
“Despite all the challenges, Iraq offers one of the greatest investment opportunities in the region.”
Referring to “stifling bureaucracy and corruption“, the Ambassador acknowledged that it is not a market for the faint hearted, but advised British enterprises with a “buccaneering spirit” take on the challenge.
“Iraq will offer one of the biggest investment opportunities to UK companies in the first half of this century, but to do so, British business has to be prepared to manage the risks and to take chances.”
http://www.iraq-businessnews.com/2016/04/28/iraq-one-of-the-biggest-investment-opportunities/
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Mountainman: AWESOME WS…….MAY DAY…….MAY DAY……..ANYONE……???……………ARTICLE (8)…….How can You {TAP} the International Market ??? Unless ONE is INTERNATIONAL…..??? IMO……..
Blessings,Mountainman (8)=New Beginnings……..for BONDS
Walkingstick: Iraq Counts on IMF Agreement, U.S. Guarantee to Issue Eurobonds
April 28, 2016 — 6:54 AM EDT
- High interest rates so far barring Iraq from tapping market
- Rate could fall to as low as 4% with stand-by IMF deal
High interest rates are preventing Iraq from tapping the international bond market to plug its budget deficit, with the government hoping a deal with the International Monetary Fund would significantly cut its borrowing costs.
The war-torn oil producer is having “big problems” selling foreign bonds because lenders are asking for an interest rate of 11.5 percent, Deputy Finance Minister Fadhel Nabi said in an interview in Erbil. The rate would fall to as low as 4 percent if Iraq reaches a stand-by agreement with the IMF, or if the U.S. agreed to back the bond sale.
Iraq aims to sell Eurobonds in the second half of this year, while the IMF has said it hopes to conclude an agreement with authorities in Baghdad in May.
Iraq’s oil revenue has dropped as crude prices plummeted, a problem compounded by the government’s expensive war against Islamic State militants who have taken over some major Iraqi cities.
Nabi said he expects the price of oil to rise to $50 per barrel by the end of 2016, and $60-$65 next year. Iraq may draft its 2017 budget based on an oil price of $32 per barrel “to be on the safe-side,” he said.
The conflict with Islamic State, which captured swaths of northern Iraq in the summer of 2014, has destroyed economic infrastructure, disrupted trade and discouraged investment. The country is facing the “double shock” of war as well as the crude-oil price drop, and has “urgent” balance-of-payment and budget needs, the IMF said in January.
http://www.bloomberg.com/news/articles/2016-04-28/iraq-counts-on-imf-agreement-u-s-guarantee-to-issue-eurobonds
