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Agreement to reduce debt to China

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1 Agreement to reduce debt to China on Mon Nov 09, 2009 9:39 am

windreader1


China gets the first oil contract, HMMMMMMMM, wonder why, LOL?


Minister of Finance announced the initial signing with the Chinese side to reduce its debt to Iraq by 80%
(Voice of Iraq) - 09/11/2009


His Excellency Mr. Minister of Finance Baqir al-Zubaidi said that the delegation sent to the People's Republic of China headed by Dr. Aziz Jaafar Hassan personal advisor to the minister and the membership of the Central Bank of Iraq adviser, Mr. Hassan al-Haidari and Director General of Department of Economic Development, Ministry of Oil, Mr. Hassan and the high number of advisers to the Iraqi Government on religion in the light of the Memorandum of Understanding that had been signed by the Minister with the Chinese side in June 2007 occurred in the first few characters of the bilateral agreement reached in Beijing with Chinese companies that have reduced the creditor to which these companies accounted for 80% of its debt to Iraq totaling $ 472, U.S. $ 8 billion and will be His Excellency the Minister Baqir al-Zubaidi signing officially "with the Chinese in Beijing attended by the Minister of Finance and a number of ministers in the Chinese and the beginning of December in 2009 and the transfer of d. Jaafar Aziz invited the Minister of Finance to Chinese companies that have high knowledge and practical experience in the field of infrastructure projects and basic services (electricity, water, sewage) In the area of roads, bridges and construction of residential complexes and other projects to come to Iraq to rapidly contribute to the implementation of projects funded by federal and state budget direct investment in the investment opportunities that bench the national investment of $ 500 investment opportunities in the whole of Iraq that this agreement has been successful in "success" in the largest settlement of a debt of Iraq by the creditor countries outside the Paris Club did not remain only a very small number "of these States to the Ministry of Finance consistently followed with serious debt and the rest of the settlement of debts of our brothers in Saudi Arabia and Kuwait and we hope that our brothers in these countries to follow the example of the fraternal Arab Emirates announced that President Sheikh Khalifa bin Zayed Al Nahyan, extinguishing the debt the United Arab Emirates to Iraq by 100% and that these steps will help Iraq use its resources to complete the rehabilitation of infrastructure and provision of services to the Iraqi people will also contribute to the achievement of security and economic stability and speed integration into the international community

2 Re: Agreement to reduce debt to China on Mon Nov 09, 2009 12:26 pm

windreader1


Iraqi delegation was sent to the state of China initialed a bilateral agreement reached in Beijing


Finance Minister Baqir al-Zubaidi said in a statement issued by his office that the Iraqi delegation was sent to the state of China initialed a bilateral agreement reached in Beijing with Chinese companies that have reduced the creditor to which these companies accounted for eighty percent of the debts on Iraq, totaling eight billion, four hundred and seventy-two million U.S. dollars.

The ministry of Finance said that al-Zubaidi will formally sign the agreement with the Chinese side in Beijing early next month of December

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