Source: reuters - 11/11/2009
Agreement on a reduction of 80 percent of Iraq's debt owed to China
Description of the Iraqi Central Bank Consultant Dr. Mohammad Saleh signed the appearance of Baghdad and Beijing, initialed the agreement to reduce Iraq's debt by 80 percent qualitative shift in the management of Iraq's debt profile and the consolidation of economic relations between the two countries.
The new call for Arab countries in Kuwait and Saudi Arabia to reduce its debt, pointing out that Iraq is a promising investment opportunity in the future.
This agreement comes under the aspiration of the Chinese companies working in the oil company "CNBC" to win the contract to develop Iraq's oil reserves, at the time confirmed by the Ministry of Finance in a statement that the agreement would be signed formally in December next year.
Agreement on a reduction of 80 percent of Iraq's debt owed to China
Description of the Iraqi Central Bank Consultant Dr. Mohammad Saleh signed the appearance of Baghdad and Beijing, initialed the agreement to reduce Iraq's debt by 80 percent qualitative shift in the management of Iraq's debt profile and the consolidation of economic relations between the two countries.
The new call for Arab countries in Kuwait and Saudi Arabia to reduce its debt, pointing out that Iraq is a promising investment opportunity in the future.
This agreement comes under the aspiration of the Chinese companies working in the oil company "CNBC" to win the contract to develop Iraq's oil reserves, at the time confirmed by the Ministry of Finance in a statement that the agreement would be signed formally in December next year.