Iraq's Central Bank Chief: Govt Bond Sale To Fund Budget
Iraq's Central Bank Chief: Govt Bond Sale To Fund Budget
MAY 16, 2010, 9:09 A.M. ET
MANAMA (Zawya Dow Jones)--Iraq's central bank is pushing the government to sell bonds to fund a budget deficit and help wean the fragile country off of external support as it rebuilds its infrastructure and economy, its governor said Sunday.
"The government has planned this [a bond sale] as part of the financing of the budget," Sinan Al Shabibi said in an interview in Bahrain.
"We are pushing for both [bonds and T-bills] to deepen the market. Any kind of financing is welcome," Al Shabibi said, adding that plans for a bond sale "aren't progressing yet" but that he expected them to do so "quite soon."
-By Nour Malas, Dow Jones Newswires, +97150 2890223; nour.malas@dowjones.com
http://online.wsj.com/article/BT-CO-...atestheadlines
Iraq's Central Bank Chief: Govt Bond Sale To Fund Budget
MAY 16, 2010, 9:09 A.M. ET
MANAMA (Zawya Dow Jones)--Iraq's central bank is pushing the government to sell bonds to fund a budget deficit and help wean the fragile country off of external support as it rebuilds its infrastructure and economy, its governor said Sunday.
"The government has planned this [a bond sale] as part of the financing of the budget," Sinan Al Shabibi said in an interview in Bahrain.
"We are pushing for both [bonds and T-bills] to deepen the market. Any kind of financing is welcome," Al Shabibi said, adding that plans for a bond sale "aren't progressing yet" but that he expected them to do so "quite soon."
-By Nour Malas, Dow Jones Newswires, +97150 2890223; nour.malas@dowjones.com
http://online.wsj.com/article/BT-CO-...atestheadlines