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Investment Guarantee Agency and the private sector of the World Bank to visit Baghdad Today at 6:05

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Subject: Investment Guarantee Agency and the private sector of the World Bank to visit Baghdad Today at 6:05
http://translate.google.com/translate?hl=en&u=http://www.biladnews.net/index.php%3Fact%3Dartc%26id%3D158

WASHINGTON - The country's newspaper:

زارت الوكالة المسؤولة بالبنك الدولي عن ضمان استثمارات القطاع الخاص العراق في اشارة للحكومة العراقية تعبر عن اهتمام الشركات الدولية والحاجة الى التحرك سريعا لوضع الاساس لدخول المستثمرين. Visited the agency responsible for ensuring that the World Bank's private sector investment in Iraq, referring to the Iraqi government, reflecting the interest of international companies and the need to move quickly to lay the foundation for the entry of investors.

واثناء ست سنوات من الحرب في العراق انتظر المستثمرون بصبر لاشارات على ان البلاد مستعدة لقبول المزيد من الاستثمار الاجنبي. During the six years of war in Iraq, investors are waiting patiently for signs that the country is ready to accept more foreign investment.

وقال جيمس بوند مدير التشغيل في وكالة ضمان الاستثمار متعدد الاطراف (ميجا) الذي كان جزءا من وفد سافر الى بغداد الشهر الماضي "لدينا تعبير حقيقي عن الاهتمام من كثيرين بالعراق." "James Bond, chief operating officer of the Agency Multilateral Investment Guarantee (MB), which was part of the delegation traveled to Baghdad last month," We have a genuine expression of interest from many people in Iraq. "

واضاف بوند "لدينا العديد من الشركات تتحدث معنا عن كثب بشأن العراق." Bond said: "We have several companies talking with us closely on Iraq."

وتابع "يوجد اهتمام قوي بمجالات ليست بالغة الاهمية.. واهتمام كبير بما يعتبره الجميع.. الحكومة والمستثمرون على السواء.. كمجالات بها فرص هائلة وهي النفط والغاز وقطاع الطاقة الكهربية." He continued "There is strong interest in areas not very important .. and the great interest of all .. what the government and investors on both areas .. the tremendous opportunities which the oil and gas and electric power sector."

لكنه قال ان الحماس يخف بسبب بواعث قلق المستثمرين بشأن مدى امان استثماراتهم في بلد ما تزال البيئة السياسية والامنية به هشة. But he said the secret of the enthusiasm of investors because of concerns about the safety of their investments in the country is still political and security environment of the fragile.

وعلاوة على ذلك توجد درجة من توتر الاعصاب بشأن نتيجة الانتخابات العراقية في ديسمبر كانون الاول والانسحاب المقرر لما بين 92 الفا و107 الاف جندي من القوات الامريكية على مدى الشهور الثماني عشر القادمة. In addition, there is a degree of nervous about the outcome of Iraqi elections in December and the scheduled withdrawal of 92 thousand and 107 thousand U.S. troops over the next ten months, eight.

واسست وكالة (ميجا) عام 1988 لتشجيع الاستثمار الاجنبي المباشر في الدول النامية بضمان سلامة المشروعات من خلال تأمين المخاطر السياسية. The agency was established (MB) in 1988 to encourage foreign direct investment in developing countries to ensure the safety of projects through political risk insurance.

وقال بوند ان وفد البنك الدولي ضغط على الحكومة العراقية لانهاء الجمود بشان قانون النفط الذي يلزم اصداره للسماح بالاستغلال الكامل لاحتياطيات النفط العراقية الهائلة واعادة البناء بعد سنوات من الحرب. Bond said the World Bank delegation to pressure the Iraqi government to end the deadlock on the oil law, which need to be issued to allow the full exploitation of Iraq's vast oil reserves and reconstruction after years of war.

وتأمل شركات النفط ان يحدد القانون كيفية توزيع عائدات النفط بين المحافظات والحكومة المركزية وايضا السماح باتفاقات تقاسم الانتاج. And hopes that the oil companies, how the law defines the distribution of oil revenues between the provincial and central government and also allow production-sharing agreements.

وهناك حساسية خاصة ازاء مسعى الاكراد للسيطرة على مناطق متنازع عليها مثل مدينة كركوك النفطية الاستراتيجية التي يعتبرونها موطن اجدادهم ويريدون ضمها لمنطقة كردستان المتمتعة بحكم شبه ذاتي. There are particularly sensitive about the Kurdish bid for control of the disputed areas, such as the strategic oil city of Kirkuk, which they consider ancestral home and want to include the Kurdish semi-autonomous.

وقد تكون التكاليف الاستثمارية المبكرة للدخول الى العراق كبيرة لكن بوند يقول ان الوصول لنقطة التعادل للاستثمارات يمكن ان يكون سريعا وعلى سبيل المثال خلال 18 شهرا. Investment costs may be early to enter Iraq, but great Bond says that the access point of the investment can be quickly and, for example, during the 18 months.

واضاف "هذه ليست مشاريعك التقليدية بنقطة تعادل خلال 15 عاما "This is not a traditional point of your projects, drawn during the 15-year-old

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Multilateral Investment Guarantee Agency (MIGA), specialized agency of the United Nations. Formed in 1988, with headquarters in Washington, D.C., it is a member of the World Bank Group (see International Bank for Reconstruction and Development International Bank for Reconstruction and Development (IBRD), specialized agency of the United Nations, with headquarters at Washington, D.C.; also called the World Bank.
..... Click the link for more information. ) and membership in the MIGA is open to all World Bank members. The agency, which has 154 member nations, encourages foreign investment in developing countries by providing political-risk insurance, protecting investors against losses resulting from such noncommercial risks as transfer restriction, expropriation, breach of contract, and war and civil disturbance. In addition, the agency provides information on investment opportunities and technical assistance to investors and member states; it also mediates investment disputes and administers claims. As of 2001, MIGA had issued more than 500 guarantees, providing more than $7.7 billion in coverage, and facilitating nearly $39 billion in investment. IBRD Overview

The International Bank for Reconstruction and Development (IBRD) lends to developing countries with relatively high per capita incomes. It is owned by more than 150 member governments. Voting power is linked to capital subscriptions, which in turn are based on each country's relative economic strength. The IBRD obtains most of its funds through the sale of AAA-rated bonds in international capital markets. The organizational structure of the IBRD reflects both function and global mission.

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Things that are covered...
THEN

FROM EARLIER IN THE COLLECTION



Iraq Signs MIGA Convention WASHINGTON, DC, October 21, 2007—Iraq became the 174th signatory country of the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group. Membership in MIGA will allow eligible foreign companies seeking to invest in Iraq to receive political risk insurance (guarantees) for eligible investments.
The signing ceremony was held on Saturday, October 20, at World Bank headquarters in Washington, DC. Representing the Republic of Iraq was Finance Minister Baker Jabor Al-Zubaidy. He was joined by MIGA Executive Vice President, Yukiko Omura, Iraq Central Bank Governor Sinan Al- Shibibi, Ambassador Sameer Al-Sumaidaee, World Bank Executive Director Merza Hussain Hasan, and Peter Cleary, Director and General Counsel, MIGA.
“We are pleased to cross this important milestone and come one step closer to achieving membership in MIGA,” said Minister Al-Zubaidy. “Iraq is seeking to establish bilateral relations and closer association with organizations such as this to put Iraq on the map and achieve progress and prosperity for our people.”
To become a full member of MIGA, Iraq must complete the ratification process and make its initial capital contribution to the agency.

MIGA’s coverage protects investments against the risks of transfer restriction, expropriation, breach of contract, and war and civil disturbance
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

The statement immediately above the Dollarsigns has slightly different wording

NOW!


FROM THE 2009 TREASURY BUDGET REQUEST

In his role as Treasury Secretary, Paulson also serves as the U.S. Governor on the Boards of the IMF, World Bank…
http://www.treas.gov/topics/international/

World Bank Group
The Multilateral Investment Guarantee Agency (MIGA) Request: $0.0
The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, was chartered in 1988 to encourage foreign direct investment by providing investment insurance (guarantees) against noncommercial risks (i.e., expropriation, transfer restrictions, currency inconvertibility, and political violence) in developing countries. OPIC has reinsured and co-insured U.S. investment projects in developing countries with MIGA
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

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thumper wrote:Subject: Investment Guarantee Agency and the private sector of the World Bank to visit Baghdad Today at 6:05
http://translate.google.com/translate?hl=en&u=http://www.biladnews.net/index.php%3Fact%3Dartc%26id%3D158

WASHINGTON - The country's newspaper:

Visited the agency responsible for ensuring that the World Bank's private sector investment in Iraq, referring to the Iraqi government, reflecting the interest of international companies and the need to move quickly to lay the foundation for the entry of investors.

During the six years of war in Iraq, investors are waiting patiently for signs that the country is ready to accept more foreign investment.

"James Bond, chief operating officer of the Agency Multilateral Investment Guarantee (MB), which was part of the delegation traveled to Baghdad last month," We have a genuine expression of interest from many people in Iraq. "

Bond said: "We have several companies talking with us closely on Iraq."

He continued "There is strong interest in areas not very important .. and the great interest of all .. what the government and investors on both areas .. the tremendous opportunities which the oil and gas and electric power sector."

But he said the secret of the enthusiasm of investors because of concerns about the safety of their investments in the country is still political and security environment of the fragile.

وعلاوة على ذلك توجد درجة من توتر الاعصاب بشأن نتيجة الانتخابات العراقية In addition, there is a degree of nervous about the outcome of Iraqi elections in December and the scheduled withdrawal of 92 thousand and 107 thousand U.S. troops over the next ten months, eight.

The agency was established (MB) in 1988 to encourage foreign direct investment in developing countries to ensure the safety of projects through political risk insurance.

Bond said the World Bank delegation to pressure the Iraqi government to end the deadlock on the oil law, which need to be issued to allow the full exploitation of Iraq's vast oil reserves and reconstruction after years of war.

And hopes that the oil companies, how the law defines the distribution of oil revenues between the provincial and central government and also allow production-sharing agreements.

There are particularly sensitive about the Kurdish bid for control of the disputed areas, such as the strategic oil city of Kirkuk, which they consider ancestral home and want to include the Kurdish semi-autonomous.

Investment costs may be early to enter Iraq, but great Bond says that the access point of the investment can be quickly and, for example, during the 18 months.

"This is not a traditional point of your projects, drawn during the 15-year-old

I highlighed what really Jumped out at me!! and the world bank coming in and putting pressure on iraq to get the HCL done is AWESOME!!!

LOVE that James Bond is over seeing this!!

OWL



Apparently someone has a sense of humor! Fred Fleegle uses the moniker "James Bond" while he is in IRaq...tooo funny! Good find Thumper.

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