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

NNP Family Poster Posts: 3674 Joined: 2008-07-08

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

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.

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

http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2011927&Language=en

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Johann Wolfgang Von Goethe - “A man sees in the world what he carries in his heart"

NNP Family Poster Posts: 3674 Joined: 2008-07-08

Continued

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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Johann Wolfgang Von Goethe - “A man sees in the world what he carries in his heart"

Big Poster Posts: 107 Age: 45 Joined: 2008-08-30

theres ol james bond again,lol,thanks dry

NNP Family Poster Posts: 3674 Joined: 2008-07-08

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
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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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Johann Wolfgang Von Goethe - “A man sees in the world what he carries in his heart"

Thanks dry!!! Come on Iraq we need some progress!!!

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Blaise Pascal:
We know the truth, not only by the reason, but by the heart.
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