Identifier
Created
Classification
Origin
07ABUDHABI90
2007-01-24 09:12:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:
UAE MINSTATE FINANCE AND AMF HEAD ON LEBANON
how-toVZCZCXRO6557 RR RUEHDE DE RUEHAD #0090 0240912 ZNR UUUUU ZZH R 240912Z JAN 07 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC 8079 INFO RUEHDE/AMCONSUL DUBAI 6777 RUEHLB/AMEMBASSY BEIRUT 0556 RUEHDO/AMEMBASSY DOHA 1348 RUEHKU/AMEMBASSY KUWAIT 1190 RUEHMK/AMEMBASSY MANAMA 1281 RUEHMS/AMEMBASSY MUSCAT 0594 RUEHFR/AMEMBASSY PARIS 0996 RUEHRH/AMEMBASSY RIYADH 1627 RUEATRS/DEPT OF TREASURY WASHINGTON DC
UNCLAS ABU DHABI 000090
SIPDIS
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, NEA/ELA, EB/IFD/ODF
E.O. 12958: N/A
TAGS: ECON EAID PREL LE AE
SUBJECT: UAE MINSTATE FINANCE AND AMF HEAD ON LEBANON
REF: A) Abu Dhabi 63
B) Abu Dhabi 53
UNCLAS ABU DHABI 000090
SIPDIS
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, NEA/ELA, EB/IFD/ODF
E.O. 12958: N/A
TAGS: ECON EAID PREL LE AE
SUBJECT: UAE MINSTATE FINANCE AND AMF HEAD ON LEBANON
REF: A) Abu Dhabi 63
B) Abu Dhabi 53
1. (SBU) On January 22, Treasury Under Secretary for International
Affairs Timothy Adams, Federal Reserve Governor Randall Kroszner,
Treasury DAS Ahmed Saeed, and Econchief met with UAE Minstate
Finance Dr. Mohammed Khalfan bin Kharbash. Adams told Dr. Kharbash
that the U.S. planned to come to the Paris Donors' Conference for
Lebanon with a generous package and encouraged the UAE to make a
generous pledge as well. He also explained that the International
Monetary Fund would likely play a role in Lebanon's economic and
financial stabilization. Dr. Kharbash explained that he would
attend the donors' conference and that the UAE delegation would be
headed by UAE Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan
(AbZ). He committed to passing our concerns to AbZ. Dr. Kharbash
also said that he thought Lebanese agreement on an IMF funded
program would be key to obtaining private sector buy-in.
2. (SBU) On January 23, Adams discussed the Paris Donors' Conference
with Arab Monetary Fund Director General Dr Jassim Al-Mannai (who
will also attend the conference). Al-Mannai said that he thought
that conference would be crucial to Lebanon. He said that he was
optimistic that Arab Gulf states would be generous. He was more
concerned about Lebanon's ability to implement needed economic
reforms, noting that donors would likely attach reform conditions to
releasing the money. Al-Mannai said that he thought Lebanese
internal politics made it difficult for the Lebanese to capitalize
on the conference. The government managed to agree on the
conference, but agreeing on reform commitments, was something
different.
3. (SBU) For its part, the AMF was providing Lebanon with both
financial and technical assistance and had already provided $ 1
billion in assistance linked to reform. The AMF was willing to
consider further assistance, but only if the Lebanese seriously
committed to economic reforms.
4. (U) This message has been cleared by U/S Adams.
Sison
SIPDIS
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, NEA/ELA, EB/IFD/ODF
E.O. 12958: N/A
TAGS: ECON EAID PREL LE AE
SUBJECT: UAE MINSTATE FINANCE AND AMF HEAD ON LEBANON
REF: A) Abu Dhabi 63
B) Abu Dhabi 53
1. (SBU) On January 22, Treasury Under Secretary for International
Affairs Timothy Adams, Federal Reserve Governor Randall Kroszner,
Treasury DAS Ahmed Saeed, and Econchief met with UAE Minstate
Finance Dr. Mohammed Khalfan bin Kharbash. Adams told Dr. Kharbash
that the U.S. planned to come to the Paris Donors' Conference for
Lebanon with a generous package and encouraged the UAE to make a
generous pledge as well. He also explained that the International
Monetary Fund would likely play a role in Lebanon's economic and
financial stabilization. Dr. Kharbash explained that he would
attend the donors' conference and that the UAE delegation would be
headed by UAE Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan
(AbZ). He committed to passing our concerns to AbZ. Dr. Kharbash
also said that he thought Lebanese agreement on an IMF funded
program would be key to obtaining private sector buy-in.
2. (SBU) On January 23, Adams discussed the Paris Donors' Conference
with Arab Monetary Fund Director General Dr Jassim Al-Mannai (who
will also attend the conference). Al-Mannai said that he thought
that conference would be crucial to Lebanon. He said that he was
optimistic that Arab Gulf states would be generous. He was more
concerned about Lebanon's ability to implement needed economic
reforms, noting that donors would likely attach reform conditions to
releasing the money. Al-Mannai said that he thought Lebanese
internal politics made it difficult for the Lebanese to capitalize
on the conference. The government managed to agree on the
conference, but agreeing on reform commitments, was something
different.
3. (SBU) For its part, the AMF was providing Lebanon with both
financial and technical assistance and had already provided $ 1
billion in assistance linked to reform. The AMF was willing to
consider further assistance, but only if the Lebanese seriously
committed to economic reforms.
4. (U) This message has been cleared by U/S Adams.
Sison