Identifier
Created
Classification
Origin
08ABUDHABI758
2008-06-29 04:02:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:
AMF SIGNS IRAQ DEBT RESCHEDULING
how-toVZCZCXYZ0013 RR RUEHWEB DE RUEHAD #0758 1810402 ZNR UUUUU ZZH R 290402Z JUN 08 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC 1139 INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC
UNCLAS ABU DHABI 000758
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, NEA/I, EEB/IFD/ODF
E.O. 12958: N/A
TAGS: EFIN ECON IZ AE
SUBJECT: AMF SIGNS IRAQ DEBT RESCHEDULING
UNCLAS ABU DHABI 000758
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, NEA/I, EEB/IFD/ODF
E.O. 12958: N/A
TAGS: EFIN ECON IZ AE
SUBJECT: AMF SIGNS IRAQ DEBT RESCHEDULING
1. (SBU) On June 24, Dr. Jassim Al-Mannai, Director General and
Chairman of the Board of the Arab Monetary Fund told Econchief that
he had recently signed a debt rescheduling agreement with Iraq's
Minister of Finance in Jordan. Iraq is currently the largest debtor
to the AMF.
2. (SBU) In response to Econchief's question about whether this
would allow Iraq to once again tap AMF funds, Al-Mannai explained
that Iraq would need to demonstrate a repayment track record. By way
of illustration, he suggested that a positive one year repayment
history could be sufficient.
Quinn
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, NEA/I, EEB/IFD/ODF
E.O. 12958: N/A
TAGS: EFIN ECON IZ AE
SUBJECT: AMF SIGNS IRAQ DEBT RESCHEDULING
1. (SBU) On June 24, Dr. Jassim Al-Mannai, Director General and
Chairman of the Board of the Arab Monetary Fund told Econchief that
he had recently signed a debt rescheduling agreement with Iraq's
Minister of Finance in Jordan. Iraq is currently the largest debtor
to the AMF.
2. (SBU) In response to Econchief's question about whether this
would allow Iraq to once again tap AMF funds, Al-Mannai explained
that Iraq would need to demonstrate a repayment track record. By way
of illustration, he suggested that a positive one year repayment
history could be sufficient.
Quinn