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