Identifier
Created
Classification
Origin
09STATE31398
2009-04-01 15:34:00
UNCLASSIFIED
Secretary of State
Cable title:
WORLD BANK'S MIGA PLANS IRAQ TRIP AND ENGAGEMENT
how-toINFO LOG-00 EEB-00 AGRE-00 AID-00 A-00 CA-00 CEA-01 CIAE-00 COME-00 INL-00 DINT-00 DODE-00 DS-00 EUR-00 E-00 FBIE-00 UTED-00 VCI-00 FOE-00 OBO-00 TEDE-00 INR-00 IO-00 L-00 MOFM-00 MOF-00 M-00 VCIE-00 NSAE-00 NSCE-00 OES-00 OIG-00 OMB-00 NIMA-00 EPAU-00 PA-00 PER-00 PM-00 P-00 SCT-00 D-00 SP-00 IRM-00 SSO-00 SS-00 TRSE-00 NCTC-00 FMP-00 R-00 EPAE-00 PMB-00 DSCC-00 PRM-00 DRL-00 G-00 SCA-00 SAS-00 FA-00 SWCI-00 /001R R 011534Z APR 09 FM SECSTATE WASHDC TO IRAQ COLLECTIVE
UNCLAS STATE 031398
E.O. 12958: N/A
TAGS: AORC BEXP BTIO EFIN EINV OTRA IZ
SUBJECT: WORLD BANK'S MIGA PLANS IRAQ TRIP AND ENGAGEMENT
UNCLAS STATE 031398
E.O. 12958: N/A
TAGS: AORC BEXP BTIO EFIN EINV OTRA IZ
SUBJECT: WORLD BANK'S MIGA PLANS IRAQ TRIP AND ENGAGEMENT
1. (SBU) Representatives of the Departments of Treasury,
Commerce, and State met with the head of the World Bank
Group's Multilateral Investment Guarantee Agency (MIGA),
Executive Vice-President Izumi Kobayashi, and Chief Operating
Officer James Bond, to discuss MIGA's incipient efforts at
supporting foreign direct investment in Iraq. With Iraq
having completed all ratification and membership requirements
in October 2008, MIGA is now able to consider applications
for political risk insurance for investments into Iraq and
for foreign investments by Iraqis.
2. (SBU) Departing from Washington on April 4, a MIGA/World
Bank delegation will travel to Iraq, including Bond; World
Bank Executive Director (ED) representing Iraq, Merza Hasan;
Senior Advisor to the ED Tariq Alhaimus; World Bank Iraq
Country Director Hedi Larbi; and well as International
Finance Corporation executive Michael Essex. The delegation
intends to call on Embassy Baghdad.
3. (SBU) MIGA sought input from the USG on sectors in which
it might fruitfully focus. MIGA traditionally does the
largest fraction of its work (by value) in the financial
services sector. One challenge is that investors are unaware
these services are now available for Iraq. We suggested MIGA
could publicize its new role at the upcoming Iraq investment
conference hosted by the UK,s Department for International
Development (DFID) April 30th in London. World Bank will
also be carrying out an Investment Climate Assessment to help
chart investment opportunities and needed reforms.
CLINTON
E.O. 12958: N/A
TAGS: AORC BEXP BTIO EFIN EINV OTRA IZ
SUBJECT: WORLD BANK'S MIGA PLANS IRAQ TRIP AND ENGAGEMENT
1. (SBU) Representatives of the Departments of Treasury,
Commerce, and State met with the head of the World Bank
Group's Multilateral Investment Guarantee Agency (MIGA),
Executive Vice-President Izumi Kobayashi, and Chief Operating
Officer James Bond, to discuss MIGA's incipient efforts at
supporting foreign direct investment in Iraq. With Iraq
having completed all ratification and membership requirements
in October 2008, MIGA is now able to consider applications
for political risk insurance for investments into Iraq and
for foreign investments by Iraqis.
2. (SBU) Departing from Washington on April 4, a MIGA/World
Bank delegation will travel to Iraq, including Bond; World
Bank Executive Director (ED) representing Iraq, Merza Hasan;
Senior Advisor to the ED Tariq Alhaimus; World Bank Iraq
Country Director Hedi Larbi; and well as International
Finance Corporation executive Michael Essex. The delegation
intends to call on Embassy Baghdad.
3. (SBU) MIGA sought input from the USG on sectors in which
it might fruitfully focus. MIGA traditionally does the
largest fraction of its work (by value) in the financial
services sector. One challenge is that investors are unaware
these services are now available for Iraq. We suggested MIGA
could publicize its new role at the upcoming Iraq investment
conference hosted by the UK,s Department for International
Development (DFID) April 30th in London. World Bank will
also be carrying out an Investment Climate Assessment to help
chart investment opportunities and needed reforms.
CLINTON