Iraqi Delegation to Meet With International Banks in Turkey

The Iraqi Finance Ministry has announced about the meeting of the Iraqi Government and its delegation in the Turkish city Istambul regarding finalizing the process of issuance of dominant government bonds in the financial market worldwide. A press statement issued by the Iraqi Finance Ministry, it is said that some key persons included in this delegation are Finance Minister Hoshyar Zebari, Planning Minister Salman Jumaili, Governor of the Iraqi Central Bank and Iraqi Oil Minister Adel Abdul Mahdi. The Economic Affairs Adviser to the Iraqi Prime Minister Muhammad Saleh and some senior advisers and ministries experts are also included in this delegation.

This press statement further added that the delegation will start meeting with the representatives of Citibank, JP Morgan Bank, Deutsche Bank and other International banks for reassessment the Iraqi financial and economic, Political and security situation in Iraq and with the office of international law of Iraq. The statement further added that all meeting schedule have been finalized and delegation members will start meeting according to their meeting plans. These meetings would improve the trust of foreign investors, because foreign investment is necessary to empower the development process. It would enable Iraq to move in the international capital market. The budget law 2015, passed by the House of Representatives would authorize the Iraqi government for issuing the dominant government bonds and its worth is estimated at seven trillion Iraqi dinars to cover the budget deficit.

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