ordinaryseawoman
08-17-2006, 02:42 AM
Legal (http://www.portaliraq.com/news.php?catid=22) : Iraqi authorities continue in efforts to resolve remaining arrears to private creditors
Wednesday, August 16th 2006
Iraq's authorities are making an effort to resolve the remaining arrears to private creditors.
By May 2006, Iraq had resolved almost $18 billion of claims submitted by private creditors through debt and cash exchanges, and submitted almost $1 billion of claims arbitration.
According to an International Monetary Fund (IMF) August 2006 report, in June 2006, the authorities reported the conclusion of the arbitration process of unreconciled claims of large creditors, resulting in an issuance of additional dollar-denominated bonds and multi-currency loans of $143 million. The arbitration process of small creditors' unreconciled claims is ongoing.
read the rest here
http://www.portaliraq.com/news/Iraqi+authorities+continue+in+efforts+to+resolve+r emaining+arrears+to+private+creditors__1112204.htm l
Wednesday, August 16th 2006
Iraq's authorities are making an effort to resolve the remaining arrears to private creditors.
By May 2006, Iraq had resolved almost $18 billion of claims submitted by private creditors through debt and cash exchanges, and submitted almost $1 billion of claims arbitration.
According to an International Monetary Fund (IMF) August 2006 report, in June 2006, the authorities reported the conclusion of the arbitration process of unreconciled claims of large creditors, resulting in an issuance of additional dollar-denominated bonds and multi-currency loans of $143 million. The arbitration process of small creditors' unreconciled claims is ongoing.
read the rest here
http://www.portaliraq.com/news/Iraqi+authorities+continue+in+efforts+to+resolve+r emaining+arrears+to+private+creditors__1112204.htm l