Tuesday, February 1, 2011

2-1-11 Stated That Iraq's Funds Will Not Be Affected By the Decision of the Federal Court

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. An economic advisor to Maliki denied that the CBI's assets are vulnerable if the CBI reports to Maliki instead of the Parliament.
2. He noted that other countries have the CBI reporting to the government, but the CBI is still considered independent
3. He said the funds under the CBI have a special status regardless of where the CBI is supervised
4. He said that most of the funds available in the CBI are protected reserves
5. Other portions of the fund are open for business, contractors, and others, which exposed these funds to creditors whether the CBI is supervised by the government or Parliament

No comments:

Post a Comment