Wednesday, February 16, 2011

2-16-11 Deputy U.S. Treasury Secretary: We are working on the development of economic sectors in Iraq

Highlights/Thoughts
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1. US Treasury Secretary Wolin said the economic relations between the US and Iraq is moving forward confidently towards building economic partnership in the coming months
2. He said that the US committed to the terms of the SFA (strategic framework agreement) through the provision of technical support to develop and update the sectors of the Iraqi economy among other things
3. He said the energy, private, commercial, construction, and financial sectors are the most important sectors now. She also mentioned monetary policy
4. He said today, there are US companies that are motionless who can assist in all these sectors and that they could achieve great prosperity for the Iraqi economy
5. The Secretary said they are working at the level of energy to develop and increase the capacity of Iraq's oil and gas, while there is an increase in the terms of trade between the two parties
6. There are also expanded dialogues in the construction and infrastructure sector
7. He noted they have come a long way in the talks aimed at attracting US banks to operate in Iraq and support the pace of development and financing of the private sector projects
8. He said expressed optimism regarding Iraq's development of the monetary policy and said the CBI is making confident steps towards playing a major role
9. He said she hoped the CBI would move Iraq toward a stabilization phase
10. He said that Iraq today is an active member of the IMF

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