Financial and Banking News
Loans & Issues
Iraq To Get UK and Italian Export Credits
Iraq and the United Kingdom have reached an agreement which reduces thevolume of British export credits from 340mn in 1989 to 250mn in 1990. TheBritish credits are backed by the Export Credits Guarantee Department (ECGD),which has total exposure to Iraq of 750mn. During the course of this year the ECGD has periodically suspended medium-term cover for Iraq as a result of debt...