VOL. XXXII

NO. 7

21-NOVEMBER-1988

Financial and Banking News

LOANS AND ISSUES

Iraq Increases Access to Foreign Credits

Having reached agreement with Japan to release unused trade credits (MEES, 5September), Iraq has recently widened its access to other foreign credits tofinance its import requirements, although in most cases this has also involvedthe rescheduling of substantial volumes of outstanding foreign debt.

The most recent agreement signed was with the UK, representing the fourthtrade...