VOL. XLVI

No 30

28-July-2003

IRAQ

IRAQ RECONSTRUCTION

CPA Sets Up Trade Bank Of Iraq To Revive Ailing Economy

The Coalition Provisional Authority (CPA) announced on 22 July that it had established a new bank Trade Bank of Iraq to help revive the countrys ailing economy and had approached international banks to submit proposals to assist in its creation. The bank is being set up to allow Iraqi ministries and oil firms to begin making large purchases abroad, according to a report in the Wall Street...