Middle East Economic Survey
VOL. LIII
No 12
22-March-2010
IRAQ
Iraq To Raise $2.1Bn Through Bonds To Fund Power Projects
Iraq will use some $2.1bn raised through local banks via a reopened one-year treasury bond to fund a number of new electricity projects, Finance Minister Bayan Baqir Jabr said on 17 March. The bond was issued last week after a first tranche issued in late 2009 raised around $3bn, he told reporters. Local banks bought the bonds using funds from their reserve requirements, lending...
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