Government delegation arrives in Turkey

Iraqi government delegation comprising a number of ministers, arrived in Turkey to negotiate with international banks to issue sovereign bonds.

A statement by the Finance Ministry, said Monday that “government ministerial delegation included Finance Minister Hoshyar Zebari, and Oil Minister Adel Abdul-Mahdi, and the Minister of Planning Salman Jumaili, as well as the Governor of the Central Bank on the Keywords, Advisor to the Prime Minister for Economic Affairs appearance of Mohammed Saleh, as well as senior adviser The experts participating ministries and the central bank, arrived yesterday evening, to the city of Istanbul to discuss the final stages in the process of sovereign government bond issuance in the global financial market. ”

“The delegation began meetings with representatives of international banks, Citibank, JP Morgan and Deutsche Bank, to review the financial and economic, political and security on the Iraq report, as well as with the international law office of Iraq.”

He explained that “the delegation is scheduled to meet also with the two International Tribunals credit rating, and Fitch Modiner in order to determine Iraq’s credit rating in the international capital market.”

The Finance Minister, Hoshyar Zebari, said in 30 of last April, said that Iraq was seeking sovereign rating and continue with the credit rating agencies, as it prepares to issue huge bonds worth five billion dollars needed to cover the financial deficit caused by low oil prices.

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