The heads of the World Bank and the International Monetary Fund say they are ready to respond to requests for help in the rebuilding of Iraq
Published:
11 April 2003 y., Friday
World Bank President James Wolfensohn says any major commitment of funds to rebuild Iraq is contingent on the United Nations recognizing a new Iraqi government.
Horst Koehler, the head of the IMF, says the first step is to determine Iraq's financial needs. The IMF has not examined the Iraqi economy for more than 20 years. The IMF and World Bank are owned by their 184-member governments and are required to deal only with government entities.
Mr. Kohler, the German civil servant who has headed the fund for more than two years, says the winding down of the Iraq war is good news for a stumbling global economy.
"First, I think we all should be relieved that hopefully the war will end rapidly," he said. "This cloud hanging over us should fade away. Already now oil prices are below, as you may have seen, our assumption for the world economic outlook."
The IMF predicted that the oil price would average $31 a barrel this year.
Šaltinis:
VOA News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In its first meeting in 2010, the Gas Coordination Group, under the chairmanship of the Commission, has focused today on the assessment of the situation on security of gas supply in the EU-27 and countries of the Energy Community and discussed priorities for the work of the Group in 2010.
more »
Luc Van den Brande, President of the EU Committee of the Regions (CoR), has used his first meeting with the President of the European Council, Herman Van Rompuy, to underline the importance of consultation between local, regional and national authorities.
more »
Basile Nkwesi, Directeur Commercial of Multiprint, speaks for dozens of frustrated business managers in this busy enterprise center when he talks about Cameroon’s costly and unreliable electricity.
more »
During 2009, over 2400 new corporate clients, whose total number currently exceeds 16 thousand, began using Bank SNORAS services.
more »
In 2009, the European Investment Bank (EIB) provided EUR 2.5 billion in 16 credit lines for financing the investment projects of SMEs (EUR 1 955 million) and local authorities (545 million) in Spain.
more »
In 2009, the number of counterfeit euro coins removed from circulation was 172 100, down from 195 900 the year before.
more »
Haiti began participating in the International Monetary Fund’s General Data Dissemination System on December 28, 2009, marking a major step forward in the development of its statistical system.
more »
According to the data of NASDAQ OMX Vilnius Stock Exchange, the price of Bank SNORAS registered ordinary shares grew by more than 2.5 times.
more »
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Cadbury PLC of the UK by Kraft Foods Inc. of the US by way of public offer.
more »
Statistics Lithuania informs that construction input prices inNovember 2009, against October, dropped by 0.5 percent.
more »