Search

 

Cablegate: Bahrain: Iraq Reconstruction Through Export Credit

This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS MANAMA 001676

SIPDIS

E.O. 12958: N/A
TAGS: ECON EFIN PGOV IZ BA
SUBJECT: BAHRAIN: IRAQ RECONSTRUCTION THROUGH EXPORT CREDIT
AGREEMENTS

REF: STATE 228304

1. (U) EconOff delivered reftel talking points to Dr. Khalid
Abdulla Ateeq, Executive Director of Banking Supervision at
the Bahrain Monetary Agency (BMA). Bahrain does not have an
Export Credit Authority, and therefore could not enter into a
framework agreement with the Trade Bank of Iraq. However,
Dr. Ateeq did note that private banks in Bahrain are free to
(and he believes have already) provide financing for firms
doing business in Iraq. He also pointed to ongoing efforts
by the GOB, particularly the BMA, to support Iraqi
reconstruction through training programs in banking and
capital market supervision and promoting the efforts of
several private banks in Bahrain to open branches in Iraq.
MONROE

© Scoop Media

 
 
 
World Headlines

 

Syria: Economic Decline, Rising Hunger And Surging Humanitarian Needs

Syria’s fragile economy has “suffered multiple shocks” over the past 18 months, with its currency plummeting and joblessness swelling as people struggle to cover their basic needs, the UN Emergency Relief Coordinator told the Security Council ... More>>

OECD: Final Quarter Of 2020 Shows Continued Recovery In G20 International Merchandise Trade

G20 international merchandise trade continued to rebound in the fourth quarter of 2020 ( exports up 7.2% and imports up 6.8%), following the sharp falls seen in the first half of 2020, as lockdown measures affected trade globally. Although growth ... More>>

UN Report: Civilian Casualties Surged After Peace Talks Began In Afghanistan

Monitoring by the UN Assistance Mission in Afghanistan, UNAMA, and the UN Human Rights Office has revealed that despite a drop in civilians killed and injured overall in 2020 there was a rise in civilian casualties following the start of peace negotiations ... More>>

Focus On: UN SDGs


2021: Critical Year To ‘reset Our Relationship With Nature’ – UN Chief

During this time of “crisis and fragility”, the UN chief told the United Nations Environment Assembly on Monday that human well-being and prosperity can be vastly improved by prioritizing nature-based solutions. Painting a picture of the turmoil ... More>>


Paris Agreement: UN Secretary-General António Guterres To Mark U.S. Reentry With Envoy For Climate John Kerry

Watch live at webtv.un.org UN Secretary-General António Guterres will join U.S. Special Presidential Envoy for Climate John F. Kerry at an event marking the United States’ reentry into the Paris Agreement this Friday. The discussion with the Secretary-General ... More>>

WeBeliev: Scoop In Conversation With Abhishek Sinha, Founder Of WeBeliev, An NZ Crowdfunding Platform

WeBeliev supports 17 SDGs, launching sector specific campaigns every month Q. What is WeBeliev and why did you start it? A. WeBeliev is a Singapore-registered crowdfunding platform aimed at fundraising for all the 17 Sustainable Development Goals (SDGs) ... More>>