Cablegate: Opic Finance: Iraq Middle Market Development

VZCZCXYZ0117
PP RUEHWEB

DE RUEHGB #0947 0871627
ZNR UUUUU ZZH
P 271627Z MAR 08
FM AMEMBASSY BAGHDAD
TO RUEHC/SECSTATE WASHDC PRIORITY 6509
INFO RUCNRAQ/IRAQ COLLECTIVE

UNCLAS BAGHDAD 000947

SIPDIS

SIPDIS

DEPARTMENT PLEASE PASS OPIC TRACEY WEBB

E.O. 12958: N/A
TAGS: EINV EFIN IZ
SUBJECT: OPIC FINANCE: IRAQ MIDDLE MARKET DEVELOPMENT
FOUNDATION

REF: STATE 30627

The Iraq Middle Market Development Foundation (IMMDF) is well
and favorably known to Embassy Baghdad. To answer reftel
request, we are not aware of any ties to terrorism, money
laundering, corruption or violations of the law associated
with IMMDF. In fact, we strongly support the work IMMDF does
to bring open transparent investment to Iraq at this critical
juncture in its history. We have no objection to OPIC's
proposed Direct Loan to IMMDF.
CROCKER

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