Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (8554)	7/1/2004 2:10:42 PM
From: mishedlo	Read Replies (1) of 116555

Look at this stupidity A good deal if you are Iraq. IMF says could provide aid to Iraq if it pays back debt first Thursday, July 1, 2004 5:58:36 PM WASHINGTON (AFX) - The International Monetary Fund said it has a number of means at its disposal to support Iraq now that power has been transferred to an interim government, to be granted under the condition that the country pays its arrears Spokesman Thomas Dawson said that following the IMF's official recognition of the Iraqi government "which should be imminent, the fund could appoint a financial aide attached to the assistance committee it sends to countries that are emerging from a conflict", but Iraq will have to settle its IMF debt first The country owes the IMF some 80 mln usd, Dawson said, adding that the assistance funds for Iraq could amount to 850 mln usd ========================================================== Hmmm Let's see the IMF will loan Iraq 850 million if it first pays back 80 million. Why don't they just loan Iraq 770 million and call it a day? Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next