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Leading by example in Iraq
15 March 2005
Progressing trade deals with Iraq was never going to be easy, and the continuing insurgency activity makes this much more difficult still. Nevertheless, trade needs to go on and the financing of essential equipment – in this case insect abatement machines to the Iraqi ministry of health – is of paramount importance.
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Leading by example in Iraq
Deals of the year
Tifa – LC financing
MLA: JPMorgan Chase
Financial advisers: JPMorgan; Trade Bank of Iraq; US Ex-Im Bank
Borrower: State Company for Marketing Drugs and Medical
Appliances, Iraq Ministry of Health
Amount: $14.95 million letter of credit
Tenor: Sight LC
ECA: US Ex-Im Bank
Progressing trade deals with Iraq was never going to be easy, and the continuing insurgency activity makes this much more difficult still. Nevertheless, trade needs to go on and the financing of essential equipment – in this case insect abatement machines to the Iraqi ministry...
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