Obama commits US to backing $1 billion Iraqi bond

WaEx: With only two days left on the clock, the Obama administration committed the United States to completely guaranteeing the Iraqi government’s $1 billion bond offering.

“This loan guarantee underscores the strong and enduring commitment of the United States to support the government of Iraq in this critical moment in the fight against” the self-proclaimed Islamic State, the State Department said in a statement announcing the financial aid.

“As part of a comprehensive international assistance package—anchored by an International Monetary Fund-supported reform program—this guarantee provides Iraq access to low-cost financing essential to delivering critical services to all the people of Iraq, while laying the foundation for long-term stability and growth through economic and institutional reforms.”

The Iraqi government offered $1 billion worth of five-year bonds on international markets Wednesday.  more here

8 Comments on Obama commits US to backing $1 billion Iraqi bond

  1. Your everlasting summer
    You can see it fading fast
    So you grab a piece of something
    That you think is gonna last
    But your pen and phone have failed you
    And your deeds will be undone
    So you give away our money
    Since you couldn’t take our guns

  2. Let me see…..Was this done through “pen and phone”? Or through State Department bureaucratic “let’s make a new rule”? Thought so.
    Or was it legislation passed through Kongress and signed by O’Bozo into law? Didn’t think so.
    Trump can overturn this ruling in a heartbeat.

    If Iraq wants us to buy their “bonds”, it’s got to be backed by oil…..at $30 per barrel.

  3. You just know that Old ‘Bay at the Moon’ Barkie is expecting to get back some of that Iran bling back to put into his back pocket!

  4. What the Hell… It’s not his money so who cares? In the immortal words of Senator Everett Dirksen: “a billion here, a billion there. Pretty soon you’re talking about real money.”

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