Guru Delta is tooting the horn of how close we are

by Catfish1927 Wed Nov 05, 2014 4:41 pm

Delta the most significant element of the sale of a small bank in Iraq to a Kuwaiti bank, IMO, is that it was financed through the IFC (International Finance Corp) which is the World Bank; how can this be done unless the IQD is international? Essentially Kuwait was able to purchase the bank based on information and made a transaction that no one else could do as it’s prior to the release of the rate; this will payback Kuwait at a high rate of return when the rate goes public; this is significant information IMO, this shows us how close we are.

by **Kevind53** Wed Nov 05, 2014 7:44 pm

Very simple ....

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.

Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. Our work in more than a 100 developing countries allows companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities.

IFC’s vision is that people should have the opportunity to escape poverty and improve their lives.

A bank is a bank, the IFC is focused on jobs, tax revenues and community improvement. They don't care what currency is used, if it is international or not, in this case they are looking at developing the local financial market. Whether the IQD is international or not is meaningless.

Guru Delta is tooting the horn of how close we are

Guru Delta is tooting the horn of how close we are

Re: Guru Delta is tooting the horn of how close we are