What impact will the Iraqi elections in January have on Iraqi commercial / investment law?
On October 23-24, 2003, a donors conference of 73 countries and 20 international organizations convened in Madrid, Spain. In addition to the U.S. commitment of $18.4 billion, more than $13 billion in additional funds were pledged, including just under $5 billion from Japan, between $3 and $5 billion in loans from the World Bank, and between $2.5 and $4.25 billion in loans from the International Monetary Fund. Since October of last year there have been several meetings of the donor countries. During the October 13.-14. 2004, Tokyo Donors Conference, the IIG presented a National Development Strategy, its vision for reconstruction and economic reform. Several countries announced further plans to disburse their Madrid pledges, including $144 million in Japanese health and communications projects and $65 million in Kuwaiti health and education projects. For more detailed information, please see: http://web.worldbank.org Donors countries can choose to channel their funding through a trust fu
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