IMF and World Bank Pull Staff Out of Iraq, U.S. Official Says

[Judi Lynn]

IMF and World Bank Pull Staff Out of Iraq, U.S. Official Says
By Edith M. Lederer Associated Press Writer
Published: Aug 20, 2003




UNITED NATIONS (AP) - The World Bank and the International Monetary Fund pulled their staff out of Iraq on Wednesday after the bombing of the U.N. headquarters in Baghdad, a U.S. official said.
The IMF and World Bank are key players in efforts by the U.S.-led coalition to rebuild the Iraq's devastated economy. The official, speaking on condition of anonymity, said the institutions informed the U.S. Treasury of their decision.

The two are expected to provide billions of dollars in loans to help restart the country's economy and banking system. Both had sent assessment teams to Iraq to start the process.

The bomb killed top U.N. envoy Sergio Vieira de Mello and at least 19 others, and wounded at least 100 people. Ahmad Chalabi, a member of the U.S.-picked interim Iraqi government, said the death toll was expected to rise because people are still trapped in the rubble. (snip/...)

http://ap.tbo.com/ap/breaking/MGA0504OLJD.html

[bpilgrim]

1. somebody better get word out to the chimp on hole 9 his buddies are

PULLING OUT... allready :wow:

poor thing might have to cut his vaykay short, eh.

peace

[arcane1]

2. good riddance to them!

they can take their money too, bastards.

The people of Iraq are only just beginning to learn what oppression really means :mad:

[QuietStorm]

4. Hmmm that reminds me of a quote from the paper today!

Front page story in the times: "Explosion Kills 20 at U.N. Complex"

Someone who survived the bombing was quoted in the article, "We didn't care for Saddam, but at least it was secure then"

[femmecahors]

3. Maybe Iraq really has a chance at prosperity now! n/t

.,..

[The Blue Flower]

5. And this is a bad thing?

With any luck for the Iraqi people, they'll stay out.

[Khephra]

6. True, but look at it from the Republican perspective

WIth the IMF/WB teams leaving right after the bombing it further highlights the unstability of the region, thus showing Iraq to be even less of a money-maker than they thought.

This is a vote of "no confidence" for Shrub's Iraq re-building plan from those who have the mega-bucks.