Excerpt From: Port City Daily. Written By: Benjamin Schachtman.
Iraq’s $1 billion bond has sparked the outrage of Congressman Walter B. Jones, who said through a press release, “the insanity is astonishing.”
The five-year bond, issued by the Republic of Iraq, is backed by the United States Agency for International Development (USAID) and is guaranteed by the U.S. Government. On Wednesday, Jan. 18, Iraq’s Office of the Prime Minister released a statement which read, in part: “This guaranteed bond is a demonstration of the international community’s ongoing assistance to Iraq, and will strengthen the process of implementing meaningful reforms and our efforts to combat corruption and build a more secure, democratic, and financially viable and prosperous Iraq.”
Congressman Jones, who represents North Carolina’s 3rd District (which includes part of New Hanover and Pender counties), spoke about the bond, his frustrations with the current legislature and his hopes for President Trump’s term.