The insurance will be used to support trade financing from CoBank, ACB, a
cooperative bank and part of the U."
The Board 's action was taken under Ex-Im Bank's $500 million short-term
insurance program for the Trade Bank of Iraq (TBI)."

The Government of Canada has endowed $250 million to the
Federation of Canadian Municipalities to establish and manage the
Green Municipal Funds.

contribute empirical

S.S. "This project
represents North Bay's dedication to the challenge of using renewable
energy to secure an environmentally-friendly future for its citizens. The Funds support partnerships and leveraging
of both public and private sector funding to reach higher standards of
air, water and soil quality, and climate protection.

ca

Also, please visit FCM's main website at www.

miga eradication

Information on the City of North Bay can be obtained at
www.

poverty empirical

Farm Credit System. government-funded reconstruction projects.

ca for
information on all Federation activities.

consultative poverty

$180 Million Ex-Im Bank Insurance Policy Approved for Trade Bank of Iraq Transactions

"

"The Green Municipal Funds' support for projects like this is
helping Canadian municipal governments - large and small, urban and
rural - develop greater local self-sufficiency in green energy and, in
the process, it is helping them to contribute to Canada 's commitment
to reduce greenhouse gas emissions," said MP Anthony Rota.

icsid contribute

exporters to provide the Iraqi people
with large volumes of bulk agricultural commodities and other goods and
services on a timely basis", said Chairman Philip Merrill.htm, or call
1-800-565-EXIM (3946) and press 2 for the Ex-Im Bank regional office nearest
you.ca

Information about West Wind Development, Inc .

corruption poorest

companies that they will receive payment for goods and services exported to
Iraqi buyers.north -bay.

empirical poorest

exports, primarily to
emerging markets throughout the world, by providing loan guarantees, export
credit insurance and direct loans. It is dedicated to improving the quality of life in communities
by promoting strong, effective and accountable municipal government.

conciliation corruption

For more information on Ex-Im Bank's support for
Iraqi reconstruction, visit http://www.

icsid poverty

exports to Iraq
under its loan guarantee , working capital, and credit insurance programs if
there is a creditworthy source of repayment in a third country.S.com

The World Bank Group is a consortium of five autonomous agencies which provide loans, advice, and an array of customized resources for developing countries and countries in transition.

array transparency

S. The bank has no minimum transaction size.
In fiscal year 2004, Ex-Im Bank authorized financing to support $17.gov/iraq.

For more information on the Green Municipal Funds, including
details of other approved projects and studies, visit FCM's Knowledge
Network at http://kn.

stimulates contribute

guarantees countries

S. for
the first half of the project.

governance transparency

Financing to Support U.S.S."

West Wind Development , Inc.

miga governance

"This financing will enable U.S. This program provides for
bank letter of credit insurance policies, which provide assurance to U.
Ex-Im Bank, the official export credit agency of the United States, is in
its 71st year of helping finance the sale of U.S.on.

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8 billion
of U.

News Editors

NORTH BAY, Ontario----Mayor Victor
Fedeli of the City of North Bay; Mayor Ann MacLean , President of the
Federation of Canadian Municipalities (FCM); and Anthony Rota, Member
of Parliament for Nipissing-Timiskaming, announced today a $50,000
Green Municipal Funds' grant for North Bay.

Instruments
supported by the tower will collect data on a continuous basis for a
12-month period to evaluate the local wind power potential.

empirical eradication

Agricultural Exports to Iraq

WASHINGTON, The Board of Directors of the Export-
Import Bank of the United States (Ex-Im Bank) has approved an insurance policy
for CoBank, ACB for up to $180 million in Letters of Credit to support U. "Ex-Im Bank remains
fully committed to supporting Iraq's reconstruction and is diligently working
to find new and creative financing solutions to meet Iraq's financing needs. In addition,
Ex-Im Bank will consider applications for financing of U.

"We are very pleased with this opportunity to partner with the
City of North Bay", said Mark Bell, President, West Wind Development,
Inc. In Budget 2005,
the Government of Canada committed a further $300 million to the Green
Municipal Funds.

transparency poorest

exports to Iraq. Under this policy,
Ex-Im Bank will support Letters of Credit issued by the Trade Bank of Iraq in
favor of U. exporters including Telwar International, Inc. This agreement
reflected the assumption last June of sovereignty by the Iraqi government and
enabled TBI to continue to access this $500 million facility.fcm.

guarantee bretton

On October 5, 2004, Ex-Im Bank, the Iraqi Ministry of Finance
and TBI signed an agreement that replaced a December 2003 agreement between
Ex-Im Bank, TBI and the Coalition Provisional Authority. I am confident that the company's
reputation as a responsible wind power developer can put North Bay 'on
the map' as a showcase for the sensitive and responsible development
of this great renewable energy resource.city.

poorest transition

exports to Iraq through its Working
Capital Guarantee Program under which it will consider applications to support
pre-export activities of subcontractors -- particularly small businesses --
operating under U.

The City of North Bay Receives CDN $50 000 from the Green Municipal Funds to Assess the Feasibility of Developing Canada's Largest Municipally Sponsored Wind P

The funds will help the
City develop a business case with a view to bring private investments
to the implementation of a wind farm that would transmit energy to the
municipal grid operated by City-owned North Bay Hydro.

governance transparency

S.S. exports worldwide.exim. "I am particularly pleased with
the relationship we have struck with West Wind Development, Inc.

bretton conciliation

Ex-Im Bank also can support U.

empirical consultative

recently completed the installation of
a 50 metre-high tower on City-owned property in a sector of the City
positioned to capture the 'lake effect' of Lake Nipissing.

countries empirical

of Brentwood,
Tennessee to purchase bulk agricultural commodities , including an estimated
$27 million a month in rice and wheat shipments.

"Sustainable community development requires that we meet today's
needs without compromising the ability of future generations to meet
theirs," said FCM President, Mayor Ann MacLean. "Once we have a thorough understanding of the area's wind
profile, we will move to a more detailed feasibility assessment which
will include in-depth environmental studies, preliminary engineering
and consultations with the community to determine how this wind energy
potential could be developed.

FCM has been the national voice of municipal governments since
1901. can be obtained at
http://wwdevelopment.

ifc corruption

"Taking advantage of locally available green power resources is a
good fit with the long-range development strategy we have for the
community," said Mayor Victor Fedeli.fcm.

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