Post From KTFA By aggiedad77 » July 7th, 2015,
Tuesday News Summaries and Commentaries
Iraq looking with American negotiators development skills to join the World Trade Organization
Ministry of Trade meeting with the US Embassy Deputy Economic Counselor, seeking to enhance the chances of Iraq ascending to the WTO...
Iraq can offer some things to US companies who might participate in an upcoming Baghdad International Fair perhaps in trade for some pointers as to how to woo the WTO powers-to-be in allowing Iraq entry into the organization soon....
Iraq knows full well that such entry would be very beneficial to their economic recovery on the international level....ascension to the WTO is seen as serious business.....so it feels like some serious backscratching going on here between the two groups.
~~~
Tuesday News Summaries and Commentaries
Iraq looking with American negotiators development skills to join the World Trade Organization
Ministry of Trade meeting with the US Embassy Deputy Economic Counselor, seeking to enhance the chances of Iraq ascending to the WTO...
Iraq can offer some things to US companies who might participate in an upcoming Baghdad International Fair perhaps in trade for some pointers as to how to woo the WTO powers-to-be in allowing Iraq entry into the organization soon....
Iraq knows full well that such entry would be very beneficial to their economic recovery on the international level....ascension to the WTO is seen as serious business.....so it feels like some serious backscratching going on here between the two groups.
~~~
Deputy: differences between the federal government and the Kurdistan region disrupted the project oil and gas law
One member of the Oil and Energy Committee says that the differences between Baghdad and Erbil has been the hold up of things progressing to Parliament....really....tell us something we don't know.....at least he appears to be pointing fingers in both directions as both are guilty parties I believe.
Parliamentary Economic: $ 4 billion for the industrial and agricultural sectors in support of small and medium-sized enterprises
Revitalization of the agricultural and industrial industries may be getting underway shortly to the tune of $4 billion dollars in small to medium enterprise loans.....
this would be as a means to stimulate the economy through such financial support and also work towards rebuilding available jobs at the same time.....economic recovery signs.
Keywords: central bank independence is a prerequisite to enable it to achieve its monetary policy
Another great article that speaks to the importance of yesterday's decision by the Federal Supreme Court to overthrow the move made earlier this year by the Finance Committee when they attempted to hamstring the work of the CBI.....
there has to be a high level of independence associated with the CBI activities due to the constant state of change they must be ready to deal with each day.....there is a big big difference in fiscal policy versus monetary policy....
with fiscal policy dealing with the annual budget issues that once fixed they become fairly static and unmoving.....
the Finance Committee made an attempt to throw the CBI into this realm....and it just doesn't work....why....
because the workings of the CBI have more to deal with monetary policy for the country than just a static budget for a given year....
through the monetary policy process there are many variables at stake on a daily basis that must all be closely monitored and juggled to stay completely in tune with the best choices being made for Iraq.....
trying to push the CBI into working from a fiscal policy level greatly hinders their abilities to meet daily challenges....
they need to be turned loose and allowed to work within the confines of their own respective rules and regulations....watched by their own governing body.....
the Finance Committee is best suited to stay focused on political hodgepodge....or whatever is assigned to them as it seems questionable to me they fully understand their job at this point....no thanks to Maliki backers within the group.
Cabinet will discuss today the capital increase of the commercial bank and exchange employees' salaries before Eid
The COM meets today as normal and they will have a variety of things to discuss....two notable issues are the possibility of increasing capital of the Trade Bank of Iraq (TBI), not sure where their capital stands today....
so not sure where it would be headed....also the potential for paying employee salaries prior to Eid....interesting....I would say the second of these is maybe a little of important to many Iraqis at this point in time....
they also continue to attempt to deal with issues surrounding displaced citizens, now in the Tikrit area.....sounds like a busy half-day or so schedule...time for golf this afternoon....don't forget your sand wedges.
Rise in the dollar against the dinar in Mosul because of smuggled to the Syrian tenderness
Currency smugglers are alive and thriving in Mosul it sounds like......taking from the shop owners and transporting into Syria to trade and barter for weapons and salaries at or near their stronghold of Raqqa, Syria....
I do believe though that DAASH days are numbered in Mosul....take what you can now.
Start planning the investment budget projects for the year 2016 discussions
Budget planning time is never a welcome sight, no matter where you live or work....hated by some and avoided like the plague by others.....
sounds like the Ministry of Planning has been doing good homework with regard to putting certain mechanisms in place for other ministries and departments to build investment projects from and may include some type of device to help prioritize certain types of work...
times are still tough and will continue to require good judgment on the part of all who have authority to grant or dismiss project work.....
the activities must be based on sound judgment for there to be any expected success in the budget process.....or course, everyone's projects will be the utmost important of all in the land and be expected to be fully funded....
but level heads must prevail and make hard decisions that will focus on success for Iraq in 2016 based on very real parameters and barometers of where crucial things are expected to go for the year.
"E-government" put an end to bureaucracy and corruption, it is hindered?
Yes 20 years after the phrase might have been coined....Iraq is finally moving towards an e-government concept but can still find things to be a hinder....after all....yes employees and citizens can gain access through an electronic key to various levels of government departments and agencies.....
however when a question is posed to these organizations....if no one is quick to respond then the process can be and is liable to be just as slow as a paper trail or sitting in line in some building waiting to speak to someone about a question....the key is follow-through and must be maintained and monitored or breakdowns become rampant.
Iraq plans to issue bonds worth $ 10 billion
Something that makes me pause with regard to this article and a couple that we saw several days ago that were of a similar nature....they are interviewing a "former" CBI employee....what kind of "official" was he....head of the tellers....head of security....head of the janitorial detail.....one can only guess at this stage.....
and how long has he been gone from the CBI and what pray tell could have changed since he was last employed.....he talks of things happening in the last quarter of this year....there is some "scratch" for Z to get his beak around again......
but we've heard from CBI sources....sources that are still gainfully employed by the CBI that the domestic bonds could be released this month and the international bonds released in August.....so who is right.....
just the presence of this article doesn't make it right or so.....there is continued talk of the domestic bonds being denominated in USD but as they mature one would have the choice of taking USD or IQD but at a better than market rate....consistency there it would seem....
meanwhile the reserves at the CBI remain strong.....be cautious about the conclusions you might be enticed into here with a document like this.
Kurdistan: all disputed areas under the control of Aconite Mirka
You've heard the old adage, "Possession is 9/10's of the law".....if that is the case the Kurds have a strong case on their side for control of areas of dispute....
their Peshmerga is forcefully entrenched in those areas that had formerly been of issue between them and Baghdad, especially after the Iraqi Army turned tail and ran last year....
since then the Peshmerga have been doing a valiant job of keeping DAASH at bay and maintaining a stronghold on these key areas within their realm of things in the Kurd Region.....time will tell what plays out in this political football though I believe.
(News Today) unique to publish the terms "political agreement" and accomplished by the Government of Abadi
You can't please all the people all the time....and some of the people just walk around sullen no matter what you do or say.....
PM Abadi has his hands full in trying to convince the various political factions that he and his government have indeed accomplished far more than they are being given credit for doing.....but sometimes even the best of intentions will fall upon deaf ears or the ears of those who just choose not to listen.....
such is the case with some Sunnis and with some Kurds....they want every thing and expect perfection....but neither is capable of being delivered....."shoot low boys....they are riding shetland ponies"......
while the government is not where it wants to be, I think the government is glad it isn't where it used to be...meaning the spot where they took over the reins from Maliki and his thugs....
some in Abadi's circle wants to point the finger at Parliament for dragging their feet and yes that is an issue...
but the blame if you will is all encompassing and needs to be rightfully shared....pick the pieces and push forward, don't give up and don't look back....let tomorrow be a better day.
One member of the Oil and Energy Committee says that the differences between Baghdad and Erbil has been the hold up of things progressing to Parliament....really....tell us something we don't know.....at least he appears to be pointing fingers in both directions as both are guilty parties I believe.
Parliamentary Economic: $ 4 billion for the industrial and agricultural sectors in support of small and medium-sized enterprises
Revitalization of the agricultural and industrial industries may be getting underway shortly to the tune of $4 billion dollars in small to medium enterprise loans.....
this would be as a means to stimulate the economy through such financial support and also work towards rebuilding available jobs at the same time.....economic recovery signs.
Keywords: central bank independence is a prerequisite to enable it to achieve its monetary policy
Another great article that speaks to the importance of yesterday's decision by the Federal Supreme Court to overthrow the move made earlier this year by the Finance Committee when they attempted to hamstring the work of the CBI.....
there has to be a high level of independence associated with the CBI activities due to the constant state of change they must be ready to deal with each day.....there is a big big difference in fiscal policy versus monetary policy....
with fiscal policy dealing with the annual budget issues that once fixed they become fairly static and unmoving.....
the Finance Committee made an attempt to throw the CBI into this realm....and it just doesn't work....why....
because the workings of the CBI have more to deal with monetary policy for the country than just a static budget for a given year....
through the monetary policy process there are many variables at stake on a daily basis that must all be closely monitored and juggled to stay completely in tune with the best choices being made for Iraq.....
trying to push the CBI into working from a fiscal policy level greatly hinders their abilities to meet daily challenges....
they need to be turned loose and allowed to work within the confines of their own respective rules and regulations....watched by their own governing body.....
the Finance Committee is best suited to stay focused on political hodgepodge....or whatever is assigned to them as it seems questionable to me they fully understand their job at this point....no thanks to Maliki backers within the group.
Cabinet will discuss today the capital increase of the commercial bank and exchange employees' salaries before Eid
The COM meets today as normal and they will have a variety of things to discuss....two notable issues are the possibility of increasing capital of the Trade Bank of Iraq (TBI), not sure where their capital stands today....
so not sure where it would be headed....also the potential for paying employee salaries prior to Eid....interesting....I would say the second of these is maybe a little of important to many Iraqis at this point in time....
they also continue to attempt to deal with issues surrounding displaced citizens, now in the Tikrit area.....sounds like a busy half-day or so schedule...time for golf this afternoon....don't forget your sand wedges.
Rise in the dollar against the dinar in Mosul because of smuggled to the Syrian tenderness
Currency smugglers are alive and thriving in Mosul it sounds like......taking from the shop owners and transporting into Syria to trade and barter for weapons and salaries at or near their stronghold of Raqqa, Syria....
I do believe though that DAASH days are numbered in Mosul....take what you can now.
Start planning the investment budget projects for the year 2016 discussions
Budget planning time is never a welcome sight, no matter where you live or work....hated by some and avoided like the plague by others.....
sounds like the Ministry of Planning has been doing good homework with regard to putting certain mechanisms in place for other ministries and departments to build investment projects from and may include some type of device to help prioritize certain types of work...
times are still tough and will continue to require good judgment on the part of all who have authority to grant or dismiss project work.....
the activities must be based on sound judgment for there to be any expected success in the budget process.....or course, everyone's projects will be the utmost important of all in the land and be expected to be fully funded....
but level heads must prevail and make hard decisions that will focus on success for Iraq in 2016 based on very real parameters and barometers of where crucial things are expected to go for the year.
"E-government" put an end to bureaucracy and corruption, it is hindered?
Yes 20 years after the phrase might have been coined....Iraq is finally moving towards an e-government concept but can still find things to be a hinder....after all....yes employees and citizens can gain access through an electronic key to various levels of government departments and agencies.....
however when a question is posed to these organizations....if no one is quick to respond then the process can be and is liable to be just as slow as a paper trail or sitting in line in some building waiting to speak to someone about a question....the key is follow-through and must be maintained and monitored or breakdowns become rampant.
Iraq plans to issue bonds worth $ 10 billion
Something that makes me pause with regard to this article and a couple that we saw several days ago that were of a similar nature....they are interviewing a "former" CBI employee....what kind of "official" was he....head of the tellers....head of security....head of the janitorial detail.....one can only guess at this stage.....
and how long has he been gone from the CBI and what pray tell could have changed since he was last employed.....he talks of things happening in the last quarter of this year....there is some "scratch" for Z to get his beak around again......
but we've heard from CBI sources....sources that are still gainfully employed by the CBI that the domestic bonds could be released this month and the international bonds released in August.....so who is right.....
just the presence of this article doesn't make it right or so.....there is continued talk of the domestic bonds being denominated in USD but as they mature one would have the choice of taking USD or IQD but at a better than market rate....consistency there it would seem....
meanwhile the reserves at the CBI remain strong.....be cautious about the conclusions you might be enticed into here with a document like this.
Kurdistan: all disputed areas under the control of Aconite Mirka
You've heard the old adage, "Possession is 9/10's of the law".....if that is the case the Kurds have a strong case on their side for control of areas of dispute....
their Peshmerga is forcefully entrenched in those areas that had formerly been of issue between them and Baghdad, especially after the Iraqi Army turned tail and ran last year....
since then the Peshmerga have been doing a valiant job of keeping DAASH at bay and maintaining a stronghold on these key areas within their realm of things in the Kurd Region.....time will tell what plays out in this political football though I believe.
(News Today) unique to publish the terms "political agreement" and accomplished by the Government of Abadi
You can't please all the people all the time....and some of the people just walk around sullen no matter what you do or say.....
PM Abadi has his hands full in trying to convince the various political factions that he and his government have indeed accomplished far more than they are being given credit for doing.....but sometimes even the best of intentions will fall upon deaf ears or the ears of those who just choose not to listen.....
such is the case with some Sunnis and with some Kurds....they want every thing and expect perfection....but neither is capable of being delivered....."shoot low boys....they are riding shetland ponies"......
while the government is not where it wants to be, I think the government is glad it isn't where it used to be...meaning the spot where they took over the reins from Maliki and his thugs....
some in Abadi's circle wants to point the finger at Parliament for dragging their feet and yes that is an issue...
but the blame if you will is all encompassing and needs to be rightfully shared....pick the pieces and push forward, don't give up and don't look back....let tomorrow be a better day.
New Political System would Open Door to Maliki
Do not let this article cow you.....I'm with Frank on the M issue big time....he is being neutralized and being taken care of....I still don't trust him.....but believe his power ebbs more and more with each passing day....
there are too many things that would have to happen and require far more support than he has today to bring him back.....he will have a day....many day in fact in court before his nightmare is over.
Planning: We seek to project plan for reducing its 30% within the 2016 budget
If the Iraqis are truly looking into 2016 and seeing a need to cut 30% of things I am believing that to be a pro-active thing on their part....a good thing....
one never wants to make deep cuts like that but when it is recognized as being necessary it is best to tackle that giant right up front...rather than at the tail end. Be prudent in what you know to be realistic...
don't let dreams cloud the way to the future that will keep you out of further financial doom and gloom.
Deputy: the Federal Court to review the appeal Pfqrarat 2015 budget law
In my opinion....this sounds like an opinion piece of some Parliament member.....on what authority does he make these statements....and to what degree would the Federal Supreme Court feel the need to already second guess the decisions it made only yesterday....wishful thinking it seems to me.
Well time for a break.....hope to see you tonight on the Bibly Study CC.....promise to bring some dessert in after we are done studying Philippians Chapter 4.....bring your fork.
Aloha Randy
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