Post From BondLadys Corner 2-16-16
BLC Admin Tlm724 News & Comments 2-16-16 Part 1 of 2
Economist: government is unable to find radical solutions to the financial crisis[/size]
16/02/2016 11:39 | Direction Press / special
Said economist Sattar al-Bayati, it's certainly the fact also indicates that Iraq is moving toward a financial crisis, not an economic difficult but not impossible on economic institutions to find out of the crisis solutions.
In an interview with al-Bayati, "the trend Press," said that all oil-producing countries suffer from the same problem as their economies and financial dependence on oil revenues. Indicating that all States that rely on a single supplier, whether oil or other are exposed to these conditions and crises at any time.
~~~
BLC Admin Tlm724 News & Comments 2-16-16 Part 1 of 2
Economist: government is unable to find radical solutions to the financial crisis[/size]
16/02/2016 11:39 | Direction Press / special
Said economist Sattar al-Bayati, it's certainly the fact also indicates that Iraq is moving toward a financial crisis, not an economic difficult but not impossible on economic institutions to find out of the crisis solutions.
In an interview with al-Bayati, "the trend Press," said that all oil-producing countries suffer from the same problem as their economies and financial dependence on oil revenues. Indicating that all States that rely on a single supplier, whether oil or other are exposed to these conditions and crises at any time.
~~~
He said al-Bayati said the government so far are considered incapable of finding radical solutions, noting that the government has resorted to salaries or other issues that affect the ordinary citizen entered Therefore, we find that government solutions fall short
The economist said the actual quest to find solutions is adjusted towards investment law or trend towards the tourism sector or agriculture. Indicating that there are other channels can be utilized such as taxes and customs tariff.
It is noteworthy that Iraq is going through a financial crisis due to falling oil prices and the deterioration of the oil sector because of the oil licensing rounds, which burdened the Iraqi economy, which exceeded $ 23 per barrel to extract the value of foreign companies.
He indicated that the House of Representatives voted to approve the material contained in the 2016 budget pertaining to the deduction of 3% of the salaries of employees and retirees, states the article on the distribution of this deduction of 60% of the popular crowd and 40% for the relief of displaced persons. http://ift.tt/1PZuVHM
[tlm724] He said al-Bayati said the government so far are considered incapable of finding radical solutions, noting that the government has resorted to salaries or other issues that affect the ordinary citizen entered
Therefore, we find that government solutions fall short The economist said the actual quest to find solutions is adjusted towards investment law or trend towards the tourism sector or agriculture. Indicating that there are other channels can be utilized such as taxes and customs tariff.
[tlm724] said the actual quest to find solutions is adjusted towards investment law or trend towards the tourism sector or agriculture. Indicating that there are other channels can be utilized such as taxes and customs tariff.
[tlm724] well Iraq is doing just that ^^^
[tlm724] so al-Bayati hush you *wah*
http://ift.tt/1PCXwkI
~~~~~~~
Parliamentary Economy: not a random shooting in loans
economy
Since 02.16.2016 at 11:40 (Baghdad time) Special - balances News
The Commission on Economy and Investment in Parliament on Tuesday that the launch of loans to support the private sector will not be random and will organize accurately.
It is said that Prime Minister Haider al-Abadi instructed by firing supporting the private sector's 5 trillion dinars loan in the coming days.
Said committee member Najib Najib's / balances News /, "These loans have been adopted by the central bank a $ 5 trillion with interest, government banks have completed the procedures by regulating the electronic form and determine the conditions for people submitted them."
She said Najib, said that "the Central Bank Law allows the granting of loans from the cash reserves to support the industrial, agricultural and real estate projects, has been direct since 2015, but the process of launching a parked to complete the form and some of the measures that will ensure the recovery of the money from the borrowers, and also to achieve the goal It is hoped the private sector support. "
She pointed out that "there is a mechanism differ in terms of the size of the projects, and launches the loans without the knowledge of the concerned this, there is also a partnership between the state and foreign experience, whether persons or companies represented, and bear all of which point percentage in the financing of the project."
She said, "These loans do not pay at random, but the existence of follow
It is said that the central bank, announced last August, announced the launch of an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars. LINK
[tlm724] that the launch of loans to support the private sector will not be random and will organize accurately.
[tlm724] that Prime Minister Haider al-Abadi instructed by firing supporting the private sector's 5 trillion dinars loan in the coming days.
[tlm724] "These loans have been adopted by the central bank a $ 5 trillion with interest, government banks have completed the procedures by regulating the electronic form and determine the conditions for people submitted them.
[tlm724] ya know what this is ? all the announcements from yesterday pertain to a strategic plan to usher in the free market !
[tlm724] a market economy finally ! I'm excited , just sayin...
http://ift.tt/1PCXyJb
~~~~~~~~
The private sector reforms package .. The second breakthrough
2/16/2016 0:00
Iraqi economy and development of the private sector is looking forward the economic program of the government to fulfill the functions of the implementation of Articles 25 and 26 of the Constitution of the Republic of Iraq for the year 2005 which contain; the reform of the Iraqi economy according to modern foundations that ensures complete investment of its resources, diversifying its sources, and support for the private development sector and encourage investment in the various sectors.
And it requires the implementation obligation to conduct a series of structural changes at the level of the national economy, in turn require the adoption of an integrated set of policies, legislation and procedures relating to various activities economic.
In order to achieve this the government worked on the foundations of its economic program in the formulation of policies and procedures for the support of the private sector package, to reflect the general orientations in this direction and are as follows:
1. A national vision shared between the public sector and the private sector, beyond political considerations and personal and factional interests narrow, in that prolong the transitional period which began the transition in 2003, missed important opportunities, though the postponement of reform would have negative effects.
2. The need to strengthen the capacity of the national economy on a sustainable growth, modernization of production technology, diversify sources of income, creating jobs, keeping the national wealth of material and human resources development.
3 for sale. The reform embodied in the government program linked to the government of age; short and average 1-4 years, but it;
• establishes for the future being performed structural changes in the structure of the economy determines the roles and paths of the private sector and its relationship to the state.
• Do not overlook the effects of the current crisis and how to treat them through the reform of the budget public.
4 for sale. No development without the private sector; and vary vision between:
• be given the leading role in the activities withdraw from the state (manufacturing, agriculture, trade, tourism, services, ...)
• partnership between the state and the private sector in certain activities within the service and finance sectors and insurance.
• State support to the initiatives of the private sector in new activities.
• improve the business environment and investment climate by the government to simplify procedures and remove legal and administrative barriers.
. 5. The need to strengthen the bonds of cooperation and perhaps integration or integration with the Arab, regional and global economy, which requires:
• to live up to international standards and compliance with the general conditions of the WTO, which seeks Iraq (and its continuous) to join them.
• partnership with international companies in new or existing in various projects activities that possess the competitive advantage of its products in the domestic market or export markets. (Note that international companies and foreign investment would prefer a partnership with the private sector, not governments)
6. The policy position of the competence of the federal government and the responsibility (under the Constitution), but the regions and provinces concerned with policies and procedures in accordance with the priorities determined by the characteristics and conditions of the local economy, and will be implemented Mnata local governments according to the powers granted by the law of the provinces.
7. Reform of the public sector and the government sector, restructuring of public enterprises and the banking system, and the general budget.
8. The reform of the private sector to ensure the reorganization and strengthening of the institutional side reinforces the negotiating positions and representation in front of the government and international companies.
9. Strengthening civil society institutions; organizations and centers of research and studies for the exercise of its supervisory role on the performance of the government and the private sector to ensure the protection of the consumer.
10. Reform measures coincided with a media campaign, educational institutions, universities and the private sector to contribute to the media by government institutions.
11. Coincided with the reform measures of social protection measures such as insurance and retirement of workers in the private sector, and health insurance.
12 for sale. Give priority to drivers and micro-credit for young people and women to increase their participation low in economic activity rates. Policies and procedures to support the private sector package has been drafted this package based on the study and the reality of the situation and the results of the experience of the past ten years, and visions of the practical and theoretical that share a set group of experienced with large team of government officials and the private sector, academia and civil society.
I have worked ministries, agencies and private sector organizations and international organizations over the past decade to develop plans and studies, and recommendations were made and implemented programs, formed an important backdrop for the team.
The program supports a phased action stretching from 2015 to 2018, but it lays the foundations for economic structures, and the roles of government and local governments and the private sector and civil society, and the pattern of sound and efficient economic governance that will lead the national economy in the long term; if integrated policies have been implemented in one package.
The economist said the actual quest to find solutions is adjusted towards investment law or trend towards the tourism sector or agriculture. Indicating that there are other channels can be utilized such as taxes and customs tariff.
It is noteworthy that Iraq is going through a financial crisis due to falling oil prices and the deterioration of the oil sector because of the oil licensing rounds, which burdened the Iraqi economy, which exceeded $ 23 per barrel to extract the value of foreign companies.
He indicated that the House of Representatives voted to approve the material contained in the 2016 budget pertaining to the deduction of 3% of the salaries of employees and retirees, states the article on the distribution of this deduction of 60% of the popular crowd and 40% for the relief of displaced persons. http://ift.tt/1PZuVHM
[tlm724] He said al-Bayati said the government so far are considered incapable of finding radical solutions, noting that the government has resorted to salaries or other issues that affect the ordinary citizen entered
Therefore, we find that government solutions fall short The economist said the actual quest to find solutions is adjusted towards investment law or trend towards the tourism sector or agriculture. Indicating that there are other channels can be utilized such as taxes and customs tariff.
[tlm724] said the actual quest to find solutions is adjusted towards investment law or trend towards the tourism sector or agriculture. Indicating that there are other channels can be utilized such as taxes and customs tariff.
[tlm724] well Iraq is doing just that ^^^
[tlm724] so al-Bayati hush you *wah*
http://ift.tt/1PCXwkI
~~~~~~~
Parliamentary Economy: not a random shooting in loans
economy
Since 02.16.2016 at 11:40 (Baghdad time) Special - balances News
The Commission on Economy and Investment in Parliament on Tuesday that the launch of loans to support the private sector will not be random and will organize accurately.
It is said that Prime Minister Haider al-Abadi instructed by firing supporting the private sector's 5 trillion dinars loan in the coming days.
Said committee member Najib Najib's / balances News /, "These loans have been adopted by the central bank a $ 5 trillion with interest, government banks have completed the procedures by regulating the electronic form and determine the conditions for people submitted them."
She said Najib, said that "the Central Bank Law allows the granting of loans from the cash reserves to support the industrial, agricultural and real estate projects, has been direct since 2015, but the process of launching a parked to complete the form and some of the measures that will ensure the recovery of the money from the borrowers, and also to achieve the goal It is hoped the private sector support. "
She pointed out that "there is a mechanism differ in terms of the size of the projects, and launches the loans without the knowledge of the concerned this, there is also a partnership between the state and foreign experience, whether persons or companies represented, and bear all of which point percentage in the financing of the project."
She said, "These loans do not pay at random, but the existence of follow
It is said that the central bank, announced last August, announced the launch of an initiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars. LINK
[tlm724] that the launch of loans to support the private sector will not be random and will organize accurately.
[tlm724] that Prime Minister Haider al-Abadi instructed by firing supporting the private sector's 5 trillion dinars loan in the coming days.
[tlm724] "These loans have been adopted by the central bank a $ 5 trillion with interest, government banks have completed the procedures by regulating the electronic form and determine the conditions for people submitted them.
[tlm724] ya know what this is ? all the announcements from yesterday pertain to a strategic plan to usher in the free market !
[tlm724] a market economy finally ! I'm excited , just sayin...
http://ift.tt/1PCXyJb
~~~~~~~~
The private sector reforms package .. The second breakthrough
2/16/2016 0:00
Iraqi economy and development of the private sector is looking forward the economic program of the government to fulfill the functions of the implementation of Articles 25 and 26 of the Constitution of the Republic of Iraq for the year 2005 which contain; the reform of the Iraqi economy according to modern foundations that ensures complete investment of its resources, diversifying its sources, and support for the private development sector and encourage investment in the various sectors.
And it requires the implementation obligation to conduct a series of structural changes at the level of the national economy, in turn require the adoption of an integrated set of policies, legislation and procedures relating to various activities economic.
In order to achieve this the government worked on the foundations of its economic program in the formulation of policies and procedures for the support of the private sector package, to reflect the general orientations in this direction and are as follows:
1. A national vision shared between the public sector and the private sector, beyond political considerations and personal and factional interests narrow, in that prolong the transitional period which began the transition in 2003, missed important opportunities, though the postponement of reform would have negative effects.
2. The need to strengthen the capacity of the national economy on a sustainable growth, modernization of production technology, diversify sources of income, creating jobs, keeping the national wealth of material and human resources development.
3 for sale. The reform embodied in the government program linked to the government of age; short and average 1-4 years, but it;
• establishes for the future being performed structural changes in the structure of the economy determines the roles and paths of the private sector and its relationship to the state.
• Do not overlook the effects of the current crisis and how to treat them through the reform of the budget public.
4 for sale. No development without the private sector; and vary vision between:
• be given the leading role in the activities withdraw from the state (manufacturing, agriculture, trade, tourism, services, ...)
• partnership between the state and the private sector in certain activities within the service and finance sectors and insurance.
• State support to the initiatives of the private sector in new activities.
• improve the business environment and investment climate by the government to simplify procedures and remove legal and administrative barriers.
. 5. The need to strengthen the bonds of cooperation and perhaps integration or integration with the Arab, regional and global economy, which requires:
• to live up to international standards and compliance with the general conditions of the WTO, which seeks Iraq (and its continuous) to join them.
• partnership with international companies in new or existing in various projects activities that possess the competitive advantage of its products in the domestic market or export markets. (Note that international companies and foreign investment would prefer a partnership with the private sector, not governments)
6. The policy position of the competence of the federal government and the responsibility (under the Constitution), but the regions and provinces concerned with policies and procedures in accordance with the priorities determined by the characteristics and conditions of the local economy, and will be implemented Mnata local governments according to the powers granted by the law of the provinces.
7. Reform of the public sector and the government sector, restructuring of public enterprises and the banking system, and the general budget.
8. The reform of the private sector to ensure the reorganization and strengthening of the institutional side reinforces the negotiating positions and representation in front of the government and international companies.
9. Strengthening civil society institutions; organizations and centers of research and studies for the exercise of its supervisory role on the performance of the government and the private sector to ensure the protection of the consumer.
10. Reform measures coincided with a media campaign, educational institutions, universities and the private sector to contribute to the media by government institutions.
11. Coincided with the reform measures of social protection measures such as insurance and retirement of workers in the private sector, and health insurance.
12 for sale. Give priority to drivers and micro-credit for young people and women to increase their participation low in economic activity rates. Policies and procedures to support the private sector package has been drafted this package based on the study and the reality of the situation and the results of the experience of the past ten years, and visions of the practical and theoretical that share a set group of experienced with large team of government officials and the private sector, academia and civil society.
I have worked ministries, agencies and private sector organizations and international organizations over the past decade to develop plans and studies, and recommendations were made and implemented programs, formed an important backdrop for the team.
The program supports a phased action stretching from 2015 to 2018, but it lays the foundations for economic structures, and the roles of government and local governments and the private sector and civil society, and the pattern of sound and efficient economic governance that will lead the national economy in the long term; if integrated policies have been implemented in one package.
1. Policies and procedures to encourage the private sector package through: • the restructuring of state-owned public companies. • encourage the private industrial sector. • reform of the financing structures and insurance. • improve the business environment and encourage investment.
2. Policies and procedures to diversify sources of income and job creation package, and include: • agricultural activity and livestock. • commercial activity. • tourist activity. • service activities. 3 for sale.
The reform of the general budget by: • maximizing public revenue. • rationalization of public expenditures. 4 for sale. Taking into account the social dimension b: economic transition gradually be less damage and negative repercussions, through the application of new mechanisms of social security rebalance in favor of the private sector.
http://ift.tt/1PCXwkK
[tlm724] thanks BondLady !! Thats a nice write up of the overall plan and this is good too Wink
• to live up to international standards and compliance with the general conditions of the WTO, which seeks Iraq (and its continuous) to join them.
[tlm724] it's all coming together !
http://ift.tt/1PZuT2u
Comments may be made at the end of part 2 Thank You
~~~~~~~~
2. Policies and procedures to diversify sources of income and job creation package, and include: • agricultural activity and livestock. • commercial activity. • tourist activity. • service activities. 3 for sale.
The reform of the general budget by: • maximizing public revenue. • rationalization of public expenditures. 4 for sale. Taking into account the social dimension b: economic transition gradually be less damage and negative repercussions, through the application of new mechanisms of social security rebalance in favor of the private sector.
http://ift.tt/1PCXwkK
[tlm724] thanks BondLady !! Thats a nice write up of the overall plan and this is good too Wink
• to live up to international standards and compliance with the general conditions of the WTO, which seeks Iraq (and its continuous) to join them.
[tlm724] it's all coming together !
http://ift.tt/1PZuT2u
Comments may be made at the end of part 2 Thank You
~~~~~~~~
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