Part 2:
BACKDOC: WHAT IS VERY INTERESTING IS THAT ALL THE QE HAS ONLY CONTRIBUTED TO MORE CASH REDUCTION OUT OF THE PRIVATE SECTOR!
WITH ALL THESE BONDS BE BOUGHT WE HAVE SEEN MORE MONEY COMING OUT OF THE WORLDS ECONOMIES.
IN FACT, A FEW DAYS AGO WE SAW EYGPT HAVE TO DEVALUE ITS CURRENCY BECAUSE THERE WASN'T ENOUGH DOLLARS AVAILABLE.
WE ARE SEEING THE FED SUCK DOLLARS OUT OF THE WORLDS ECONOMIES! WHY? WHAT ARE THEY PREPARING FOR? HEE HEE
COULD A STRONGER NEW ASSET BACKED CURRENCY BE ON ITS WAY BY YEAR END? DOC IMO
....
BACKDOC: WHAT IS VERY INTERESTING IS THAT ALL THE QE HAS ONLY CONTRIBUTED TO MORE CASH REDUCTION OUT OF THE PRIVATE SECTOR!
WITH ALL THESE BONDS BE BOUGHT WE HAVE SEEN MORE MONEY COMING OUT OF THE WORLDS ECONOMIES.
IN FACT, A FEW DAYS AGO WE SAW EYGPT HAVE TO DEVALUE ITS CURRENCY BECAUSE THERE WASN'T ENOUGH DOLLARS AVAILABLE.
WE ARE SEEING THE FED SUCK DOLLARS OUT OF THE WORLDS ECONOMIES! WHY? WHAT ARE THEY PREPARING FOR? HEE HEE
COULD A STRONGER NEW ASSET BACKED CURRENCY BE ON ITS WAY BY YEAR END? DOC IMO
....
Thunderhawk: WHY RUSSIA IS INCREASING ITS INVESTMENTS IN US DEBT
Russia has increased its holding of US Treasury securities, having reached two goals – securing fixed foreign exchange earnings and deepening US’ sovereign debt.
Russia has increased its holdings of US securities by $4.8 billion in 2016, according to the US Treasury Department.
At the annual rate, the sum increased by $14.7 billion.
United States treasury bonds remain one of the most reliable financial tools in the global economy, Vladislav Kochetkov, head of Finam investment holding, told Ridus agency.
"It is obvious that the Russian government has adopted this conservative investing policy and has invested in US treasuries," he explained.
Despite the fact that last year Russia’s holdings of US Treasury securities decreased amid the tensions between Moscow and Washington, Russia never abandoned the policy of investing in the US debt.
Since December 2014, Russia gradually decreased its holdings. In April 2015, they reached $66.5 billion. Since May 2015, Russia’s holdings have again been increasing.
Buying US debt, Russia is securing its stable foreign exchange earnings and at the same time is deepening the debt of the world’s strongest economy. "Thus, Russia is not only saving its gold and foreign currency reserves but also increasing them," Kochetkov said.
Russia is the 15th largest holder of US Treasury securities, with $96.9 billion. China leads the list with nearly $1.3 trillion. Japan ranks second, with $1.1 trillion.
http://ift.tt/1PgqH9y
************
Mountainman: Well HAWK....If My Memory Serves me correctly.....I believe that CHINA made Agreements last Summer to Pay this Debt off.....Make No Mistake this Country Is Super Rich w/Poor Leadership.....W/the IMF,WB...etc.....They will be A POWERHOUSE IMO......for their Region....and Seeing Global Trade is a Major Component in the NEW REALITY....it Only serves to Make Sense for these Countries/Institutions Involvement......POOL those RESOURCES.....Yup.....IMO
Walkingstick: Zimbabwe: IMF Board to Determine Zimbabwe's Destiny
THE International Monetary Fund (IMF)'s board is expected to meet in May to decide the fate of Zimbabwe's arrears clearance strategy, expected to facilitate the country's re-integration in the international community.
If approved, this would pave way for Zimbabwe, which has been unable to access offshore funding due to outstanding arrears to international financial institutions (IFIs) and other lenders, to be considered for new funding from the Bretton Woods institution.
Zimbabwe last year tabled proposals to clear US$1,8 billion in arrears to the World Bank (WB), IMF and the African Development Bank (AfDB) by June this year during IMF and WB annual meetings in Lima, Peru.
Finance Minister, Patrick Chinamasa, last week disclosed that the IMF board would hold its meeting on Zimbabwe on May 2. The board would discuss Harare's strategy to clear its arrears at this meeting, he said.
The development comes at a time Zimbabwe has met targets for its Staff Monitored Programme (SMPs) which ended in December. Chinamasa said "this will give Zimbabwe a strong track record towards normalising relationships with its creditors and mobilising development partners' support".
Chinamasa said strong performance under the SMP would improve Zimbabwe's repayment capacity and demonstrate that it could implement reforms that could justify a financial arrangement to tackle the country's deep-rooted problems.
"Our meeting of SMPs targets paves way to negotiate with the three IFIs namely IMF, WB and AfDB," said Chinamasa.
"That's a strong statement and a very positive development in the eyes of our creditors. So as we go forward now, the IMF executive board is going to meet on May 2, 2016 to approve or reject our Lima arrears clearance strategy," he said.
Chinamasa said now that the country had met its SMP targets, Harare would intensify its engagement with development partners that supported Zimbabwe in Lima.
"We need to be very clear: Unless we reach an accommodation with them, we don't get lines of credit."
"As we clear our arrears, we would want to see whether we are still on the same page with development partners who gave us overwhelming support in Lima.
"We continue to engage them bilaterally and also in some cases multilaterally. We do so in a more intensified manner just to see whether they are still warming to us as we go towards May 2, 2016. You cannot always take these things for granted."
Should Zimbabwe succeed in clearing arrears to the three IFIs by June this year, this would then be followed by engagement with other creditors, such as the European Investment Bank, Paris Club and non-Paris Club members.
The plan, apparently, is to reduce the country's debt, estimated at US$8 billion, improve the standard of living in the country and spur economic growth.
The debt clearance strategy is, therefore, expected to reinforce Zimbabwe's commitment towards opening a fresh chapter with its lenders.
Commenting on Zimbabwe's chances of getting fresh funding from the three IFIs, Chinamasa said: "Yes, we have met our target SMPs, which were essential in order to support the economy, promote macroeconomic stability, address weaknesses in the financial sector and lay the foundation to build our capacity to pay external outstanding debt.
"This means we now have a good track record, but we are not there yet. We are only there in terms of being able to discuss a new financial programme only. But even with the new financial programme, even if they are to give us new money, if they don't see any capacity to pay in us, they will not give us new money."
http://ift.tt/1PgqH9E
************
Mountainman: Well Currently Credit Card Companies Utilize a Similar Concept....Meaning they try and "REDUCE" Ones Overall Debt Balance Owed...by Offering A Settlement Amount or A Restructuring Measure so as to NOT Lose out Completely and Yet Perhaps Incentivize
The Debtor from Default....and or Bankruptcy.....BTW.....We are In A Jubilee year still......IMO
Thunderhawk: New IMF Debt Rules Draw Praise, Criticism
Bankruptcy is the procedure in the United States (and many other nations) that allows a debtor who is no longer able to pay back a debt to come to some form of resolution with his or her creditors, typically allowing for a different repayment term or the discharge (or erasure) of some or all of the debt. In fact, every country has some similar process. When addressing international debts between nations, however, no such procedures exist.
To address this problem, the International Monetary Fund (IMF) has drawn up new rules. As IMF Chief Economist, Olivier Blanchard, explains it, a country in need of IMF assistance is either “illiquid” or “insolvent.” When “illiquid,” the nation simply cannot mobilize funds in order to satisfy its obligations. It simply needs funding in order to see it through this low point in liquidity, and will likely be able to repay its bailout in time.
“Insolvent” nations, on the other hand, need to have their debt restructured, as they will have a difficult time emerging from their own debt spiral otherwise. Such restructuring will likely need to be similar to the process of bankruptcy in the US, with portions of the debt either reduced or deferred.
Unfortunately, it is very difficult to look at a nation in financial crisis and determine whether it is “illiquid” or “insolvent.” Of course, the IMF is under immense political pressure at the same time to bail that nation out, regardless of which bucket its debts fill.
The IMF’s new rules suggest that if a nation’s debts fall into the bucket of “insolvency,” any bailout funds tend to go to repaying creditors who should have participated in the resolution and trimmed a portion of their own profits on those debts in order to reduce the likelihood of default. An excellent contemporary example of this problem is Greece.
When it first began receiving bailout funds, the initial money went to pay off creditors. By the time the IMF and the European Union banks began discussing debt restructuring for the clearly insolvent Greece, many of the creditors had already been paid and had no interest in restructuring any of their portions of the debt.
Blanchard suggests that the new IMF rules will help prevent just such a situation. According to the new rules, if there is doubt as to a nation’s solvency, its debts can be put on temporary hold (though, not erased or reduced). This may pressure creditors to offer debt reductions on their own.
Economists, however, are divided on the potential efficacy of these new measures. The biggest problem is the IMF’s inability to bind a nation’s creditors to any kind of restructuring plan in the way a bankruptcy court can in America. As a result, many of the rules suggest that nations tempt default if they wish to receive funding from the IMF.
Some feel this is an excellent use of extra-judicial pressure to reach bankruptcy-like effects for distressed nations. Others suggest that because there are no real teeth to these measures, they merely serve as a means of refusing aid to nations in desperate need of assistance, leaving them stuck in the middle between their creditors and the IMF.
Until these rules have been given practical use, it will be difficult to determine which view will prove most true. These provisions, however, may be but the first step on a path to addressing the bigger problem of international debt that could lead to a new body of treaty law regarding the bankruptcy of nations and their debts.
http://ift.tt/1PgqJhy
************
Thunderhawk: WTO members willing to engage with Iran: Chief
Members of the World Trade Organisation are willing to engage with Iran on its accession to the body, but a lot will depend on Tehran’s drive to make proposals during the early stages, the WTO’s director general said on Thursday.
[WTO members willing to engage with Iran: Chief]
Iran, the biggest economy outside the WTO, had signalled its intention to join as part of normalising its international trade relations once nuclear-related sanctions were lifted, Reuters reported.
“We are in the early stages but I think there is goodwill and engagement and I hope that the process will move as expeditiously as possible,” Roberto Azevedo was quoted saying at a media briefing in Cape Town.
http://ift.tt/1Rp2CVB
************
BACKDOC: I'VE BEEN FAIRLY QUIET FOR SOME TIME ON THIS ASIAN GEM! I HAVE THOUGHT FOR THE LAST 3 YEARS THAT THE VND WOULD EVENTUALLY END UP AS A DONOR CURRENCY TO THE SDR LIKE THE IRAQI DINAR AND THE KUWAITI DINAR.
TIME WILL TELL BUT THE WAY THEY ARE BEING BLESSED FROM FOOD TO FACTORY THE TPP WILL KEEP THEM A ROCKIN.
QUARTER AFTER QUARTER WE HAVE BEEN SEEING 6.8% GROWTH QUARTER OVER QUARTER.
WHY DID THE IMF JUST A FEW DAYS AGO TELL THE ASIAN COUNTRIES TO ACTIVATE THEIR OWN MONETARY POLICY? MMMMM
THEY WERE BEING GIVEN A HEADS UP BECAUSE IRAN IS PUTTING A WRAP ON THEIR REFORM AND ITS SHIA BROTHER HAS BEEN WAITING TO GET THINGS UP AND RUNNING!
TODAY WE SEE THE IMF GETTING CHATTY AGAIN OVER THEIR GOLDEN CHILD! THEY ARE SO PLEASED THEY ONLY WANT TO HELP OUT WITH MACRO ECONOMIC STUFF! LOL
REMEMBER, VIETNAMS CLEVER MOVE WITH THEIR DEBT?
ONCE THE DOLLAR MAKES ITS TRANSITION PLUNGE AND DE-PEGS FROM BLACK GOLD, WE WILL END UP WITH ALL THE CURRENCIES IN THE SDR ESSENTIALLY BECOMING THE WORLDS RESERVE CURRENCIES. I LOOK THE U.S. TO REMAIN A MAJOR PLAYER ALONG WITH THE YUAN. DOC IMO
Mounainman: Ok....as far as VIETNAM......Two Words...."GLOBAL EXPLOSION".........Ok......LOL......and some More.....A Bridge Over Troubled Waters........TPP......and ALL their Hand Shaking Agreements.....Iran.....Usa....Europe.....Need I say More.....OK......The Fastest Growing Middle Class Economy in 20+ Years.....and On and on it goes......Watch Out...Here They Come!!!!!!!! (8).....IMO
Thunderhawk: IMF vows to help Vietnam gain macro-economic stability
The International Monetary Fund (IMF) wishes to work with Vietnam in its strongest fields, and pledges to provide addition technical assistance to help the country reach macro-economic stability.
President Truong Tan Sang and IMF Managing Director Christine Lagarde
At her meeting with President Truong Tan Sang in Hanoi on March 16, IMF Managing Director Christine Lagarde said that along with support from international organisations, including the IMF, the sound development policy and internal strength of Vietnam are decisive factors for the country’s achievements in poverty reduction, curbing inflation and primary education universalisation.
She also appreciated Vietnam’s development strategy towards quality and sustainability.
Speaking of the IMF’s assistance, particularly in preferential loans and policy consultation, President Truong Tan Sang also thanked the fund’s useful assessment of the country’s economic development.
With an expected GDP growth target of around 6 percent, Vietnam will attach importance to the quality of growth, focus on bank and enterprise restructuring, developing the private sector, attracting more foreign investment, and reforming the agricultural economy.
Therefore, the country hopes to receive further IMF recommendations and assistance to help it find more preferential loans and serve its sustainable economic growth, he said.
On the same day, Mrs Christine Lagarde also had another meeting with Prime Minister Nguyen Tan Dung, who said Vietnam is speeding up reform, improving national governance capabilities and upholding democracy
In the foreseeable future, Vietnam will continue stabilising the macro-economy and aim to achieve 7 percent growth in the next five years, PM Dung said.
The PM also congratulated his guest on being re-elected for a five-year tenure, for the second time, and spoke highly of the IMF for its regular supervision and consultation, especially advising Vietnam on macro-economic policies, technical support and personnel training.
On the back of Vietnam’s own efforts and global support, including the IMF’s, Vietnam has scored significant achievements across diverse areas, he said, adding that amid global economic integration, Vietnam consistently pursues the goal of rapid and sustainable development, economic growth in tandem with social progress and fairness.
The host hoped for receiving further IMF support on forecasting macro-economic development trends, thereby raising the country’s stature on the international scene.
Lagarde, for her part, said the IMF is targeting technical and educational support to Vietnam.
She suggested Vietnam continue improving labour productivity and business competitiveness, and vowed that the IMF is ready to help Vietnam fulfill its development goals.
http://ift.tt/1PgqJhA.
************
BACKDOC: THUNDER JUST LIKE WE PREDICTED A YEAR AGO! TODAY WE SEE IT! IRAN SHIPPING OIL TO GREECE! THEY ARE SILK ROAD LOCKED AND LOADED! NOW WATCH FOR GERMANY TO JOIN THEIR PARTY! WHO IS BUILDING A RAIL SYSTEM FROM EUROPE TO IRAN? WHO IS BUILDING A MERCEDES FACTORY! RIGHT GERMANY!!!
Thunderhawk: Greece to buy first loads of Iran oil from Total: Report
Tehran, March 17, IRNA - Hellenic Petroleum (ELPE) will purchase its first delivery of Iranian crude oil indirectly from Tehran, despite of the Greek refiner's signed deal with the National Iranian Oil Company (NIOC) earlier this year, Greek media reported.
'Rather, this month’s load, and likely the next three, scheduled for April, will have to be purchased from France’s Total,' ekathimerini.com reported according to the Iranian Ministry of Petroleum.
Athens-listed ELPE is currently unable to be supplied directly with Iranian oil quantities as provided by its deal signed with NIOC on January 22 due to the uncertainties following lifting of sanctions which are causing problems with ELPE’s payment of the first 100-million-euro installment of its 600-million-euro debt to the Iranian company, it said.
“We have disbursed the installment, but it has not yet reached Tehran,” an ELPE source was quoted saying to Kathimerini while Total has signed an agreement for the acquisition of major quantities of Iranian crude.
http://ift.tt/1Rp2Egk
Russia has increased its holding of US Treasury securities, having reached two goals – securing fixed foreign exchange earnings and deepening US’ sovereign debt.
Russia has increased its holdings of US securities by $4.8 billion in 2016, according to the US Treasury Department.
At the annual rate, the sum increased by $14.7 billion.
United States treasury bonds remain one of the most reliable financial tools in the global economy, Vladislav Kochetkov, head of Finam investment holding, told Ridus agency.
"It is obvious that the Russian government has adopted this conservative investing policy and has invested in US treasuries," he explained.
Despite the fact that last year Russia’s holdings of US Treasury securities decreased amid the tensions between Moscow and Washington, Russia never abandoned the policy of investing in the US debt.
Since December 2014, Russia gradually decreased its holdings. In April 2015, they reached $66.5 billion. Since May 2015, Russia’s holdings have again been increasing.
Buying US debt, Russia is securing its stable foreign exchange earnings and at the same time is deepening the debt of the world’s strongest economy. "Thus, Russia is not only saving its gold and foreign currency reserves but also increasing them," Kochetkov said.
Russia is the 15th largest holder of US Treasury securities, with $96.9 billion. China leads the list with nearly $1.3 trillion. Japan ranks second, with $1.1 trillion.
http://ift.tt/1PgqH9y
************
Mountainman: Well HAWK....If My Memory Serves me correctly.....I believe that CHINA made Agreements last Summer to Pay this Debt off.....Make No Mistake this Country Is Super Rich w/Poor Leadership.....W/the IMF,WB...etc.....They will be A POWERHOUSE IMO......for their Region....and Seeing Global Trade is a Major Component in the NEW REALITY....it Only serves to Make Sense for these Countries/Institutions Involvement......POOL those RESOURCES.....Yup.....IMO
Walkingstick: Zimbabwe: IMF Board to Determine Zimbabwe's Destiny
THE International Monetary Fund (IMF)'s board is expected to meet in May to decide the fate of Zimbabwe's arrears clearance strategy, expected to facilitate the country's re-integration in the international community.
If approved, this would pave way for Zimbabwe, which has been unable to access offshore funding due to outstanding arrears to international financial institutions (IFIs) and other lenders, to be considered for new funding from the Bretton Woods institution.
Zimbabwe last year tabled proposals to clear US$1,8 billion in arrears to the World Bank (WB), IMF and the African Development Bank (AfDB) by June this year during IMF and WB annual meetings in Lima, Peru.
Finance Minister, Patrick Chinamasa, last week disclosed that the IMF board would hold its meeting on Zimbabwe on May 2. The board would discuss Harare's strategy to clear its arrears at this meeting, he said.
The development comes at a time Zimbabwe has met targets for its Staff Monitored Programme (SMPs) which ended in December. Chinamasa said "this will give Zimbabwe a strong track record towards normalising relationships with its creditors and mobilising development partners' support".
Chinamasa said strong performance under the SMP would improve Zimbabwe's repayment capacity and demonstrate that it could implement reforms that could justify a financial arrangement to tackle the country's deep-rooted problems.
"Our meeting of SMPs targets paves way to negotiate with the three IFIs namely IMF, WB and AfDB," said Chinamasa.
"That's a strong statement and a very positive development in the eyes of our creditors. So as we go forward now, the IMF executive board is going to meet on May 2, 2016 to approve or reject our Lima arrears clearance strategy," he said.
Chinamasa said now that the country had met its SMP targets, Harare would intensify its engagement with development partners that supported Zimbabwe in Lima.
"We need to be very clear: Unless we reach an accommodation with them, we don't get lines of credit."
"As we clear our arrears, we would want to see whether we are still on the same page with development partners who gave us overwhelming support in Lima.
"We continue to engage them bilaterally and also in some cases multilaterally. We do so in a more intensified manner just to see whether they are still warming to us as we go towards May 2, 2016. You cannot always take these things for granted."
Should Zimbabwe succeed in clearing arrears to the three IFIs by June this year, this would then be followed by engagement with other creditors, such as the European Investment Bank, Paris Club and non-Paris Club members.
The plan, apparently, is to reduce the country's debt, estimated at US$8 billion, improve the standard of living in the country and spur economic growth.
The debt clearance strategy is, therefore, expected to reinforce Zimbabwe's commitment towards opening a fresh chapter with its lenders.
Commenting on Zimbabwe's chances of getting fresh funding from the three IFIs, Chinamasa said: "Yes, we have met our target SMPs, which were essential in order to support the economy, promote macroeconomic stability, address weaknesses in the financial sector and lay the foundation to build our capacity to pay external outstanding debt.
"This means we now have a good track record, but we are not there yet. We are only there in terms of being able to discuss a new financial programme only. But even with the new financial programme, even if they are to give us new money, if they don't see any capacity to pay in us, they will not give us new money."
http://ift.tt/1PgqH9E
************
Mountainman: Well Currently Credit Card Companies Utilize a Similar Concept....Meaning they try and "REDUCE" Ones Overall Debt Balance Owed...by Offering A Settlement Amount or A Restructuring Measure so as to NOT Lose out Completely and Yet Perhaps Incentivize
The Debtor from Default....and or Bankruptcy.....BTW.....We are In A Jubilee year still......IMO
Thunderhawk: New IMF Debt Rules Draw Praise, Criticism
Bankruptcy is the procedure in the United States (and many other nations) that allows a debtor who is no longer able to pay back a debt to come to some form of resolution with his or her creditors, typically allowing for a different repayment term or the discharge (or erasure) of some or all of the debt. In fact, every country has some similar process. When addressing international debts between nations, however, no such procedures exist.
To address this problem, the International Monetary Fund (IMF) has drawn up new rules. As IMF Chief Economist, Olivier Blanchard, explains it, a country in need of IMF assistance is either “illiquid” or “insolvent.” When “illiquid,” the nation simply cannot mobilize funds in order to satisfy its obligations. It simply needs funding in order to see it through this low point in liquidity, and will likely be able to repay its bailout in time.
“Insolvent” nations, on the other hand, need to have their debt restructured, as they will have a difficult time emerging from their own debt spiral otherwise. Such restructuring will likely need to be similar to the process of bankruptcy in the US, with portions of the debt either reduced or deferred.
Unfortunately, it is very difficult to look at a nation in financial crisis and determine whether it is “illiquid” or “insolvent.” Of course, the IMF is under immense political pressure at the same time to bail that nation out, regardless of which bucket its debts fill.
The IMF’s new rules suggest that if a nation’s debts fall into the bucket of “insolvency,” any bailout funds tend to go to repaying creditors who should have participated in the resolution and trimmed a portion of their own profits on those debts in order to reduce the likelihood of default. An excellent contemporary example of this problem is Greece.
When it first began receiving bailout funds, the initial money went to pay off creditors. By the time the IMF and the European Union banks began discussing debt restructuring for the clearly insolvent Greece, many of the creditors had already been paid and had no interest in restructuring any of their portions of the debt.
Blanchard suggests that the new IMF rules will help prevent just such a situation. According to the new rules, if there is doubt as to a nation’s solvency, its debts can be put on temporary hold (though, not erased or reduced). This may pressure creditors to offer debt reductions on their own.
Economists, however, are divided on the potential efficacy of these new measures. The biggest problem is the IMF’s inability to bind a nation’s creditors to any kind of restructuring plan in the way a bankruptcy court can in America. As a result, many of the rules suggest that nations tempt default if they wish to receive funding from the IMF.
Some feel this is an excellent use of extra-judicial pressure to reach bankruptcy-like effects for distressed nations. Others suggest that because there are no real teeth to these measures, they merely serve as a means of refusing aid to nations in desperate need of assistance, leaving them stuck in the middle between their creditors and the IMF.
Until these rules have been given practical use, it will be difficult to determine which view will prove most true. These provisions, however, may be but the first step on a path to addressing the bigger problem of international debt that could lead to a new body of treaty law regarding the bankruptcy of nations and their debts.
http://ift.tt/1PgqJhy
************
Thunderhawk: WTO members willing to engage with Iran: Chief
Members of the World Trade Organisation are willing to engage with Iran on its accession to the body, but a lot will depend on Tehran’s drive to make proposals during the early stages, the WTO’s director general said on Thursday.
[WTO members willing to engage with Iran: Chief]
Iran, the biggest economy outside the WTO, had signalled its intention to join as part of normalising its international trade relations once nuclear-related sanctions were lifted, Reuters reported.
“We are in the early stages but I think there is goodwill and engagement and I hope that the process will move as expeditiously as possible,” Roberto Azevedo was quoted saying at a media briefing in Cape Town.
http://ift.tt/1Rp2CVB
************
BACKDOC: I'VE BEEN FAIRLY QUIET FOR SOME TIME ON THIS ASIAN GEM! I HAVE THOUGHT FOR THE LAST 3 YEARS THAT THE VND WOULD EVENTUALLY END UP AS A DONOR CURRENCY TO THE SDR LIKE THE IRAQI DINAR AND THE KUWAITI DINAR.
TIME WILL TELL BUT THE WAY THEY ARE BEING BLESSED FROM FOOD TO FACTORY THE TPP WILL KEEP THEM A ROCKIN.
QUARTER AFTER QUARTER WE HAVE BEEN SEEING 6.8% GROWTH QUARTER OVER QUARTER.
WHY DID THE IMF JUST A FEW DAYS AGO TELL THE ASIAN COUNTRIES TO ACTIVATE THEIR OWN MONETARY POLICY? MMMMM
THEY WERE BEING GIVEN A HEADS UP BECAUSE IRAN IS PUTTING A WRAP ON THEIR REFORM AND ITS SHIA BROTHER HAS BEEN WAITING TO GET THINGS UP AND RUNNING!
TODAY WE SEE THE IMF GETTING CHATTY AGAIN OVER THEIR GOLDEN CHILD! THEY ARE SO PLEASED THEY ONLY WANT TO HELP OUT WITH MACRO ECONOMIC STUFF! LOL
REMEMBER, VIETNAMS CLEVER MOVE WITH THEIR DEBT?
ONCE THE DOLLAR MAKES ITS TRANSITION PLUNGE AND DE-PEGS FROM BLACK GOLD, WE WILL END UP WITH ALL THE CURRENCIES IN THE SDR ESSENTIALLY BECOMING THE WORLDS RESERVE CURRENCIES. I LOOK THE U.S. TO REMAIN A MAJOR PLAYER ALONG WITH THE YUAN. DOC IMO
Mounainman: Ok....as far as VIETNAM......Two Words...."GLOBAL EXPLOSION".........Ok......LOL......and some More.....A Bridge Over Troubled Waters........TPP......and ALL their Hand Shaking Agreements.....Iran.....Usa....Europe.....Need I say More.....OK......The Fastest Growing Middle Class Economy in 20+ Years.....and On and on it goes......Watch Out...Here They Come!!!!!!!! (8).....IMO
Thunderhawk: IMF vows to help Vietnam gain macro-economic stability
The International Monetary Fund (IMF) wishes to work with Vietnam in its strongest fields, and pledges to provide addition technical assistance to help the country reach macro-economic stability.
President Truong Tan Sang and IMF Managing Director Christine Lagarde
At her meeting with President Truong Tan Sang in Hanoi on March 16, IMF Managing Director Christine Lagarde said that along with support from international organisations, including the IMF, the sound development policy and internal strength of Vietnam are decisive factors for the country’s achievements in poverty reduction, curbing inflation and primary education universalisation.
She also appreciated Vietnam’s development strategy towards quality and sustainability.
Speaking of the IMF’s assistance, particularly in preferential loans and policy consultation, President Truong Tan Sang also thanked the fund’s useful assessment of the country’s economic development.
With an expected GDP growth target of around 6 percent, Vietnam will attach importance to the quality of growth, focus on bank and enterprise restructuring, developing the private sector, attracting more foreign investment, and reforming the agricultural economy.
Therefore, the country hopes to receive further IMF recommendations and assistance to help it find more preferential loans and serve its sustainable economic growth, he said.
On the same day, Mrs Christine Lagarde also had another meeting with Prime Minister Nguyen Tan Dung, who said Vietnam is speeding up reform, improving national governance capabilities and upholding democracy
In the foreseeable future, Vietnam will continue stabilising the macro-economy and aim to achieve 7 percent growth in the next five years, PM Dung said.
The PM also congratulated his guest on being re-elected for a five-year tenure, for the second time, and spoke highly of the IMF for its regular supervision and consultation, especially advising Vietnam on macro-economic policies, technical support and personnel training.
On the back of Vietnam’s own efforts and global support, including the IMF’s, Vietnam has scored significant achievements across diverse areas, he said, adding that amid global economic integration, Vietnam consistently pursues the goal of rapid and sustainable development, economic growth in tandem with social progress and fairness.
The host hoped for receiving further IMF support on forecasting macro-economic development trends, thereby raising the country’s stature on the international scene.
Lagarde, for her part, said the IMF is targeting technical and educational support to Vietnam.
She suggested Vietnam continue improving labour productivity and business competitiveness, and vowed that the IMF is ready to help Vietnam fulfill its development goals.
http://ift.tt/1PgqJhA.
************
BACKDOC: THUNDER JUST LIKE WE PREDICTED A YEAR AGO! TODAY WE SEE IT! IRAN SHIPPING OIL TO GREECE! THEY ARE SILK ROAD LOCKED AND LOADED! NOW WATCH FOR GERMANY TO JOIN THEIR PARTY! WHO IS BUILDING A RAIL SYSTEM FROM EUROPE TO IRAN? WHO IS BUILDING A MERCEDES FACTORY! RIGHT GERMANY!!!
Thunderhawk: Greece to buy first loads of Iran oil from Total: Report
Tehran, March 17, IRNA - Hellenic Petroleum (ELPE) will purchase its first delivery of Iranian crude oil indirectly from Tehran, despite of the Greek refiner's signed deal with the National Iranian Oil Company (NIOC) earlier this year, Greek media reported.
'Rather, this month’s load, and likely the next three, scheduled for April, will have to be purchased from France’s Total,' ekathimerini.com reported according to the Iranian Ministry of Petroleum.
Athens-listed ELPE is currently unable to be supplied directly with Iranian oil quantities as provided by its deal signed with NIOC on January 22 due to the uncertainties following lifting of sanctions which are causing problems with ELPE’s payment of the first 100-million-euro installment of its 600-million-euro debt to the Iranian company, it said.
“We have disbursed the installment, but it has not yet reached Tehran,” an ELPE source was quoted saying to Kathimerini while Total has signed an agreement for the acquisition of major quantities of Iranian crude.
http://ift.tt/1Rp2Egk
Mountainman: Yes,Yes,YES......These TWO Here .....INDIA/IRAN will be Complimenting each Others Economies.....hey Christine.....is that WHY??? You told India last Weekend Get Your Monetary Motions.....In Motion???....Hmmm.......Well as Doc says ACTION means things and Here w/Iran...this OIL Pipeline and Middle of April signing of TIMES....IMO....Yup....And the START of the (Feds) 2nd Quarter....Ending in June......I Like What I'm Seeing....However TIME will tell.....It ALWAYS Does....Right???.......LOL
Thunderhawk: Iran, India to sign Chabahar Port development deal soon
New Delhi, March 17, IRNA – Informed sources here announced that the contract for the implementation of the first phase of the project for the development of Chabahar Port will be signed between Iran and India in a near future.
he $85 million letter of understanding for India’s investment in Chabahar was signed between the Indian Minister for Road Transport and Highways Nitin Gadkari and Iran’s Abbas Akhundi, Minister of Road and Urban Development, during the former’s visit to Iran in May.
However, with the passage of 10 months since the signing of the letter of understanding so far the Indian side has taken no measure for investment.
The English language daily Business Line Thursday quoted informed sources as saying that the contract for the development of Chabahar Port will be signed in the Maritime India Summit – 2016, April 14-16.
According to the report, Iran’s Ports Organization in a 10-year contract has transferred development of Chabahar to the Iranian Arya Bandar Company which has signed a contract with the Indian Ports Global PVT. Ltd.
The Indian company will undertake the development of two jetties in Chabahar port for a period of 10 years and will transfer all cargo consignments except for oil products.
India plans to participate in implementation of the second phase of development of Chabahar, including building 500 km railway between Chabahar and Zahedan which will connect Chabahar to Central Asia.
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