KTFA:
Mountainman: REMEMBER this is A GLOBAL EVENT.......I Brought {ALL} these POSTS Together W/ Said COMMENTS......because IMO......J.LEW is telling {A STORY w/in A Story}.......
The U S A Will Still be KING.......And IRAQ and their {ACCELERATION} as Islandg 1211 Stated Previously Are {ALL} Connected.......INTERWOVEN like a QUILT.....and The 2010 CODE of REFORMS was (PARAMOUNT).....w/Out this IRAQ may have been Further Held Up by 12/1......
WHY???.....Because {ALL} Countries are LINKED/CONNECTED.....From The BANKS/IMF/BIS/BASEL 3/WTO/WB/AIIB/"GLOBAL WARMING"=GLOBAL TAXES/GLOBAL TRADE/and Finally the SDR BASKET of Which w/Out this CHINA's RESERVE CURRENCY STATUS would have Also (Held Up) the Path Forward.....and (WHO) is In CHARGE in IRAQ....Yup.....The U S A and [WHEN] (THEY) said MOVE {NOW}.....IRAQ Moved, and is MOVING......w/ {ACCELERATION}........Right....???........
....
Mountainman: REMEMBER this is A GLOBAL EVENT.......I Brought {ALL} these POSTS Together W/ Said COMMENTS......because IMO......J.LEW is telling {A STORY w/in A Story}.......
The U S A Will Still be KING.......And IRAQ and their {ACCELERATION} as Islandg 1211 Stated Previously Are {ALL} Connected.......INTERWOVEN like a QUILT.....and The 2010 CODE of REFORMS was (PARAMOUNT).....w/Out this IRAQ may have been Further Held Up by 12/1......
WHY???.....Because {ALL} Countries are LINKED/CONNECTED.....From The BANKS/IMF/BIS/BASEL 3/WTO/WB/AIIB/"GLOBAL WARMING"=GLOBAL TAXES/GLOBAL TRADE/and Finally the SDR BASKET of Which w/Out this CHINA's RESERVE CURRENCY STATUS would have Also (Held Up) the Path Forward.....and (WHO) is In CHARGE in IRAQ....Yup.....The U S A and [WHEN] (THEY) said MOVE {NOW}.....IRAQ Moved, and is MOVING......w/ {ACCELERATION}........Right....???........
....
Mountainman: Now as DOC has Stated (IHO)......OIL and the SDR will LEVEL OUT the FUTURE VALUES for Countries......and The {TWO LARGEST ECONOMIES} and their COOPERATION and POLICIES Forward Will (COMPLIMENT) theNEW GLOBAL REALITY......and Everything Essential to It's "GLOBAL SUCCESS" will Be {TRANSPARENT}......
This Is WHY ???......O is Also On the MOVE=GLOBALLY....Not just "Because" the BREXIT and 9/11 Saudi Involvement......as the FINAL STAGES of the WHAT and WHY for The EURO,JAPAN,IRAN,IRAQ, and Others are FULFILLING their PARTS in this EVENT we {ALL} are watching UNFOLD......
(REMEMBER) Their is A Cause Which CREATES the EFFECT and The [REACTION] to Problem that BIRTHS the "SOLUTION".......And HERE we Are NOW.......IMO
Blessings,Mountainman (8)=New Beginnings.......For EVERYONE.......
**************
Why U.S. Economic Leadership Matters
The Case for U.S. Economic Leadership: A Conversation with Jacob J. Lew
International Economics April 11, 2016
Speaker:
Jacob J. Lew Secretary, U.S. Department of the Treasury
Presider: Sebastian Mallaby
Paul A. Volcker Senior Fellow For International Economics, Council on Foreign Relations
Transcript
MALLABY: Thank you all for being here this morning. My name is Sebastian Mallaby. I work here at the Council.
So I want to welcome you all to today’s CFR meeting. This is part of the Peter McColough Series on International Economics. I want to welcome also CFR members around the nation and the world participating in this meeting through livestream. I think you know this is going to be on the record.
There is an introduction and description of Mr.—of Secretary Lew’s bio, I think, in your packs. But just to say that he was sworn in as the 76th treasury secretary in 2013. Before that, he ran the OMB. And one thing I remember as being kind of relevant to what he’s going to be discussing today is, before that, in the early Obama administration when he was deputy secretary of state and running the first-ever sort of deep look at all the tools of development assistance across the U.S. government, the Quadrennial Development Review, shows that his involvement in these questions of the interaction between economics and statecraft is rather extensive.
So I’m going to welcome Secretary Lew up to the podium. And he’s going to speak for a bit, and then we’re going to have a conversation. Thank you.
LEW: Thanks very much, Sebastian, for that introduction, and for your leadership at the Council. This is a remarkable institution with a long history of intellectual influence on America’s foreign policy. And, as always, it’s an honor to be here today.
America’s leadership in the global economy is something we all care deeply about. And I want to thank Gideon and his Foreign Affairs team for publishing my essay on this topic.
The piece opens with a story about the difficulty of getting IMF quota reform through Congress. And it asks, why was it so hard?
Why was it so hard, and did it take five years to win approval at the end of last year? After all, the IMF has been a symbol of U.S. leadership since its birth at the end of World War II. And, along with the World Bank and the World Trade Organization, it’s provided the underlying architecture of a global economic system that’s helped produce remarkable gains over the past 70-plus years.
American leadership was essential to the creation of that system and the progress that it’s yielded. Yet, even though it’s supported the well-being of our citizens and has helped the United States advance our values and our foreign policy objectives, America’s global economic leadership has not always been popular here at home. In the case of IMF quota reform, it took five years to convince Congress, to act, a delay that led many in the international community to question America’s leadership position in the global economy.
The ultimate passage of IMF reform was pivotal, but it was just one of many important steps needed to sustain our economic leadership and adapt it to the challenges of our time.
We know that the global landscape of the next century will be very different than that of the postwar era. And if we want it to work for the American people, we need to embrace new players on the global economic stage and make sure that they meet the standards of the system we created, and that we have a strong say in any new standards. The worst possible outcome would be to step away from our leadership role and let others fill in behind us.
Making the case for global engagement is a responsibility we all share. And we must make the choices necessary to ensure both the future of the international architecture we built and America’s position in it.
Over the last year, the Obama administration has made significant progress advancing U.S. leadership in the global economy. We worked with Congress to secure IMF reform, Trade Promotion Authority, and the reauthorization of the Export-Import Bank. We reached agreement with our international partners on the Trans-Pacific Partnership, a landmark climate agreement, the Iran nuclear deal, and a stepped-up strategy to confront terrorist financing. But to ensure the benefits of our global role, that those benefits remain available in future generations, we have more work ahead of us.
Since its establishment in 1944, the Bretton Woods system of cooperation has evolved and endured by providing a foundation for mutual economic gain that could not be achieved by individual countries alone. Since 1950, real per-capita income worldwide has quadrupled, raising living standards for billions of people, extending life expectancies, and expanding access to education.
Clear rules for global economic relations create opportunities and incentives to innovate, invest, and work—the critical drivers of economic progress. But a system of mutual responsibility does not automatically enforce itself. It requires responsible American leadership. It also requires constant improvement to raise standards and create better mechanisms to ensure that countries keep their commitments, refrain from unfair competitive behavior, and cooperate to confront new challenges.
The rules-based system was a major reason that the global financial crisis never turned into a second Great Depression. The United States and other nations were able to coordinate efforts through the G-20 and the IMF to avoid the downward spiral of protectionism and predatory macroeconomic policies that characterized previous eras. The world’s major economies—the United States, the eurozone, Japan, and China—launched simultaneous economic stimulus programs and mobilized financial assistance to vulnerable parts of the global system. We’ve build on that cooperation in recent years to advance important U.S. goals, including the IMF’s response to fiscal stress caused by the Ebola epidemic in 2014 and its support for Ukraine following Russia’s aggression in Crimea.
The scale and speed of assistance in both instances would not have been possible if the United States had to act alone or to stitch together donor contributions. The simple fact is that international financial institutions amplify U.S. influence on the global stage.
We have also worked closely with partners to implement financial sanctions that show how this same global financial architecture can be used to persuade malign actors to abandon behavior that threatens peace and security. The Iran agreement is a direct result of the financial pressure imposed by an unprecedented global coalition. And we have and continue to work closely with our allies to impose costs on Russia for its actions in Ukraine, and on entities that are abetting North Korea’s nuclear violations.
But the benefits of international coordination and our international standing cannot be taken for granted, and we must take the necessary steps to preserve and strengthen our position. Responsible and sustainable U.S. leadership in the global economic system begins at home. And we have to lead by example, as we did by bouncing back from the financial crisis that threatened America’s place in the global economy.
The U.S. economy has now produced the longest streak of uninterrupted private-sector job growth in American history. Between 2009 and 2015, the budget deficit has declined from nearly 10 percent of GDP to 2 ½ percent. And improved financial regulation has helped to address the causes of the crisis, producing a better-capitalized and more stable financial system.
Yet, along the way, political brinksmanship led some to question America’s capacity to meet this moment of leadership. The threat of government shutdowns and default heightened global anxieties. And Washington’s inability to reach a consensus on domestic priorities such as rebuilding aging infrastructure and reforming the broken business tax code—priorities with bipartisan support—creates unnecessary risks to America’s future economic strength.
Recent advances—including multiyear budget targets, the passage of Trade Promotion Authority, and the reauthorization of the Export-Import Bank—have demonstrated that we have the capacity to work together to make important progress. But much more work remains.
Beyond our borders, the world’s economic challenges will not end with the current administration, nor will the ongoing agenda for U.S. leadership. And there are a number of priorities that we must continue to press.
http://ift.tt/1SkaFSl
The VIDEO on Link Might HELP You More if One doesn't like to READ.....LOL
http://ift.tt/1SkaFSl
Mountainman: Yes A NECESSARY REHASH......For WHAT we SEE TODAY and FORWARD w/The USA/CHINA/ IMF,IRAQ,and The NEW GLOBAL REALITY......CONNECT THE DOTS and "FOLLOW THE YELLOW BRICK ROAD".......IMO
Blessings,Mountainman (8)=New Beginnings......GLOBALLY
**************
Dinari131: Sadr's website
Crowds Flocked To Tahrir Square To Declare Its Support For The Call Leader Al-Sadr's "Million-Man Demonstration"
This Is WHY ???......O is Also On the MOVE=GLOBALLY....Not just "Because" the BREXIT and 9/11 Saudi Involvement......as the FINAL STAGES of the WHAT and WHY for The EURO,JAPAN,IRAN,IRAQ, and Others are FULFILLING their PARTS in this EVENT we {ALL} are watching UNFOLD......
(REMEMBER) Their is A Cause Which CREATES the EFFECT and The [REACTION] to Problem that BIRTHS the "SOLUTION".......And HERE we Are NOW.......IMO
Blessings,Mountainman (8)=New Beginnings.......For EVERYONE.......
**************
Why U.S. Economic Leadership Matters
The Case for U.S. Economic Leadership: A Conversation with Jacob J. Lew
International Economics April 11, 2016
Speaker:
Jacob J. Lew Secretary, U.S. Department of the Treasury
Presider: Sebastian Mallaby
Paul A. Volcker Senior Fellow For International Economics, Council on Foreign Relations
Transcript
MALLABY: Thank you all for being here this morning. My name is Sebastian Mallaby. I work here at the Council.
So I want to welcome you all to today’s CFR meeting. This is part of the Peter McColough Series on International Economics. I want to welcome also CFR members around the nation and the world participating in this meeting through livestream. I think you know this is going to be on the record.
There is an introduction and description of Mr.—of Secretary Lew’s bio, I think, in your packs. But just to say that he was sworn in as the 76th treasury secretary in 2013. Before that, he ran the OMB. And one thing I remember as being kind of relevant to what he’s going to be discussing today is, before that, in the early Obama administration when he was deputy secretary of state and running the first-ever sort of deep look at all the tools of development assistance across the U.S. government, the Quadrennial Development Review, shows that his involvement in these questions of the interaction between economics and statecraft is rather extensive.
So I’m going to welcome Secretary Lew up to the podium. And he’s going to speak for a bit, and then we’re going to have a conversation. Thank you.
LEW: Thanks very much, Sebastian, for that introduction, and for your leadership at the Council. This is a remarkable institution with a long history of intellectual influence on America’s foreign policy. And, as always, it’s an honor to be here today.
America’s leadership in the global economy is something we all care deeply about. And I want to thank Gideon and his Foreign Affairs team for publishing my essay on this topic.
The piece opens with a story about the difficulty of getting IMF quota reform through Congress. And it asks, why was it so hard?
Why was it so hard, and did it take five years to win approval at the end of last year? After all, the IMF has been a symbol of U.S. leadership since its birth at the end of World War II. And, along with the World Bank and the World Trade Organization, it’s provided the underlying architecture of a global economic system that’s helped produce remarkable gains over the past 70-plus years.
American leadership was essential to the creation of that system and the progress that it’s yielded. Yet, even though it’s supported the well-being of our citizens and has helped the United States advance our values and our foreign policy objectives, America’s global economic leadership has not always been popular here at home. In the case of IMF quota reform, it took five years to convince Congress, to act, a delay that led many in the international community to question America’s leadership position in the global economy.
The ultimate passage of IMF reform was pivotal, but it was just one of many important steps needed to sustain our economic leadership and adapt it to the challenges of our time.
We know that the global landscape of the next century will be very different than that of the postwar era. And if we want it to work for the American people, we need to embrace new players on the global economic stage and make sure that they meet the standards of the system we created, and that we have a strong say in any new standards. The worst possible outcome would be to step away from our leadership role and let others fill in behind us.
Making the case for global engagement is a responsibility we all share. And we must make the choices necessary to ensure both the future of the international architecture we built and America’s position in it.
Over the last year, the Obama administration has made significant progress advancing U.S. leadership in the global economy. We worked with Congress to secure IMF reform, Trade Promotion Authority, and the reauthorization of the Export-Import Bank. We reached agreement with our international partners on the Trans-Pacific Partnership, a landmark climate agreement, the Iran nuclear deal, and a stepped-up strategy to confront terrorist financing. But to ensure the benefits of our global role, that those benefits remain available in future generations, we have more work ahead of us.
Since its establishment in 1944, the Bretton Woods system of cooperation has evolved and endured by providing a foundation for mutual economic gain that could not be achieved by individual countries alone. Since 1950, real per-capita income worldwide has quadrupled, raising living standards for billions of people, extending life expectancies, and expanding access to education.
Clear rules for global economic relations create opportunities and incentives to innovate, invest, and work—the critical drivers of economic progress. But a system of mutual responsibility does not automatically enforce itself. It requires responsible American leadership. It also requires constant improvement to raise standards and create better mechanisms to ensure that countries keep their commitments, refrain from unfair competitive behavior, and cooperate to confront new challenges.
The rules-based system was a major reason that the global financial crisis never turned into a second Great Depression. The United States and other nations were able to coordinate efforts through the G-20 and the IMF to avoid the downward spiral of protectionism and predatory macroeconomic policies that characterized previous eras. The world’s major economies—the United States, the eurozone, Japan, and China—launched simultaneous economic stimulus programs and mobilized financial assistance to vulnerable parts of the global system. We’ve build on that cooperation in recent years to advance important U.S. goals, including the IMF’s response to fiscal stress caused by the Ebola epidemic in 2014 and its support for Ukraine following Russia’s aggression in Crimea.
The scale and speed of assistance in both instances would not have been possible if the United States had to act alone or to stitch together donor contributions. The simple fact is that international financial institutions amplify U.S. influence on the global stage.
We have also worked closely with partners to implement financial sanctions that show how this same global financial architecture can be used to persuade malign actors to abandon behavior that threatens peace and security. The Iran agreement is a direct result of the financial pressure imposed by an unprecedented global coalition. And we have and continue to work closely with our allies to impose costs on Russia for its actions in Ukraine, and on entities that are abetting North Korea’s nuclear violations.
But the benefits of international coordination and our international standing cannot be taken for granted, and we must take the necessary steps to preserve and strengthen our position. Responsible and sustainable U.S. leadership in the global economic system begins at home. And we have to lead by example, as we did by bouncing back from the financial crisis that threatened America’s place in the global economy.
The U.S. economy has now produced the longest streak of uninterrupted private-sector job growth in American history. Between 2009 and 2015, the budget deficit has declined from nearly 10 percent of GDP to 2 ½ percent. And improved financial regulation has helped to address the causes of the crisis, producing a better-capitalized and more stable financial system.
Yet, along the way, political brinksmanship led some to question America’s capacity to meet this moment of leadership. The threat of government shutdowns and default heightened global anxieties. And Washington’s inability to reach a consensus on domestic priorities such as rebuilding aging infrastructure and reforming the broken business tax code—priorities with bipartisan support—creates unnecessary risks to America’s future economic strength.
Recent advances—including multiyear budget targets, the passage of Trade Promotion Authority, and the reauthorization of the Export-Import Bank—have demonstrated that we have the capacity to work together to make important progress. But much more work remains.
Beyond our borders, the world’s economic challenges will not end with the current administration, nor will the ongoing agenda for U.S. leadership. And there are a number of priorities that we must continue to press.
http://ift.tt/1SkaFSl
The VIDEO on Link Might HELP You More if One doesn't like to READ.....LOL
http://ift.tt/1SkaFSl
Mountainman: Yes A NECESSARY REHASH......For WHAT we SEE TODAY and FORWARD w/The USA/CHINA/ IMF,IRAQ,and The NEW GLOBAL REALITY......CONNECT THE DOTS and "FOLLOW THE YELLOW BRICK ROAD".......IMO
Blessings,Mountainman (8)=New Beginnings......GLOBALLY
**************
Dinari131: Sadr's website
Crowds Flocked To Tahrir Square To Declare Its Support For The Call Leader Al-Sadr's "Million-Man Demonstration"
It flowed into the crowd supporting Iraqi popular revolution to Tahrir Square to declare its support for the call of Sayyed leader Muqtada al - Sadr (God Aazza) to demonstratethe two million on Monday to put pressure on the Iraqi parliament to vote on theindependent ministerial cabin start comprehensive reform in all state institutions.
Where thrown words national and poems within the activities of Liberation Square series and participated in the vigil team cubs Iraq and graduates of Imam Kadhim College (peace be upon him) media department and a delegation representing Iraq 'sdoctors and delegations from Iraqi tribes authentic and that crystallized all in supportof reform and his support and willingness to stand by the Iraqi people 's revolution
http://ift.tt/1SkaEhh
*******************************
WingIt:
VioletCircle: IMF gives Zim reforms thumbs-up
April 23, 2016
Lloyd Gumbo Senior Reporter—
The International Monetary Fund mission to Zimbabwe is satisfied with the pace of economic reforms being carried out by Zimbabwe, a Government minister has revealed, saying the development could lead to be opening of new lines of credit to finance strategic sectors such as agriculture.Finance and Economic Development Minister Patrick Chinamasa said this at a Press conference on Zimbabwe’s preparedness to host the African Capacity Building Foundation 25th anniversary in the first week of May in Harare.
Zimbabwe was under a 15-month IMF Staff Monitored Programme to December last year during which the Bretton Woods institution wanted to see set targets in economic management met.
“The IMF mission team was in the country in February to March to assess whether we had met our targets — structural and quantitative — for end of December as well as to conduct Article IV consultations,” said Minister Chinamasa.
“They came and did those assessments and consultations. Their report is very positive that we met our targets and that we are on course in terms of improving our macro-economic management.
“That is what is going to attract investors into the country, that we are sound managers of our economy. They gave us a clean bill of health with respect to targets that we had set for ourselves to meet at the end of December.”
Minister Chinamasa said the country had gone beyond the IMF mission’s expectations, particularly on activities outside its Staff Monitored Programme. These include evaluation for compensation of farms that Government compulsorily acquired from white farmers under the land reform programme and remapping of land ahead of the issuance of 99-year leases with provisions for collateral.
“As I have always hammered day in and day out, that is, any reforms we carry out are not for anybody, they are not to please anybody. These are for the interests of our country in order to be good, sound managers,” said Minister Chinamasa.
“The IMF board is going to sit on the 2nd of May (in a fortnight’s time) to receive the report of the mission, which is positive. It’s just to receive and not to review or anything else. It’s just to receive the report on the targets and Article IV consultations,” he said.
“We cannot envisage a situation where the board will query the mission with respect to their report. So we are quite optimistic that the report will be received well by the board,” said Minister Chinamasa.
He said thereafter, Government would start operationalising its debt clearance strategy. Zimbabwe owes the African Development Bank about $600 million, the World Bank over $1 billion and the International Monetary Fund about $120 million.
Minister Chinamasa said they expected the three creditors to consider Zimbabwe’s debt clearance strategy by November this year.
“Also, between now and then, we are going to work feverishly to come up with a new financing programme on the basis of which we hope, if we clear our arrears in tandem, as reciprocation, we should get new financing to support those sectors of our economy which we think, if supported, can have a transformative impact on our economic recovery,” Minister Chinamasa said.
“Primarily, we are looking at agriculture. We are also looking at private sector growth. We are now going to give impetus to parastatal reform and to build capacity for all that is done by officials from here (Ministry of Finance), and that capacity was built through the assistance of ACBF,” he said.
He said Treasury and the central bank were also developing a new country financing programme with the assistance of the IMF, the World Bank and the African Development Bank.
“We need to restore our economy to a level where it can pay its debts. Currently we are not paying. This country financing programme is to be able to finance those sectors in order for them to grow and build the country’s capacity to pay its debts both past and current,” said Minister Chinamasa.
The minister said there were positive economic developments happening in the country as alluded to by President Mugabe during his speech at the 36th Independence anniversary celebrations on Monday.
Minister Chinamasa said the current liquidity challenges facing the country were temporary, adding that Government had taken a deliberate move to ensure money was banked, including payments to farmers. He said this was applicable to tobacco farmers, those who will deliver their grain to the Grain Marketing Board and cotton farmers.
Minister Chinamasa implored the media to also focus on positive developments happening in the country instead of being obsessed with negativity.
http://ift.tt/1YNgbxh
Where thrown words national and poems within the activities of Liberation Square series and participated in the vigil team cubs Iraq and graduates of Imam Kadhim College (peace be upon him) media department and a delegation representing Iraq 'sdoctors and delegations from Iraqi tribes authentic and that crystallized all in supportof reform and his support and willingness to stand by the Iraqi people 's revolution
http://ift.tt/1SkaEhh
*******************************
WingIt:
VioletCircle: IMF gives Zim reforms thumbs-up
April 23, 2016
Lloyd Gumbo Senior Reporter—
The International Monetary Fund mission to Zimbabwe is satisfied with the pace of economic reforms being carried out by Zimbabwe, a Government minister has revealed, saying the development could lead to be opening of new lines of credit to finance strategic sectors such as agriculture.Finance and Economic Development Minister Patrick Chinamasa said this at a Press conference on Zimbabwe’s preparedness to host the African Capacity Building Foundation 25th anniversary in the first week of May in Harare.
Zimbabwe was under a 15-month IMF Staff Monitored Programme to December last year during which the Bretton Woods institution wanted to see set targets in economic management met.
“The IMF mission team was in the country in February to March to assess whether we had met our targets — structural and quantitative — for end of December as well as to conduct Article IV consultations,” said Minister Chinamasa.
“They came and did those assessments and consultations. Their report is very positive that we met our targets and that we are on course in terms of improving our macro-economic management.
“That is what is going to attract investors into the country, that we are sound managers of our economy. They gave us a clean bill of health with respect to targets that we had set for ourselves to meet at the end of December.”
Minister Chinamasa said the country had gone beyond the IMF mission’s expectations, particularly on activities outside its Staff Monitored Programme. These include evaluation for compensation of farms that Government compulsorily acquired from white farmers under the land reform programme and remapping of land ahead of the issuance of 99-year leases with provisions for collateral.
“As I have always hammered day in and day out, that is, any reforms we carry out are not for anybody, they are not to please anybody. These are for the interests of our country in order to be good, sound managers,” said Minister Chinamasa.
“The IMF board is going to sit on the 2nd of May (in a fortnight’s time) to receive the report of the mission, which is positive. It’s just to receive and not to review or anything else. It’s just to receive the report on the targets and Article IV consultations,” he said.
“We cannot envisage a situation where the board will query the mission with respect to their report. So we are quite optimistic that the report will be received well by the board,” said Minister Chinamasa.
He said thereafter, Government would start operationalising its debt clearance strategy. Zimbabwe owes the African Development Bank about $600 million, the World Bank over $1 billion and the International Monetary Fund about $120 million.
Minister Chinamasa said they expected the three creditors to consider Zimbabwe’s debt clearance strategy by November this year.
“Also, between now and then, we are going to work feverishly to come up with a new financing programme on the basis of which we hope, if we clear our arrears in tandem, as reciprocation, we should get new financing to support those sectors of our economy which we think, if supported, can have a transformative impact on our economic recovery,” Minister Chinamasa said.
“Primarily, we are looking at agriculture. We are also looking at private sector growth. We are now going to give impetus to parastatal reform and to build capacity for all that is done by officials from here (Ministry of Finance), and that capacity was built through the assistance of ACBF,” he said.
He said Treasury and the central bank were also developing a new country financing programme with the assistance of the IMF, the World Bank and the African Development Bank.
“We need to restore our economy to a level where it can pay its debts. Currently we are not paying. This country financing programme is to be able to finance those sectors in order for them to grow and build the country’s capacity to pay its debts both past and current,” said Minister Chinamasa.
The minister said there were positive economic developments happening in the country as alluded to by President Mugabe during his speech at the 36th Independence anniversary celebrations on Monday.
Minister Chinamasa said the current liquidity challenges facing the country were temporary, adding that Government had taken a deliberate move to ensure money was banked, including payments to farmers. He said this was applicable to tobacco farmers, those who will deliver their grain to the Grain Marketing Board and cotton farmers.
Minister Chinamasa implored the media to also focus on positive developments happening in the country instead of being obsessed with negativity.
http://ift.tt/1YNgbxh
Emailed To Recaps:
Why US Government And Saudi Arabia Don't Want Americans Knowing The Truth About 9/11
Submitted by Tyler Durden on 04/22/2016 20:50 -0400
In a rare show of bipartisanship, President Obama and top Republicans in Congress have come together to shield Americans from knowing the truth about who was behind the 9/11 terror attacks, which took the lives of 2996 people in 2001. However strange it is for neoconservative members of Congress to agree with Obama on anything, there is no doubt the issue must be serious if it warrants this level of partnership.
The issue at hand is the classified, 28-page section of the 9/11 commission report, which many experts and politicians with knowledge of the documents have said point to Saudi Arabian government officials’ direct role in the terror attacks. This is why the Saudis put out a stern warning several days ago threatening to dump up to $750 billion in U.S. assets if Senate Bill 2040 becomes law; S.B. 2040 would make public the 28 pages and also allow for victims of 9/11 to sue foreign governments found responsible.
The Saudis’ warning seems to have worked, with Obama now in the nation to “mend ties” with the monarchy and top Republicans sounding the alarm about the 9/11 bill. In an interview with Charlie Rose, President Obama claimed:
“If we open up the possibility that individuals in the United States can routinely start suing other governments, then we are also opening up the United States to being continually sued by individuals in other countries,” apparently referencing the U.S.’ own attacks overseas that have taken the lives of countless civilians.
Currently, Saudi Arabia enjoys “sovereign immunity” with the U.S., meaning even if the 28 pages proved Saudi officials were indeed behind the 9/11 attacks, Americans would not be able to seek justice for their losses. The new 9/11 bill would change that, and the Saudi response to the legislation moving through Congress reinforces suspicions the kingdom is somehow behind the 9/11 attacks.
The video below further explains why both Saudi Arabia and members of the U.S. government don’t want the 9/11 bill to pass:
https://youtu.be/aHrzIyGTcvs
Why US Government And Saudi Arabia Don't Want Americans Knowing The Truth About 9/11
Submitted by Tyler Durden on 04/22/2016 20:50 -0400
In a rare show of bipartisanship, President Obama and top Republicans in Congress have come together to shield Americans from knowing the truth about who was behind the 9/11 terror attacks, which took the lives of 2996 people in 2001. However strange it is for neoconservative members of Congress to agree with Obama on anything, there is no doubt the issue must be serious if it warrants this level of partnership.
The issue at hand is the classified, 28-page section of the 9/11 commission report, which many experts and politicians with knowledge of the documents have said point to Saudi Arabian government officials’ direct role in the terror attacks. This is why the Saudis put out a stern warning several days ago threatening to dump up to $750 billion in U.S. assets if Senate Bill 2040 becomes law; S.B. 2040 would make public the 28 pages and also allow for victims of 9/11 to sue foreign governments found responsible.
The Saudis’ warning seems to have worked, with Obama now in the nation to “mend ties” with the monarchy and top Republicans sounding the alarm about the 9/11 bill. In an interview with Charlie Rose, President Obama claimed:
“If we open up the possibility that individuals in the United States can routinely start suing other governments, then we are also opening up the United States to being continually sued by individuals in other countries,” apparently referencing the U.S.’ own attacks overseas that have taken the lives of countless civilians.
Currently, Saudi Arabia enjoys “sovereign immunity” with the U.S., meaning even if the 28 pages proved Saudi officials were indeed behind the 9/11 attacks, Americans would not be able to seek justice for their losses. The new 9/11 bill would change that, and the Saudi response to the legislation moving through Congress reinforces suspicions the kingdom is somehow behind the 9/11 attacks.
The video below further explains why both Saudi Arabia and members of the U.S. government don’t want the 9/11 bill to pass:
https://youtu.be/aHrzIyGTcvs
via Dinar Recaps - Our Blog http://ift.tt/1SkaExv
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