Post From BondLadys Corner
BondLady & Tlm724 News & Comments 5-16-16 Part 2 of 2
World Bank loans require financial control over Iraq and opposition Aaduha "detraction of national sovereignty."
Author: HH, ZJ Editor: BK, HH 5/16/2016 13:24 Long-Presse / Baghdad I went back to the Committee of Economy and Parliamentary investment, on Monday, the demands of the International Monetary Fund of Iraq to agree to lend him "do not constitute conditions" but a vision to address the economic crisis being includes a reduction in spending and focus on productive sectors to enhance budgetary resources,
while external borrowing experts who impose conditions, notably opposed "international financial control over Iraq," the enemy "detraction of national sovereignty", specialists stressed that "it is necessary" to cope with the economic fallout. "
~~~
BondLady & Tlm724 News & Comments 5-16-16 Part 2 of 2
World Bank loans require financial control over Iraq and opposition Aaduha "detraction of national sovereignty."
Author: HH, ZJ Editor: BK, HH 5/16/2016 13:24 Long-Presse / Baghdad I went back to the Committee of Economy and Parliamentary investment, on Monday, the demands of the International Monetary Fund of Iraq to agree to lend him "do not constitute conditions" but a vision to address the economic crisis being includes a reduction in spending and focus on productive sectors to enhance budgetary resources,
while external borrowing experts who impose conditions, notably opposed "international financial control over Iraq," the enemy "detraction of national sovereignty", specialists stressed that "it is necessary" to cope with the economic fallout. "
~~~
The Iraqi delegation, headed by the Finance Minister, Hoshyar Zebari, and the membership of the Prime Minister for Financial Affairs Adviser, the appearance of Mohammed Saleh, and the central bank governor and the agency, on the Keywords, and a large group of specialists in the ministries of oil, finance, planning and electricity, as well as the central bank, is negotiating with the IMF international currently, in Amman, Jordan, to get soft loans.
The Chairman of the Committee on Economy and Investment parliamentary Jawad al-Bolani, said in an interview to the (long-Presse), "The IMF did not impose conditions on Iraq in return for lending, as some believe, but gave a vision to address the significant problems faced by the national economy as a result of its dependence on oil only "noting that" the fund wants the Iraqi government to reduce its spending and concentrated on the productive sectors to enhance budgetary resources. "
He said al-Bolani, that "the Prime Minister Haider al-Abadi, said that state resources sufficient to cover the salaries only," returned that "the solution is that government departments rely on imports, and to be a productive state, as well as edit taxes and activating the industrial and agricultural sectors."
And he approved the Chairman of the Committee, "the existence of points of mistakes taking advantage of the survival of Iraq under the financial and economic pressure, and that the budget did not achieve its goals of being political," adding that "the international economic institutions want to be an economic goal of Iraq's budget and that the pressure is on certain aspects to improve performance ".
For his part, economist Ahmed Rehn, said in an interview to the (long-Presse), "The loans that Iraq sought to obtain it from the International Monetary Fund and major industrial countries, remains limited compared to the size of domestic spending," pointing out that "the International Monetary Fund imposed by the custom conditions States that lend may not be consistent with Iraq's economic and financial situation. "
He said Rehn, that "Iraq should be planned on not to resort again to international financial institutions," but he also said, "Unfortunately, the government is determined to deal with those institutions since 2003, and so far, although they dictate its terms to the state that deal with it."
He declined an economist, "the imposition of any international financial control over Iraq," returned that "it constitutes a derogation of national sovereignty."
In turn, the economic expert on behalf of Antoine, in an interview to the (long-Presse), said that "Iraq's oil exports has exceeded three million barrels a day, and there are expectations of an increase of the price of crude allowing salaries of state employees insurance."
Antoine said, "The Iraqi government obligations and deficits that nearly 16 percent of GDP, worsening economic hardships," and expressed regret over the fact that "the Iraqi government has not been able to transform the economy from the oil yield to the agricultural industry."
The economist, on "Iraq's need for international loans," noting that it was "natural that puts the IMF conditions and watching any loans the country's economy, and that this does not constitute a violation of the rule, as some believe."
He pointed out Antoine, that "the imposition of taxes and the application of the tariff law may believe resource plus oil," but he also said, "But the economic crisis remain valid in light of population growth and the requirements of infrastructure, which requires orientation to get soft loans from both the International Monetary Fund or the Bank Islamic development or from the inside. "
For his part, head of the Iraqi Economists Association Abdul Hussein al-Yasiri, in an interview to the (long-Presse), "The International Monetary Fund puts conditions on any country lends a guarantee of his money," adding that those "conditions that balancing the country concerned should be transparent, and that the disposal of funds the things are very necessary, and to be financial decisions taken by the Government of that country that are reasonable. "
Yasiri pointed out that "Iraq has begun to achieve those conditions," and expressed optimism that "Iraq overcome the current economic crisis as working to increase the production of wheat, a substance that believes in the economic situation and food."
Promised Prime Iraqis Economists Association, that "the conditions of the International Monetary Fund is not a dilemma, despite the arbitrariness sometimes, as long as Iraq was developing his economic policy," stressing that "the delegation of Iraq, which is negotiating the fund houses keen interest of the country significant economic expertise, and will not accept any arbitrary conditions." .
Financial advisor to the Prime Minister, the appearance of Mohammed Saleh, was announced on Saturday (14 May 2016), that Iraq sought to borrow $ 16 billion through the preliminary meetings with the International Monetary Fund.
Saleh, said in an interview to the (long-Presse), in the (26th January 2016), that Iraq has agreed with the International Monetary Fund for long-term soft loans for the implementation of development projects, noting that the fund is among other conditions, the government expenses and modified some procedures related to economic policies, while counting economist that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.
It is said that Iraq declared in the (13th January 2016), the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves, indicating that this means reducing those reserves from $ 59 billion the end of October 2015 the past, to 43 billion during the current year. LINK
Shredd: This is all about the need for Iraq to be diversified in its outputs. Agriculture is a big one and as we saw last week in the marsh articles, the land continues to be restored to produce. When Iraq is more diversified, it will be able to financially survive the swings in the oil prices.
_________________
"Do not wear yourself out to get rich" - Proverbs 23:4
[tlm724] Shredd I agree with your comments let me show them
Shredd = This is all about the need for Iraq to be diversified in its outputs. Agriculture is a big one and as we saw last week in the marsh articles, the land continues to be restored to produce. When Iraq is more diversified, it will be able to financially survive the swings in the oil prices.
[tlm724] heres my take
[tlm724] the demands of the International Monetary Fund of Iraq to agree to lend him "do not constitute conditions" but a vision to address the economic crisis
[tlm724] so this is saying it's a vision not set conditions per se
[tlm724] well lets look at it this way, IF Iraq wants the loans they must prove themselves worthy no ?
[cstacy] right
[tlm724] the IMF has set conditions no matter what this says
[cat] uh huh
[tlm724] Iraq is striving to accept article 8 and there are conditions to that
[tlm724] over the last several months the IMF has indeed set condtions as has the World Bank
[tlm724] so with that said I believe Iraq is at a crossroads, they have to make certain decisions regarding the state of their economy as Shredd pointed out
[tlm724] it's so critical and again they must prove themselves worthy of continued international support
[tlm724] the IMF and the World Bank aren't going to loan Iraq more moeny if that money is going to slip out the back door
[tlm724] there has to be certain safeguards in place first, guarantees if you will of their investment
[tlm724] and it is an investment even if it is loans Iraq will have to pay it back at some point right Shredd ?
[Shredd] exactly and a lender won't lend if they didn't believe in or trust repayment
[tlm724] right Shredd ! ty
[tlm724] we know the IMF has taken lead in their economy and we know the UNDP has taken the lead on funds recovery and corruption
[tlm724] so if Iraq can come together politically and I pray they do, then we will have a more favorable (stable) atmosphere for continued economic growth and knowing these 3 letters agencies are there to hold Iraq's hand gives me great hope
tlm724: Just want to show this article from the 11th:
Abadi confirms possession of his government's strategies to meet the economic challenge
11/05/2016 18:33 Chaired by Prime Minister Haider al - Abadi meeting on Wednesday, with the agents and the general directors in the financial, oil, planning and electricity and the central bank in the presence of Finance Minister Hoshyar Zebari and ministries.
It was discussed during the meeting to prepare agreement Alantmaia with the International Monetary Fund and the ongoing negotiations around the strategies and plans of the government for the promotion of sectors.
He Prime Minister Dr. Haider al - Abadi said the government aims to reform is essential for the state within the policy and program and plans have been developed in the public purview and there is international support for Iraq in this area.
He noted that the government has the vision and strategies to address the economic and financial challenge that Iraq is going through as a result of lower oil prices and reflect this thing gradually positively to the country and the citizen
http://ift.tt/1siYXgT
http://ift.tt/1TiqwkL
~~~~~~~~~~~~~~
The Chairman of the Committee on Economy and Investment parliamentary Jawad al-Bolani, said in an interview to the (long-Presse), "The IMF did not impose conditions on Iraq in return for lending, as some believe, but gave a vision to address the significant problems faced by the national economy as a result of its dependence on oil only "noting that" the fund wants the Iraqi government to reduce its spending and concentrated on the productive sectors to enhance budgetary resources. "
He said al-Bolani, that "the Prime Minister Haider al-Abadi, said that state resources sufficient to cover the salaries only," returned that "the solution is that government departments rely on imports, and to be a productive state, as well as edit taxes and activating the industrial and agricultural sectors."
And he approved the Chairman of the Committee, "the existence of points of mistakes taking advantage of the survival of Iraq under the financial and economic pressure, and that the budget did not achieve its goals of being political," adding that "the international economic institutions want to be an economic goal of Iraq's budget and that the pressure is on certain aspects to improve performance ".
For his part, economist Ahmed Rehn, said in an interview to the (long-Presse), "The loans that Iraq sought to obtain it from the International Monetary Fund and major industrial countries, remains limited compared to the size of domestic spending," pointing out that "the International Monetary Fund imposed by the custom conditions States that lend may not be consistent with Iraq's economic and financial situation. "
He said Rehn, that "Iraq should be planned on not to resort again to international financial institutions," but he also said, "Unfortunately, the government is determined to deal with those institutions since 2003, and so far, although they dictate its terms to the state that deal with it."
He declined an economist, "the imposition of any international financial control over Iraq," returned that "it constitutes a derogation of national sovereignty."
In turn, the economic expert on behalf of Antoine, in an interview to the (long-Presse), said that "Iraq's oil exports has exceeded three million barrels a day, and there are expectations of an increase of the price of crude allowing salaries of state employees insurance."
Antoine said, "The Iraqi government obligations and deficits that nearly 16 percent of GDP, worsening economic hardships," and expressed regret over the fact that "the Iraqi government has not been able to transform the economy from the oil yield to the agricultural industry."
The economist, on "Iraq's need for international loans," noting that it was "natural that puts the IMF conditions and watching any loans the country's economy, and that this does not constitute a violation of the rule, as some believe."
He pointed out Antoine, that "the imposition of taxes and the application of the tariff law may believe resource plus oil," but he also said, "But the economic crisis remain valid in light of population growth and the requirements of infrastructure, which requires orientation to get soft loans from both the International Monetary Fund or the Bank Islamic development or from the inside. "
For his part, head of the Iraqi Economists Association Abdul Hussein al-Yasiri, in an interview to the (long-Presse), "The International Monetary Fund puts conditions on any country lends a guarantee of his money," adding that those "conditions that balancing the country concerned should be transparent, and that the disposal of funds the things are very necessary, and to be financial decisions taken by the Government of that country that are reasonable. "
Yasiri pointed out that "Iraq has begun to achieve those conditions," and expressed optimism that "Iraq overcome the current economic crisis as working to increase the production of wheat, a substance that believes in the economic situation and food."
Promised Prime Iraqis Economists Association, that "the conditions of the International Monetary Fund is not a dilemma, despite the arbitrariness sometimes, as long as Iraq was developing his economic policy," stressing that "the delegation of Iraq, which is negotiating the fund houses keen interest of the country significant economic expertise, and will not accept any arbitrary conditions." .
Financial advisor to the Prime Minister, the appearance of Mohammed Saleh, was announced on Saturday (14 May 2016), that Iraq sought to borrow $ 16 billion through the preliminary meetings with the International Monetary Fund.
Saleh, said in an interview to the (long-Presse), in the (26th January 2016), that Iraq has agreed with the International Monetary Fund for long-term soft loans for the implementation of development projects, noting that the fund is among other conditions, the government expenses and modified some procedures related to economic policies, while counting economist that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.
It is said that Iraq declared in the (13th January 2016), the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves, indicating that this means reducing those reserves from $ 59 billion the end of October 2015 the past, to 43 billion during the current year. LINK
Shredd: This is all about the need for Iraq to be diversified in its outputs. Agriculture is a big one and as we saw last week in the marsh articles, the land continues to be restored to produce. When Iraq is more diversified, it will be able to financially survive the swings in the oil prices.
_________________
"Do not wear yourself out to get rich" - Proverbs 23:4
[tlm724] Shredd I agree with your comments let me show them
Shredd = This is all about the need for Iraq to be diversified in its outputs. Agriculture is a big one and as we saw last week in the marsh articles, the land continues to be restored to produce. When Iraq is more diversified, it will be able to financially survive the swings in the oil prices.
[tlm724] heres my take
[tlm724] the demands of the International Monetary Fund of Iraq to agree to lend him "do not constitute conditions" but a vision to address the economic crisis
[tlm724] so this is saying it's a vision not set conditions per se
[tlm724] well lets look at it this way, IF Iraq wants the loans they must prove themselves worthy no ?
[cstacy] right
[tlm724] the IMF has set conditions no matter what this says
[cat] uh huh
[tlm724] Iraq is striving to accept article 8 and there are conditions to that
[tlm724] over the last several months the IMF has indeed set condtions as has the World Bank
[tlm724] so with that said I believe Iraq is at a crossroads, they have to make certain decisions regarding the state of their economy as Shredd pointed out
[tlm724] it's so critical and again they must prove themselves worthy of continued international support
[tlm724] the IMF and the World Bank aren't going to loan Iraq more moeny if that money is going to slip out the back door
[tlm724] there has to be certain safeguards in place first, guarantees if you will of their investment
[tlm724] and it is an investment even if it is loans Iraq will have to pay it back at some point right Shredd ?
[Shredd] exactly and a lender won't lend if they didn't believe in or trust repayment
[tlm724] right Shredd ! ty
[tlm724] we know the IMF has taken lead in their economy and we know the UNDP has taken the lead on funds recovery and corruption
[tlm724] so if Iraq can come together politically and I pray they do, then we will have a more favorable (stable) atmosphere for continued economic growth and knowing these 3 letters agencies are there to hold Iraq's hand gives me great hope
tlm724: Just want to show this article from the 11th:
Abadi confirms possession of his government's strategies to meet the economic challenge
11/05/2016 18:33 Chaired by Prime Minister Haider al - Abadi meeting on Wednesday, with the agents and the general directors in the financial, oil, planning and electricity and the central bank in the presence of Finance Minister Hoshyar Zebari and ministries.
It was discussed during the meeting to prepare agreement Alantmaia with the International Monetary Fund and the ongoing negotiations around the strategies and plans of the government for the promotion of sectors.
He Prime Minister Dr. Haider al - Abadi said the government aims to reform is essential for the state within the policy and program and plans have been developed in the public purview and there is international support for Iraq in this area.
He noted that the government has the vision and strategies to address the economic and financial challenge that Iraq is going through as a result of lower oil prices and reflect this thing gradually positively to the country and the citizen
http://ift.tt/1siYXgT
http://ift.tt/1TiqwkL
~~~~~~~~~~~~~~
Parliamentary Economy: No conditions of international criticism on Iraq loan
16/05/2016 10:22 | Press direction - Special Committee of economy and investment representative confirmed that there are no pre-conditions of the International Monetary Fund to grant the loan for Iraq, but only an economic and guidance instructions to go to a yield of economy diversified economy.
Committee member Abdul-Karim al-Naqib said in an interview for "direction Press," he said there are no specific terms by the International Monetary Fund to loan that Iraq intends to get it, but economic and guidance guidance to emerge from the current financial crisis, to go from an economy yield to a diversified economy and a variety of sources of income, noting that the fund waiting for Iraq's commitment in order to achieve sustainable development of the country.[/rtl]
He added that the International Fund will emphasize the reduction of government spending and increase the investment budget and diversify sources of national income of the country.[/rtl]
The central bank said in March that Iraq would soon meet with the IMF to obtain a long-term loan, noting that Iraq has the right to give assistance and convenience when going through a crisis.[/rtl]
Lucan and the bank's governor said on the Keywords, said that «Iraq is about to meet soon with the IMF and the World Bank and the countries of the seven industrial agreement for giving us a long-term loan of billions of dollars and soft interest».[/rtl]
He pointed out that «the central bank and the finance ministry forward a range of measures for these actors about it». http://ift.tt/1siYYRP
tlm724 Committee member Abdul-Karim al-Naqib said in an interview for "direction Press," he said there are no specific terms by the International Monetary Fund to loan that Iraq intends to get it, but economic and guidance guidance to emerge from the current financial crisis, to go from an economy yield to a diversified economy and a variety of sources of income, noting that the fund waiting for Iraq's commitment in order to achieve sustainable development of the country.
the central bank and the finance ministry forward a range of measures for these actors about it
http://ift.tt/1TiqyJv
Parliamentary Economy: No conditions of international criticism on Iraq loan
16/05/2016 10:22 | Press direction - Special Committee of economy and investment representative confirmed that there are no pre-conditions of the International Monetary Fund to grant the loan for Iraq, but only an economic and guidance instructions to go to a yield of economy diversified economy.
Committee member Abdul-Karim al-Naqib said in an interview for "direction Press," he said there are no specific terms by the International Monetary Fund to loan that Iraq intends to get it, but economic and guidance guidance to emerge from the current financial crisis, to go from an economy yield to a diversified economy and a variety of sources of income, noting that the fund waiting for Iraq's commitment in order to achieve sustainable development of the country.[/rtl]
He added that the International Fund will emphasize the reduction of government spending and increase the investment budget and diversify sources of national income of the country.[/rtl]
The central bank said in March that Iraq would soon meet with the IMF to obtain a long-term loan, noting that Iraq has the right to give assistance and convenience when going through a crisis.[/rtl]
Lucan and the bank's governor said on the Keywords, said that «Iraq is about to meet soon with the IMF and the World Bank and the countries of the seven industrial agreement for giving us a long-term loan of billions of dollars and soft interest».[/rtl]
He pointed out that «the central bank and the finance ministry forward a range of measures for these actors about it». http://ift.tt/1siYYRP
tlm724 Committee member Abdul-Karim al-Naqib said in an interview for "direction Press," he said there are no specific terms by the International Monetary Fund to loan that Iraq intends to get it, but economic and guidance guidance to emerge from the current financial crisis, to go from an economy yield to a diversified economy and a variety of sources of income, noting that the fund waiting for Iraq's commitment in order to achieve sustainable development of the country.
the central bank and the finance ministry forward a range of measures for these actors about it
http://ift.tt/1TiqyJv
via Dinar Recaps - Our Blog http://ift.tt/1siZ1gt
No comments:
Post a Comment