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Thursday, June 23, 2016

Aggiedad77 at KTFA Thursday Afternoon 6-23-16

KTFA:

Aggiedad77:  Oh the volcano erupts and blows the top of the mountain off.....IMF loans paving way here it seems for Iraqi inclusion with international standards..(see article below) ...what has Frank been teaching the last 3 or 4 CC's.....this very idea.....IHO....well here it stands before us today.....waking up and finding oneself engrossed in an international system.....working within international standards.....

Rest assured that the IMF does nothing on a lark......they are like a bank.....they want a return on their investment....these loans they make to Iraq......they know they must hold "junior's" hand.....excuse me his ear.....to make sure he walks as he is supposed to....that he not only washes his hands and face....that he washes behind his ears too.....that he brushes his teeth and combs his hair......

March to the IMF tune they will if they expect to get these loans......march into the implementation of international standards.....they must......the BEST is yet to come.....soon.     Aloha    Randy
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Walkingstick:   Parliamentary investment: international loan will need to be Iraq's compulsory international economic conditions and standards
 
BAGHDAD / ... take it for economic and investment commission member of the parliamentary Ahmed Kanani, Thursday, borrowing from the International Monetary Fund, a step in the right direction, it will contribute to subdue Iraq compulsory international economic standards.
 
He said Kanani's "Eye of Iraq News," that "the international conditions of the loan will join the administrative affairs of the Iraqi economic system, in terms of customs duties and treat foreign companies with investment, as well as how the money, benefits and expenses of operating, investing Almoisntin management."
 
"The IMF's condition when lending Iraq to stop the grades, they bear an additional burden on the public budget."
 
He added that "borrowing from the International Monetary Fund makes Iraq mandatory international standards and is committed to the conditions."
 
Kanani said that "The IMF loan is a positive step in the situation in Iraq under the international system, which applies economic criteria that serve the Iraqi economic reality" .anthy 3

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Aggiedad77:  Frank.....like the old oil that is entombed in the USS Arizona leaks out one drop at a time.....the Iraqi's are "leaking" out info regarding their loan process with the IMF one small tidbit at a time.....

Here we see them speaking of stipulations of disbursement constraints, salary caps, and other things....and look again at the cast of Iraqi's who attended the meetings back in May.....all those ministers of various departments....why would they be at the meetings....because they were being told they have skin in this game and they had better "toe the mark" if they expect to see any of the IMF's money.....

This is not a time to say "if I do this"....this is a time for solidarity....a time to show great teamwork and effort to fulfill compliance with the IMF report card....it's time to run with the big dogs and get ready to play ball in the majors.....all IMO.   Aloha    Randy

Don961:  Parliamentary Finance calls to get ready for the coming years and calls for disclosure of loan negotiations

History of edits:: 06.23.2016 9:02

Parliamentary Finance calls to get ready for the coming years and calls for disclosure of loan negotiations

{Baghdad: Euphrates News} parliamentary Finance Committee called on the government to prepare for the coming years, under the economic crisis in the country.

The Rapporteur of the Committee Ahmed al - Haj told {Euphrates News} that "Iraq is passing through a severe economic crisis and until now depends on internal and external loans, as well as the adoption of basic on oil imports and foremost," he said , "and we have to the government to account for the coming years, you can not run the country debt. "

He added that Iraq" needs to be changes in the economic structure because of IMF conditions on loans to substantial changes in Iraq 's economic infrastructure, "pointing out that" we do not know the nature of the loan , as it was announced 5.4 billion from the international Monetary Fund, and three billion from the World Bank, and 3.6 billion from the G7 {seven major industrialized nations} We do not know the conditions and duration of the guarantees. "
 
He called the Committee 's decision, the Ministry of Finance to" disclose all what was discussed in the negotiations between Iraq and the international Monetary Fund and the World Bank and the group of industrialized countries . " noting that " the Committee after the legislative recess want to see what happened between the ministry and the international Monetary Fund."
 
and oil prices, he said that " the international Monetary Fund, and other agencies predicted oil prices between { of $ 48-50}, but there is what leads to lower Price, election a referendum Britain about the withdrawal from the European Union and not to deal in euros This issue led to a decline in oil prices, as well as change the Saudi plan for an economy that does not depend on oil entirely what led to the decline in oil prices, as well as supply and demand and the price of US interest rates , which rose Both have risen at a price interest rates lead to lower oil prices and an increase in US inventories. "
 
It is noteworthy that, the international Monetary Fund stipulated in the agreement concluded by Iraq, which stipulates granting a loan initially exceed $ 5 billion, to impose strict controls on the doors of disbursement of the loan, full salary and the placement and allocations for senior staff State, functional upper grades, and private, to income tax, while not include conditions permit stamped on the ration cards, and the salaries of social protection network, the government provided for the displaced and subsidies. According to an informed source in the Ministry of Finance. It is
 
noteworthy that, the International Monetary Fund, and international partners, the World Bank agreed to give Iraq a loan of {15} billion dollars.
 
And concluded in 19 of last May, the negotiations between the government delegation headed by Finance Minister Hoshyar Zebari, and the participation of Governor of the Central Bank, economic Advisor to the Prime Minister, and senior experts in the ministries of finance, oil, planning, and electricity, and experts of the international Monetary Fund.
 
the outcome of the negotiations for an agreement on a program to prepare the credit arrangements, which provides financial support for Iraq during the next three years, enabling it to continue in providing the requirements of the war on terror Daash gangs, freeing the Iraqi lands from the clutches of these gangs, and to reduce the deficit, the financial gap, and achieving economic and financial reform Alhakiqi.anthy 1 

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