Post From BondLadys Corner
BondLady & Tlm724 News & Comments 6-11-16 Part 1 of 2
Iraq agrees to the International Monetary requirement to pay debt of Kuwait to receive 20 billion loan
Economy Since 06/11/2016 12:30 (Baghdad time) Special - balances News
Confirmed member of the Committee of Economy and Investment parliamentary Najiba Najib, said Saturday that Iraq will be given to the State of Kuwait debts of nearly 9 billion dollars, while noting that the government obtained a loan from the International Monetary Fund to support the budget for the next two years.
She said Najib's / balances News /, that "the agreement between Iraq and the International Monetary Fund estimated" 20 "billion dollars, including compensation payments to Kuwait," she said, adding that "in the past has been postponed this compensation for two consecutive years due to the inability of the Iraqi government paid of Kuwait. "
~~~
BondLady & Tlm724 News & Comments 6-11-16 Part 1 of 2
Iraq agrees to the International Monetary requirement to pay debt of Kuwait to receive 20 billion loan
Economy Since 06/11/2016 12:30 (Baghdad time) Special - balances News
Confirmed member of the Committee of Economy and Investment parliamentary Najiba Najib, said Saturday that Iraq will be given to the State of Kuwait debts of nearly 9 billion dollars, while noting that the government obtained a loan from the International Monetary Fund to support the budget for the next two years.
She said Najib's / balances News /, that "the agreement between Iraq and the International Monetary Fund estimated" 20 "billion dollars, including compensation payments to Kuwait," she said, adding that "in the past has been postponed this compensation for two consecutive years due to the inability of the Iraqi government paid of Kuwait. "
~~~
She added, "The (13.6) billion for budget support will be in the country for 2016 and 2017 and 2018," pointing out that "(6.9) billion dollars will be allocated to pay off the debt of Kuwait."
She added that "Iraq has to pay more than 55 billion to Kuwait," pointing out that "it was to reach a result that gives the International Monetary Fund to Iraq these amounts to be paid to the state mentioned."
She pointed out that "these amounts will be paid in the form of easy installments," indicating that "these loans have a negative impact on Iraq's economy" LINK
From: Nur al-Din Wahba
[tlm724] Iraq agrees to the International Monetary requirement to pay debt of Kuwait to receive 20 billion loan
[tlm724] that Iraq will be given to the State of Kuwait debts of nearly 9 billion dollars,
[tlm724] so not only is Iraq going to pay Egypt but Kuwait too and this is all the left over debt from chapter 7 sanctions'
[tlm724] it is obvious that the IMF is holding all the power here, forcing Iraq to pay their debts in order to obtain the loans !
[tlm724] BL pointed out that there are still some debts from the Paris club agreement as well
[tlm724] looks like the IMF is insisting Iraq starts with a clean slate Wink
[tlm724] which is good because you know Iraq, they would kick that can down the road til the camels came home Rolling Eyes
http://ift.tt/28uwgi3
~~~~~~~~~~~~~~~~~
Iraq paid more than 47 million dollars for dues , " Egyptians "
06/11/2016 12:05 BAGHDAD / tomorrow Press : stressed Minister powers of the Egyptian workforce, Mohammed Saphan, it was agreed that a number of officials at the Iraqi working visit Cairo after the Eid al - Fitr to discuss the pension entitlements for 1044 Egyptians who have previously worked in the government sector, which amounts to 47 million and 263 thousand and 306 dollars, due for more than 25 years .
the minister pointed out that " the Iraqi officials will meet eligible for the pensions of those who are still alive to see the official papers to prove it, the reality of the CD previously handed over to the Iraqi side in April the past .
" She explained Mona Wahba Undersecretary for international relations, that " this agreement came after a meeting with the Iraqi delegation on the sidelines of the session 105 of the international Labour Conference held currently the Palais des Nations in Geneva attended by Faleh Hadi Amri, Undersecretary of the Iraqi Ministry of labor, and Ali Jaafar Mohammed sweet Director General of security social Iraqi Ministry of labor . "
LINK
[tlm724] agreed that a number of officials at the Iraqi working visit Cairo after the Eid al - Fitr to discuss the pension entitlements for 1044 Egyptians who have previously worked in the government sector, which amounts to 47 million and 263 thousand and 306 dollars, due for more than 25 years
[tlm724] Egypt
[tlm724] She explained Mona Wahba Undersecretary for international relations, that " this agreement came after a meeting with the Iraqi delegation on the sidelines of the session 105 of the international Labour Conference held currently the Palais des Nations in Geneva attended by Faleh Hadi Amri, Undersecretary of the Iraqi Ministry of labor, and Ali Jaafar Mohammed sweet Director General of security social Iraqi Ministry of labor .
[shunshine] dang
[tlm724] shunshine not only Egypt but Kuwait too
tlm724:
Iraq spent $ 47 million to retirees Egyptians
11/06/2016 11:45 Minister of Manpower Mohammed Saphan said there was agreement on a number of officials at the Iraqi working visit Cairo after the Eid al - Fitr to discuss the pension entitlements of 1044 Egyptians for those who have previously worked in the government sector, which amounts to 47 million and 263 thousand and $ 306, due in more than for 25 years.
the minister pointed out that the Iraqi officials will meet eligible for the pensions of those who are still alive to see the official papers to prove it, the reality of the CD previously handed over to the Iraqi side in April.
She explained Mona Wahba Undersecretary for international relations, the The agreement came after a meeting with the Iraqi delegation on the sidelines of the 105 session of the international Labour Conference currently held at the Palais des Nations in Geneva attended by Faleh Hadi al - Amiri Undersecretary of the Iraqi Ministry of labor, and Ali Jaafar Mohammed sweet Director of social security in the Ministry of labor.
http://ift.tt/28uvqSl
http://ift.tt/1S135qS
~~~~~~~~~~~~~~~~
Guarantee deposits "step to restore confidence in banks" and overcome the "cons" the previous stage
Author: ASJ Editor: BK, HH 6.11.2016 12:45 Long-Presse / Baghdad The Central Bank of Iraq, said on Saturday that guarantee bank deposits, the company is the "fund" is committed through which to compensate depositors at bankrupt banks or liquidated, with economic officials promise to move to "the right direction and an incentive" to restore confidence in banks, citizens guessed it had dissipated the impact of their experiences "negative," the former with private banks.
He said the Board of the Central Bank board member Ahmed Rehn said in an interview to the (long-Presse), "The establishment of the company to guarantee bank deposits as long as the form of the target of the Central Bank of Iraq since 2004,
especially since such a company exists in other countries of the world," noting that "the company interest primarily to small depositors, who make up the vast segment of savers served as senior depositors. "
He added Rehn, that "the foundation of the company and to embrace the work requires time and mechanisms supported,"
adding that "the deposit guarantee the company will not be an investment but it will be a fund or making the central bank is committed through which to compensate depositors in general and small especially in the event of bankruptcy of the banks in which the money or liquidation there ".
Turn the appearance of Mohammed Saleh financial advisor to the Prime Minister said in an interview to the (long-Presse), "The establishment of the company to guarantee deposits step in the right direction to build a discreet banking system has the confidence of depositors through the protection of their rights and encourage citizens to deposit in banks."
Saleh pointed out that "the participation of government banks in the capital of a deposit insurance company can enhance its credit and enable them to pay more compensation to depositors, especially that most of the deposits of citizens in those banks."
In turn, the Finance Committee in the House of Representatives rapporteur Ahmed Hama Rasheed said in an interview to the (long-Presse), "The Commission will adopt measures that would improve the economic and financial reality in Iraq, including the banking sector development," noting that "the Iraqi Central Bank seeks to maintain the bank's stability eligibility particularly through checks issued between now and then. "
Rashid stressed, that "the Commission is pushing to increase banks' capital, which often come from different official bodies, as well as deposits of varying citizens," pointing out that "depositors in general were wary of turning to the private banks."
Promised a decision the parliamentary finance committee, that "the decision to establish a deposit insurance corporation would be a motivation and stimulus to the movement of the banks and restore citizen confidence and trust," adding that "the Central Bank would be binding under that protection of bank deposits by legal legislation secures the rights of depositors, investors and even the official bodies." .
He said Rashid, that "it will encourage the placement in private banks and eliminates worries them, especially in light of previous bitter experiences, as happened with the bank Basra and the Warka, who announced Avlasshma."
In turn, a government employee Hassan Shaker said in an interview to the (long-Presse), said that "the presence of a guarantor of deposits the company can improve the image of the private banks,"
noting that "re-citizen eligibility banks and trust need to be relatively long time definite guarantees from the state, represented the central bank, not to repeat previous negatives that what they are paying for depositors remains under the parking Central Bank spectators for their suffering for years. "
She added that "Iraq has to pay more than 55 billion to Kuwait," pointing out that "it was to reach a result that gives the International Monetary Fund to Iraq these amounts to be paid to the state mentioned."
She pointed out that "these amounts will be paid in the form of easy installments," indicating that "these loans have a negative impact on Iraq's economy" LINK
From: Nur al-Din Wahba
[tlm724] Iraq agrees to the International Monetary requirement to pay debt of Kuwait to receive 20 billion loan
[tlm724] that Iraq will be given to the State of Kuwait debts of nearly 9 billion dollars,
[tlm724] so not only is Iraq going to pay Egypt but Kuwait too and this is all the left over debt from chapter 7 sanctions'
[tlm724] it is obvious that the IMF is holding all the power here, forcing Iraq to pay their debts in order to obtain the loans !
[tlm724] BL pointed out that there are still some debts from the Paris club agreement as well
[tlm724] looks like the IMF is insisting Iraq starts with a clean slate Wink
[tlm724] which is good because you know Iraq, they would kick that can down the road til the camels came home Rolling Eyes
http://ift.tt/28uwgi3
~~~~~~~~~~~~~~~~~
Iraq paid more than 47 million dollars for dues , " Egyptians "
06/11/2016 12:05 BAGHDAD / tomorrow Press : stressed Minister powers of the Egyptian workforce, Mohammed Saphan, it was agreed that a number of officials at the Iraqi working visit Cairo after the Eid al - Fitr to discuss the pension entitlements for 1044 Egyptians who have previously worked in the government sector, which amounts to 47 million and 263 thousand and 306 dollars, due for more than 25 years .
the minister pointed out that " the Iraqi officials will meet eligible for the pensions of those who are still alive to see the official papers to prove it, the reality of the CD previously handed over to the Iraqi side in April the past .
" She explained Mona Wahba Undersecretary for international relations, that " this agreement came after a meeting with the Iraqi delegation on the sidelines of the session 105 of the international Labour Conference held currently the Palais des Nations in Geneva attended by Faleh Hadi Amri, Undersecretary of the Iraqi Ministry of labor, and Ali Jaafar Mohammed sweet Director General of security social Iraqi Ministry of labor . "
LINK
[tlm724] agreed that a number of officials at the Iraqi working visit Cairo after the Eid al - Fitr to discuss the pension entitlements for 1044 Egyptians who have previously worked in the government sector, which amounts to 47 million and 263 thousand and 306 dollars, due for more than 25 years
[tlm724] Egypt
[tlm724] She explained Mona Wahba Undersecretary for international relations, that " this agreement came after a meeting with the Iraqi delegation on the sidelines of the session 105 of the international Labour Conference held currently the Palais des Nations in Geneva attended by Faleh Hadi Amri, Undersecretary of the Iraqi Ministry of labor, and Ali Jaafar Mohammed sweet Director General of security social Iraqi Ministry of labor .
[shunshine] dang
[tlm724] shunshine not only Egypt but Kuwait too
tlm724:
Iraq spent $ 47 million to retirees Egyptians
11/06/2016 11:45 Minister of Manpower Mohammed Saphan said there was agreement on a number of officials at the Iraqi working visit Cairo after the Eid al - Fitr to discuss the pension entitlements of 1044 Egyptians for those who have previously worked in the government sector, which amounts to 47 million and 263 thousand and $ 306, due in more than for 25 years.
the minister pointed out that the Iraqi officials will meet eligible for the pensions of those who are still alive to see the official papers to prove it, the reality of the CD previously handed over to the Iraqi side in April.
She explained Mona Wahba Undersecretary for international relations, the The agreement came after a meeting with the Iraqi delegation on the sidelines of the 105 session of the international Labour Conference currently held at the Palais des Nations in Geneva attended by Faleh Hadi al - Amiri Undersecretary of the Iraqi Ministry of labor, and Ali Jaafar Mohammed sweet Director of social security in the Ministry of labor.
http://ift.tt/28uvqSl
http://ift.tt/1S135qS
~~~~~~~~~~~~~~~~
Guarantee deposits "step to restore confidence in banks" and overcome the "cons" the previous stage
Author: ASJ Editor: BK, HH 6.11.2016 12:45 Long-Presse / Baghdad The Central Bank of Iraq, said on Saturday that guarantee bank deposits, the company is the "fund" is committed through which to compensate depositors at bankrupt banks or liquidated, with economic officials promise to move to "the right direction and an incentive" to restore confidence in banks, citizens guessed it had dissipated the impact of their experiences "negative," the former with private banks.
He said the Board of the Central Bank board member Ahmed Rehn said in an interview to the (long-Presse), "The establishment of the company to guarantee bank deposits as long as the form of the target of the Central Bank of Iraq since 2004,
especially since such a company exists in other countries of the world," noting that "the company interest primarily to small depositors, who make up the vast segment of savers served as senior depositors. "
He added Rehn, that "the foundation of the company and to embrace the work requires time and mechanisms supported,"
adding that "the deposit guarantee the company will not be an investment but it will be a fund or making the central bank is committed through which to compensate depositors in general and small especially in the event of bankruptcy of the banks in which the money or liquidation there ".
Turn the appearance of Mohammed Saleh financial advisor to the Prime Minister said in an interview to the (long-Presse), "The establishment of the company to guarantee deposits step in the right direction to build a discreet banking system has the confidence of depositors through the protection of their rights and encourage citizens to deposit in banks."
Saleh pointed out that "the participation of government banks in the capital of a deposit insurance company can enhance its credit and enable them to pay more compensation to depositors, especially that most of the deposits of citizens in those banks."
In turn, the Finance Committee in the House of Representatives rapporteur Ahmed Hama Rasheed said in an interview to the (long-Presse), "The Commission will adopt measures that would improve the economic and financial reality in Iraq, including the banking sector development," noting that "the Iraqi Central Bank seeks to maintain the bank's stability eligibility particularly through checks issued between now and then. "
Rashid stressed, that "the Commission is pushing to increase banks' capital, which often come from different official bodies, as well as deposits of varying citizens," pointing out that "depositors in general were wary of turning to the private banks."
Promised a decision the parliamentary finance committee, that "the decision to establish a deposit insurance corporation would be a motivation and stimulus to the movement of the banks and restore citizen confidence and trust," adding that "the Central Bank would be binding under that protection of bank deposits by legal legislation secures the rights of depositors, investors and even the official bodies." .
He said Rashid, that "it will encourage the placement in private banks and eliminates worries them, especially in light of previous bitter experiences, as happened with the bank Basra and the Warka, who announced Avlasshma."
In turn, a government employee Hassan Shaker said in an interview to the (long-Presse), said that "the presence of a guarantor of deposits the company can improve the image of the private banks,"
noting that "re-citizen eligibility banks and trust need to be relatively long time definite guarantees from the state, represented the central bank, not to repeat previous negatives that what they are paying for depositors remains under the parking Central Bank spectators for their suffering for years. "
For its part, director of the school, Khawla Rashid said in an interview with the (long-Presse), said that "the presence of government guarantees to protect the deposits of citizens can restore confidence gradually to domestic banks, which began its work to provide many good services and facilities to the adoption of modern technologies", usually the "State-owned banks what still lagging behind technologically and suffer routine that made them averse citizens. "
The Central Bank announced, in (the seventh of June 2016), the Cabinet approval for the establishment of a deposit guarantee in the government and private banks with a capital of 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed money chunky citizens outside banks of more than $ 30 trillion dinars.
The Iraqi private banks association, announced (October 2015) that the ratio of deposits to the government banks, ranging from 65 to 68 trillion dinars, of which no more than 22 trillion and deposits of private banks.
The banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks. LINK
The Central Bank announced, in (the seventh of June 2016), the Cabinet approval for the establishment of a deposit guarantee in the government and private banks with a capital of 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed money chunky citizens outside banks of more than $ 30 trillion dinars.
The Iraqi private banks association, announced (October 2015) that the ratio of deposits to the government banks, ranging from 65 to 68 trillion dinars, of which no more than 22 trillion and deposits of private banks.
The banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks. LINK
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