Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday PM Chat 6-3-16 Part 1 of 2
rcookie says():GE DU..
rcookie says():DOES EVERYONE REMEMBER STORY BROUGHT IN YESTERDAY MORNING ABOUT US AMBASSADOR STUART JONES ANNOUNCING NEW ELECTRONIC PROJECT DEVELOPMENT MGMT SYSTEM BEING LAUNCHED TO FACILITATE THE TRANSPARENT EXECUTION OF DEVELOPMENT PROJECT FUNDING TO THE PROVINCES.....WHICH WAS ALSO BROUGHT LAST NIGHT..
BUCK says():e- service i remember
larrykn says to rcookie():sorry just got home from vacation missed it
rcookie says():THIS WAS THE OVERVIEW...
rcookie says():US AMBASSADOR TO IRAQ STUART JONES ASSERTS IRAQI DEVELOPMENT REFORM PROGRAM WILL ENABLE GOV’T TO BETTER MANAGE BUDGET THAT HAS DELAYED 4,000 PROJECTS
~~~
Chat Room Excerpts & Highlights
Dinar Updates Friday PM Chat 6-3-16 Part 1 of 2
rcookie says():GE DU..
rcookie says():DOES EVERYONE REMEMBER STORY BROUGHT IN YESTERDAY MORNING ABOUT US AMBASSADOR STUART JONES ANNOUNCING NEW ELECTRONIC PROJECT DEVELOPMENT MGMT SYSTEM BEING LAUNCHED TO FACILITATE THE TRANSPARENT EXECUTION OF DEVELOPMENT PROJECT FUNDING TO THE PROVINCES.....WHICH WAS ALSO BROUGHT LAST NIGHT..
BUCK says():e- service i remember
larrykn says to rcookie():sorry just got home from vacation missed it
rcookie says():THIS WAS THE OVERVIEW...
rcookie says():US AMBASSADOR TO IRAQ STUART JONES ASSERTS IRAQI DEVELOPMENT REFORM PROGRAM WILL ENABLE GOV’T TO BETTER MANAGE BUDGET THAT HAS DELAYED 4,000 PROJECTS
~~~
BY IMPROVING PROCUREMENTS BY ELECTRONIC SYSTEM STANDARDIZATION OF PROPOSALS CONTRACT WITH REPUTABLE CONTRACTORS ELIMINATE DELAYS, WASTE & CORRUPTION
WORKING WITH USAID (US AGENCY INT’L DEVELOPMENT) TO IMPLEMENT IDMS (IRAQ DEVELOPMENT MANAGEMENT SYSTEM) WITH MINISTRY OF PLANNING & DEVELOPMENT LAUNCH OF DEVELOPMENT DEPT UNDER ABADI AUSPICES.....
rcookie says():TOUTED IT AS BEING VERY EXCITING PROGRESS BUT NOT THE WHOLE ENCHILADA OF WHAT WE ARE LOOKING FOR...
rcookie says():HELLO..
larrykn says to rcookie():still here so what is missing
Hutch says():Yes, I remember
maine says():i remember that as well
rcookie says():ANYONE REMEMBER SEEING THIS...LOOK FAMILIAR OR KNOW WHY IT IS SIGNIFICANT....
maine says():its their international compliant banking system
rcookie says():I HAVE POSTED MANY TIMES THE MARKERS & INITIATIVES WE AS INVESTORS SHOULD BE LOOKING FOR AWAY FROM IMF EXPECTATIONS AND SMP REVIEWS...
rcookie says to maine():HI MAINE...
maine says():hi!
rcookie says to maine():NO ITS A SYSTEM TO HANDLE AND PROCESS THE $400 BILLION DOLLAR NDP NATIONAL DEVELOPMENT PROGRAM AND THE MULTITUDE OF INVESTMENT & DEVELOPMENT PROJECTS....BY SECTOR...AND BY PROVINCES
maine says():that too!
puffdragon says to rcookie():The article to make it manditory to follow international compliance also ?
rcookie says to maine():THE FAILURE...THEFT...MISAPPROPRIATION AND LACK OF OVERSIGHT HAS WASTED HUNDREDS OF BILLIONS OF IRAQ STATE ASSETS AND LEFT THE CITIZENS IN DIRE NEED OF SERVICES & INFRASTRUCTURE THEY DESPERATELY NEED...
maine says():its completly transparent and now maliki and his cronies are out of the loop
rcookie says to maine():THE IMF AND WORLD BANK TOLD IRAQ YEARS AGO SOMETHING HAD TO BE DONE TO ARREST THIS FAILED PROCESS...AND THE WORLD BANK SUGGESTED 2 THINGS IN PARTICULAR...
maine says():they are removed from being able to tap into the money
rcookie says to maine():THIS WAS TO BE KNOWN AS IRAQ DEVELOPMENT MANAGEMENT SYSTEM (IDMS)....WHICH HAS BEEN UP AND RUNNING...IT IS NOT NEW.....
maine says():i thought i read that the software is new and improved within that system
rcookie says to maine():THIS IDMS WAS MENTIONED SPECIFICALLY IN THE 2016 IMF LETTER OF INTENT BUT AS I SAID MENTIONS IT AS AN ALREADY ONGOING PROCESS......
rcookie says to maine():WHAT WE ARE LOOKING FOR TO RUN CONCURRENTLY WITH THE IDMS....IS PIM (PUBLIC INVESTMENT MANAGEMENT) WHICH IS ALSO MANDATED FOR COMPLIANCE BY THE IMF.....
maine says():and the stop of the currency auctions as well
rcookie says to maine():HERE IS THE SECTION RIGHT FROM THE 2016 IMF LOI/MEFP/TECH MOU.......PLEASE READ SO TO UNDERSTAND....
gordon11 says():In Practice it is called PMF&O
rcookie says():Implement Public Investment Management (PIM) reform with the assistance of the World Bank. On October 18, 2015, the Prime Minister issued a decree endorsing the Public Investment Management Decision Process Framework in line with World Bank recommendations covering investment selection, implementation, and ex-post evaluation.
By end-April 2016, the federal Ministry of Planning will set up a central PIM unit that will screen projects based on feasibility studies and develop and manage the Integrated Bank of Projects (IBP) to be operated as a sub- system of the existing Iraq Development Management System (IDMS).
maine says():thanks!
rcookie says():THIS WAS A REVIEW MANDATE FOR APRIL 2016.......
rcookie says():THIS IS JUST 1 OF THE "PUBLIC FINANCIAL MANAGEMENT" INITIATIVES THAT IS SPELLED OUT IN LOI...
THAT SHOWS WITHOUT EQUIVICATION WHAT WE ARE ALL LOOKING FOR....
NOT GUESSING...SPECULATING OR GURU NONSENSE ABOU SECRET CONTACTS ETC...
rcookie says():AND DEMONSTRATES ONCE AGAIN THE UNBELIEVABLE PROGRESS AND STANDING WITHIN THE SMP IRAQ ENJOYS.....THIS IS ANOTHER CHECKMARK ALONG WITH SOME OTHER RECENT NEWS AND EVENTS....
rcookie says):WOW!! ...NOTHING
JD1 says():agree wow
rcookie says():SO...IF YOU ARE LOOKING FOR TANGIBLE MARKERS TOWARD IMF INITIATIVES & REVIEW AS OTHERS GIVE CALENDAR COUNTDOWN....I WILL REPOST AGAIN..
larrykn says to rcookie():seems they are moving everything to an open market, don't know what the key will be to complete it but I'm very happy what they are doing to get it done
JD1 says():thanks cookie amazing
rcookie says():THIS 1ST ONE IS SOMETHING THE IMF HAS RECENTLY TOLD IRAQ THEY MUST GET DONE IMMEDIATELY IN ORDER TO RECEIVE SBA LOAN FUNDS...ALONG WITH THE REWRITE/REVISION TO THE 2016 BUDGET LAW TO NEW SPECS....
rcookie says():AND WHY PARLIAMENT WILL BE BACK TO WORK....NO VOTEY....NO MONEY!!...
rcookie says():27. In order to strengthen fiscal discipline, the government will implement the following measures:
rcookie says():The Minister of Finance will approve a new draft of the Financial Management law in line with World Bank and IMF comments on the last draft submitted to the Shura Council (structural benchmark for the second review, Table 2).
rcookie says():THIS WAS JUST CONFIRMED AGAIN FROM IMF IN LAST WEEK....
rcookie says():SO......THIS WILL BE DONE....
rcookie says():NEXT....
mrjazzman66 says():Amazing indeed!!! Great news rcookie appreciate all you do in keeping all of us informed..imo fullujah is still a key factor.it is paramount that they continue to get rid of isis as they are doing now...Thanks again sir for all your hard work..
rcookie says():Survey, audit and pay domestic arrears. As a first step, the Ministry of Planning will complete, by end-February 2016, a survey of domestic arrears on investment spending accumulated by all ministries as of end-September 2015 (structural benchmark, Table 2) and the Ministry of Finance will complete a survey,
also by end-February, on current spending arrears accumulated by the same units as of end-September;
in addition, similar surveys of arrears as of end-December2015 by end-March 2016, and as of end-March 2016 by end-May 2016 will be completed.
On the basis of each of these surveys, the government will prepare plans for the orderly payment of the arrears, which will include an independent audit of the arrears and a repayment schedule in line with the government’s financing capacity. ‘
As of end-April 2015, the government identified ID 7.3 trillion in domestic arrears, out of which ID 5 trillion accumulated in 2015 (¶13); the Board of Supreme Audit will audit these arrears to check their validity by end-February 2016. So far, the government has included ID 2.4 trillion for the repayment of domestic arrears in its revised2016 budget (¶25).
rcookie says to mrjazzman66():(y)
rcookie says to mrjazzman66():SO.....WHAT HAS HAPPENED IN LAST 2 DAYS THAT CONFIRMS THAT THIS HAS BEEN BEING DONE AND CONTINUES TO BE DONE RIGHT UP TO TODAYS NEWS....
rcookie says to mrjazzman66():THEY ARE PAYING ARREARS....AND NOT ACCRUING NEW ARREARS AS PER 2016 BUDGET LAW AND THIS IMF LOI MANDATE....
rcookie says():ANYONE READ THE ARTICLES FROM OUR INCREDIBLE NEWSHOUNDS....ABOUT IRAQ PUMPING ADDITIONAL 5 MILLION BARRELS OF OIL TO PAY OIL CONTRACT & LICENSE DUES......
rcookie says():LOKOIL ANNOUNCED TODAY THAT NOW THEY HAVE BEEN PAID THEY ARE LOOKING TO DOUBLE PRODUCTION AND INVESTMENT.......
mrjazzman66 says():yes I believe it was posted yesterday...start paying back
mrjazzman66 says():incredible news it is
rcookie says():AGAIN 100% EXECUTABLE BUDGET.....WITHOUT EXCEPTION........
rcookie says():SO.....THIS ALSO DONE...
rcookie says():NEXT.....
rcookie says():AND THIS IS SOMETHING EVERYONE HERE AS INVESTOR SHOUD HAVE EYES PEELED FOR.....NOT WATCHING THE CALENDAR!!!!!....
rcookie says():Take steps to move to a Treasury Single Account (TSA); as a first step, the Ministry of Finance and the CBI will, by end-February 2016, compile a list of all bank accounts controlled by the Ministry of Finance and all spending units and sub spending units of the federal government,
in CBI, state-owned and commercial banks; details should include balances at end-December 2015, account number, title, location, purpose, authority, and signatories (structural benchmark, Table 2).
mrjazzman66 says():I came in somewhat late but did read someting about some mog=ngaloid wanting to raise the dinar to 1300 per US dollar..opps sorry for interrupting
puffdragon says to rcookie():Funds of 5.6 trillion dinars Abadi approved to go out emedietly for all stalled projects ect ?
rcookie says():WE KNOW THE LIST OF BANK ACCTS CONTROLLED BY MOF AND CBI AFFILIATED BANKS AS PART OF RESTRUCTURE & PRIVATIZATION OF 2 SOB'S....
rcookie says():YES ...FOR AGRICULTURAL AND INDUSTRY AND RESIDENTIAL HOUSING LOANS BOTH CONSTRUCTION AND PURCHASE...
rcookie says():THERE WAS A COMPLETE DETAILED BREAKDOWN OF THE LOANS PROGRAM & TERMS...IT WAS AWESOME!!...
rcookie says():HERE IS THE NEXT....
rcookie says():Design and implement, with the IMF technical assistance, a commitment control system for budget execution that is based on a comprehensive financial plan for budget execution.
rcookie says():THEY ACCOMPLISHED IN EXISTING 2016 BUDGET LAW......SO.......DONE!!!!
WORKING WITH USAID (US AGENCY INT’L DEVELOPMENT) TO IMPLEMENT IDMS (IRAQ DEVELOPMENT MANAGEMENT SYSTEM) WITH MINISTRY OF PLANNING & DEVELOPMENT LAUNCH OF DEVELOPMENT DEPT UNDER ABADI AUSPICES.....
rcookie says():TOUTED IT AS BEING VERY EXCITING PROGRESS BUT NOT THE WHOLE ENCHILADA OF WHAT WE ARE LOOKING FOR...
rcookie says():HELLO..
larrykn says to rcookie():still here so what is missing
Hutch says():Yes, I remember
maine says():i remember that as well
rcookie says():ANYONE REMEMBER SEEING THIS...LOOK FAMILIAR OR KNOW WHY IT IS SIGNIFICANT....
maine says():its their international compliant banking system
rcookie says():I HAVE POSTED MANY TIMES THE MARKERS & INITIATIVES WE AS INVESTORS SHOULD BE LOOKING FOR AWAY FROM IMF EXPECTATIONS AND SMP REVIEWS...
rcookie says to maine():HI MAINE...
maine says():hi!
rcookie says to maine():NO ITS A SYSTEM TO HANDLE AND PROCESS THE $400 BILLION DOLLAR NDP NATIONAL DEVELOPMENT PROGRAM AND THE MULTITUDE OF INVESTMENT & DEVELOPMENT PROJECTS....BY SECTOR...AND BY PROVINCES
maine says():that too!
puffdragon says to rcookie():The article to make it manditory to follow international compliance also ?
rcookie says to maine():THE FAILURE...THEFT...MISAPPROPRIATION AND LACK OF OVERSIGHT HAS WASTED HUNDREDS OF BILLIONS OF IRAQ STATE ASSETS AND LEFT THE CITIZENS IN DIRE NEED OF SERVICES & INFRASTRUCTURE THEY DESPERATELY NEED...
maine says():its completly transparent and now maliki and his cronies are out of the loop
rcookie says to maine():THE IMF AND WORLD BANK TOLD IRAQ YEARS AGO SOMETHING HAD TO BE DONE TO ARREST THIS FAILED PROCESS...AND THE WORLD BANK SUGGESTED 2 THINGS IN PARTICULAR...
maine says():they are removed from being able to tap into the money
rcookie says to maine():THIS WAS TO BE KNOWN AS IRAQ DEVELOPMENT MANAGEMENT SYSTEM (IDMS)....WHICH HAS BEEN UP AND RUNNING...IT IS NOT NEW.....
maine says():i thought i read that the software is new and improved within that system
rcookie says to maine():THIS IDMS WAS MENTIONED SPECIFICALLY IN THE 2016 IMF LETTER OF INTENT BUT AS I SAID MENTIONS IT AS AN ALREADY ONGOING PROCESS......
rcookie says to maine():WHAT WE ARE LOOKING FOR TO RUN CONCURRENTLY WITH THE IDMS....IS PIM (PUBLIC INVESTMENT MANAGEMENT) WHICH IS ALSO MANDATED FOR COMPLIANCE BY THE IMF.....
maine says():and the stop of the currency auctions as well
rcookie says to maine():HERE IS THE SECTION RIGHT FROM THE 2016 IMF LOI/MEFP/TECH MOU.......PLEASE READ SO TO UNDERSTAND....
gordon11 says():In Practice it is called PMF&O
rcookie says():Implement Public Investment Management (PIM) reform with the assistance of the World Bank. On October 18, 2015, the Prime Minister issued a decree endorsing the Public Investment Management Decision Process Framework in line with World Bank recommendations covering investment selection, implementation, and ex-post evaluation.
By end-April 2016, the federal Ministry of Planning will set up a central PIM unit that will screen projects based on feasibility studies and develop and manage the Integrated Bank of Projects (IBP) to be operated as a sub- system of the existing Iraq Development Management System (IDMS).
maine says():thanks!
rcookie says():THIS WAS A REVIEW MANDATE FOR APRIL 2016.......
rcookie says():THIS IS JUST 1 OF THE "PUBLIC FINANCIAL MANAGEMENT" INITIATIVES THAT IS SPELLED OUT IN LOI...
THAT SHOWS WITHOUT EQUIVICATION WHAT WE ARE ALL LOOKING FOR....
NOT GUESSING...SPECULATING OR GURU NONSENSE ABOU SECRET CONTACTS ETC...
rcookie says():AND DEMONSTRATES ONCE AGAIN THE UNBELIEVABLE PROGRESS AND STANDING WITHIN THE SMP IRAQ ENJOYS.....THIS IS ANOTHER CHECKMARK ALONG WITH SOME OTHER RECENT NEWS AND EVENTS....
rcookie says):WOW!! ...NOTHING
JD1 says():agree wow
rcookie says():SO...IF YOU ARE LOOKING FOR TANGIBLE MARKERS TOWARD IMF INITIATIVES & REVIEW AS OTHERS GIVE CALENDAR COUNTDOWN....I WILL REPOST AGAIN..
larrykn says to rcookie():seems they are moving everything to an open market, don't know what the key will be to complete it but I'm very happy what they are doing to get it done
JD1 says():thanks cookie amazing
rcookie says():THIS 1ST ONE IS SOMETHING THE IMF HAS RECENTLY TOLD IRAQ THEY MUST GET DONE IMMEDIATELY IN ORDER TO RECEIVE SBA LOAN FUNDS...ALONG WITH THE REWRITE/REVISION TO THE 2016 BUDGET LAW TO NEW SPECS....
rcookie says():AND WHY PARLIAMENT WILL BE BACK TO WORK....NO VOTEY....NO MONEY!!...
rcookie says():27. In order to strengthen fiscal discipline, the government will implement the following measures:
rcookie says():The Minister of Finance will approve a new draft of the Financial Management law in line with World Bank and IMF comments on the last draft submitted to the Shura Council (structural benchmark for the second review, Table 2).
rcookie says():THIS WAS JUST CONFIRMED AGAIN FROM IMF IN LAST WEEK....
rcookie says():SO......THIS WILL BE DONE....
rcookie says():NEXT....
mrjazzman66 says():Amazing indeed!!! Great news rcookie appreciate all you do in keeping all of us informed..imo fullujah is still a key factor.it is paramount that they continue to get rid of isis as they are doing now...Thanks again sir for all your hard work..
rcookie says():Survey, audit and pay domestic arrears. As a first step, the Ministry of Planning will complete, by end-February 2016, a survey of domestic arrears on investment spending accumulated by all ministries as of end-September 2015 (structural benchmark, Table 2) and the Ministry of Finance will complete a survey,
also by end-February, on current spending arrears accumulated by the same units as of end-September;
in addition, similar surveys of arrears as of end-December2015 by end-March 2016, and as of end-March 2016 by end-May 2016 will be completed.
On the basis of each of these surveys, the government will prepare plans for the orderly payment of the arrears, which will include an independent audit of the arrears and a repayment schedule in line with the government’s financing capacity. ‘
As of end-April 2015, the government identified ID 7.3 trillion in domestic arrears, out of which ID 5 trillion accumulated in 2015 (¶13); the Board of Supreme Audit will audit these arrears to check their validity by end-February 2016. So far, the government has included ID 2.4 trillion for the repayment of domestic arrears in its revised2016 budget (¶25).
rcookie says to mrjazzman66():(y)
rcookie says to mrjazzman66():SO.....WHAT HAS HAPPENED IN LAST 2 DAYS THAT CONFIRMS THAT THIS HAS BEEN BEING DONE AND CONTINUES TO BE DONE RIGHT UP TO TODAYS NEWS....
rcookie says to mrjazzman66():THEY ARE PAYING ARREARS....AND NOT ACCRUING NEW ARREARS AS PER 2016 BUDGET LAW AND THIS IMF LOI MANDATE....
rcookie says():ANYONE READ THE ARTICLES FROM OUR INCREDIBLE NEWSHOUNDS....ABOUT IRAQ PUMPING ADDITIONAL 5 MILLION BARRELS OF OIL TO PAY OIL CONTRACT & LICENSE DUES......
rcookie says():LOKOIL ANNOUNCED TODAY THAT NOW THEY HAVE BEEN PAID THEY ARE LOOKING TO DOUBLE PRODUCTION AND INVESTMENT.......
mrjazzman66 says():yes I believe it was posted yesterday...start paying back
mrjazzman66 says():incredible news it is
rcookie says():AGAIN 100% EXECUTABLE BUDGET.....WITHOUT EXCEPTION........
rcookie says():SO.....THIS ALSO DONE...
rcookie says():NEXT.....
rcookie says():AND THIS IS SOMETHING EVERYONE HERE AS INVESTOR SHOUD HAVE EYES PEELED FOR.....NOT WATCHING THE CALENDAR!!!!!....
rcookie says():Take steps to move to a Treasury Single Account (TSA); as a first step, the Ministry of Finance and the CBI will, by end-February 2016, compile a list of all bank accounts controlled by the Ministry of Finance and all spending units and sub spending units of the federal government,
in CBI, state-owned and commercial banks; details should include balances at end-December 2015, account number, title, location, purpose, authority, and signatories (structural benchmark, Table 2).
mrjazzman66 says():I came in somewhat late but did read someting about some mog=ngaloid wanting to raise the dinar to 1300 per US dollar..opps sorry for interrupting
puffdragon says to rcookie():Funds of 5.6 trillion dinars Abadi approved to go out emedietly for all stalled projects ect ?
rcookie says():WE KNOW THE LIST OF BANK ACCTS CONTROLLED BY MOF AND CBI AFFILIATED BANKS AS PART OF RESTRUCTURE & PRIVATIZATION OF 2 SOB'S....
rcookie says():YES ...FOR AGRICULTURAL AND INDUSTRY AND RESIDENTIAL HOUSING LOANS BOTH CONSTRUCTION AND PURCHASE...
rcookie says():THERE WAS A COMPLETE DETAILED BREAKDOWN OF THE LOANS PROGRAM & TERMS...IT WAS AWESOME!!...
rcookie says():HERE IS THE NEXT....
rcookie says():Design and implement, with the IMF technical assistance, a commitment control system for budget execution that is based on a comprehensive financial plan for budget execution.
rcookie says():THEY ACCOMPLISHED IN EXISTING 2016 BUDGET LAW......SO.......DONE!!!!
rcookie says():HERE IS THE NEXT....
rcookie says():Design and implement an Integrated Financial Management Information System (IFMIS) with the assistance of the World Bank; as a first step, adopt, by end-April 2016, a road map detailing its core functional requirements, such as: the chart of accounts, multi-year expenditure tracking; carry-over of resources from one year to the next; and management of advances and cash management arrangements.
woodywoodpecker says():thank you rcooke for all your work for us
rcookie says():THIS IS HUGE TOWARD ONE OF THE WB & IMF INITIATIVES FOR IRAQ CONCERNING TIMELY..ACURATE..TRANSPARENT FINANCIAL REPORTING FROM ALL SECTORS AND REGIONS OF THE COUNTRY INCLUDING KURDISTAN...
larrykn says to rcookie():ty for bring in the great info, we all appricate all you do for us
rcookie says():AND BY THE WAY WE KNOW THRY ARE QUITE FAR ALONG IN THIS BY LOOKING AT PREVIOUS YEARS IMF LOI'S...
plowboy says():yes. Thank you Rcookie.
Iceman says():(y)
rcookie says():THAT BRINGS US TO THE ARTICLE I POSTED YESTERDAY MORNING...
rcookie says():Implement Public Investment Management (PIM) reform with the assistance of the World Bank. On October 18, 2015, the Prime Minister issued a decree endorsing the Public Investment Management Decision Process Framework in line with World Bank recommendations covering investment selection, implementation, and ex-post evaluation.
By end-April 2016, the federal Ministry of Planning will set up a central PIM unit that will screen projects based on feasibility studies and develop and manage the Integrated Bank of Projects (IBP) to be operated as a sub- system of the existing Iraq Development Management System (IDMS).
rcookie says():Design and implement an Integrated Financial Management Information System (IFMIS) with the assistance of the World Bank; as a first step, adopt, by end-April 2016, a road map detailing its core functional requirements, such as: the chart of accounts, multi-year expenditure tracking; carry-over of resources from one year to the next; and management of advances and cash management arrangements.
woodywoodpecker says():thank you rcooke for all your work for us
rcookie says():THIS IS HUGE TOWARD ONE OF THE WB & IMF INITIATIVES FOR IRAQ CONCERNING TIMELY..ACURATE..TRANSPARENT FINANCIAL REPORTING FROM ALL SECTORS AND REGIONS OF THE COUNTRY INCLUDING KURDISTAN...
larrykn says to rcookie():ty for bring in the great info, we all appricate all you do for us
rcookie says():AND BY THE WAY WE KNOW THRY ARE QUITE FAR ALONG IN THIS BY LOOKING AT PREVIOUS YEARS IMF LOI'S...
plowboy says():yes. Thank you Rcookie.
Iceman says():(y)
rcookie says():THAT BRINGS US TO THE ARTICLE I POSTED YESTERDAY MORNING...
rcookie says():Implement Public Investment Management (PIM) reform with the assistance of the World Bank. On October 18, 2015, the Prime Minister issued a decree endorsing the Public Investment Management Decision Process Framework in line with World Bank recommendations covering investment selection, implementation, and ex-post evaluation.
By end-April 2016, the federal Ministry of Planning will set up a central PIM unit that will screen projects based on feasibility studies and develop and manage the Integrated Bank of Projects (IBP) to be operated as a sub- system of the existing Iraq Development Management System (IDMS).
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