Chat Room – News Excerpts & Highlights
diagyAAAE says(): Magda Tamimi: Iraq treasury empty because of corruption and lack of economic vision
Magda Tamimi: Iraq treasury empty because of corruption and lack of economic vision
Posted, 06/01/2017 23:24
Magda Tamimi – Iraq treasury empty because of corruption and lack of economic vision[Oan- Baghdad]
described a member of the parliamentary finance committee, Majida al – Tamimi, Iraq ‘s treasury finance to “empty.”
She said Tamimi on its front page on the social networking site [Facebook], that “the conclusion reached Iraq from bad financial situation and the treasury empty and the balance mostly internal and external breaches is due to two main reasons, the first flaw in the money management and the lack of a clear economic vision, and the other is the lack of real will in the eradication of corruption. ”
She pointed out that ” the Iraqi government signed a loan guarantee with the United States – billion – dollar agreement, it does not mean anything and does not deserve all this drumming and release it like a supernatural accomplishment.”
Confirmed Tamimi ” It was better for the government develop solutions to modify the wrong tracks that led to the collapse of the Iraqi economy and a waste of billions of dollars, especially since there are thousands of files that have been Tochireha by regulators and others without the genuine will to hold accountable corrupt it becomes to talk about any step tampering forward unless The arrest decline and to develop solutions for its causes. ”
The Iraqi government signed with the United States on Thursday an agreement on the loan guarantee worth billion dollars.
The US embassy in Baghdad said , “This signing is the first step in the process that would allow Iraq to a greater opportunity to enter the international capital markets.” alliraqnews.com END
diagyAAAE says():Abadi: edit thirds of Nineveh and the Iraqi army welcome in all cities
6/1/2017 10:37 Abadi – edit thirds of Nineveh and the Iraqi army welcome in all cities[Oan- Baghdad]
commander of the armed forces , Prime Minister Haider al – Abadi announced edit two – thirds of the province of Nineveh Daesh terrorist gangs ” , stressing that” welcome the Iraqi army today in all the cities. ”
Ebadi said , according to a statement his office received by all of Iraq [where] Nkhsh him, “I extend my warmest congratulations to the people of the heroic Iraqi army in the ninety – sixth anniversary of its founding, which represents the holiday for all Iraqi people.”
“We celebrate this day glorious army triumphs and editing, celebrating fighters heroes owners of jealousy and magnanimity , where the army stands today with the people in the first defense of Iraq ‘s line and the dignity of its people and national sovereignty and racing his officers with soldiers and cite by soldiers impulsively feat unparalleled in the fight against terrorism “.
The Abadi, that ” the Iraqi army has today high combat experience gained from the war against terrorism waged by the complex circumstances which are all Iraqi army as the provinces that were occupied Daesh terrorist gangs and sons of Mosul today sons resort to subject the Iraqi Army zones of higher because they felt reassured and trust army troops. ”
He noted , “We have made great efforts to bring the military establishment on the basis of a professional, and the army welcome today in all provinces and achieves winning streak and cleanses the towns and villages Shubra Shubra.”
He noted that ” the fight against terrorism and in the last half and our forces today cleared two – thirds of Nineveh province , which is inside Mosul and cut off the head of the snake and cleanse all of Mosul soon with God ‘s help.”
He concluded Abadi congratulate him by saying , “Congratulations to Gyari in land, air and naval forces in all its different forms and formations .. and greet each soldier and officer and all the mattresses, peace be upon the heroic martyrs makers victories and wounded brave fighters steadfast and greetings to their families a decent sacrificial presented her children Fdaoua for Iraq and its people.”
alliraqnews.com END
rcookie says():The Pentagon,” declares the killing of a senior commander of the Daesh following the raid of the alliance in Syria
By Roudao Roudao – Erbil Announced the US Department of Defense (Pentagon), on Friday, killing of Mahmoud al – Issawi, a leader of the organization “Daesh” terrorist, was killed by an air strike for “international coalition” over the Syrian city of Raqqa, last week.
The US Central Command operations for the central region, said in a statement: “Coalition forces killed the leader and coordinator of the Daesh stationed in Syria, due to specific air raid carried out in December 31 / December 2016, the city of tenderness.”
She Command, responsible for US military operations in the Middle East, “Mahmoud al-Issawi was a member of Daesh for a long time, and support the media and intelligence structure of the organization in Fallujah (western Iraq) before leaving to tenderness.”
She pointed out that “al-Issawi was responsible for the instruction flow and funding between the areas controlled by the organization and its leaders, and support for the means of propaganda and intelligence.”
Also made it clear that “al-Issawi, it is also among the 16 senior leader responsible for external network operations of the organization, who managed to kill coalition of 2016,” without further details.
rcookie says():Near the transfer of powers of the three ministries file
5/1/2017 0:00 BAGHDAD / Omar Abdel – Latif said the coordinating body between the upper governorates not organized province near the transfer of powers of the three ministries to the provinces, while attributed to the Committee of the Regions and governorates not organized province of parliamentary delays due to some ministries and local governments.
The secretary general of the supreme body coordinating between the governorates not organized province Dr. Torhan Mufti in an interview with «morning»: The transfer of powers proceeding according to the agreed government perspective between local governments and the federal government, noting that with the adoption of the budget will be transferred Angels Ministries «Health, Education, and Agriculture »entirely to the provinces, while the Angels will be transferred to three other ministries during the next phase.
Mufti , who acknowledged the difficulty of the transfer of powers, however , it ‘s going according to clear and strategic plan, noting that the Council of Ministers decided to stop the transfer of powers to the provinces hot at the time that it is released.
The general secretary of the body that Salahuddin province liberated completely and therefore, the transfer of powers must go there, as well as a decision last continuously transfer of powers in Anbar to proceed with the local government of the Council of the province and district councils, counties and Alqaimmqamyat its business to be transferred powers similar to other governorates .
While, he saw a parliamentary committee on the mass of the Kurdish regions change by Mahmoud Reza said the draft transfer the powers of some ministries to the provinces is long overdue, noting that the federal government were not really possess the power to postpone or this article from the law of the provinces.
He satisfaction, in an interview for »morning», said the committee has always insisted on the need to apply the law as soon as possible, as it should have been the end of the transfer of the powers of the ministries whole in August of last year, but the government applied the law b »doses», as described .
Reza He said the government justifications for the delay was not convincing, but he also said some members of the committee were in favor of the government to delay the transfer of powers and assert that it is right, adding that the committee will be a great asset to the provinces in the application of this law by monitoring their performance and help diagnose mistakes and guide them to the right path to success in this task.
The Committee member Ahmed Salal al – Badri has led the ministries and local governments responsibility for delaying the transfer of powers to the provinces so far.
Badri said, in an interview for »Sabah»: that some departments and ministries ended their association and granted powers to the provinces, but the other ministries had stalled and procrastinated so much and still powers associated with them and did not transfer to the provinces.
And between – Badri said the intervention of some local governments in the work of the conservative cause in the delay of the transfer of powers as well, as the role of the councils is limited to legislation laws and censorship,
while there are some councils want to get more of these powers through intervention work Conservatives, expected to take the subject of transfer powers and take longer to experience the novelty and regularity of the functional departments and staff in training courses on the subject.
kalis says():
http://www.local10.com/news/shots-fired-at-fort-lauderdale-hollywood-international-airport
jetset says():not much – just enjoying watching ISIS run out of money…. they are almost WASWAS now!
jfd says():Saudi will give them more.
jeffusa says():RAQQA, Syria (Kurdistan24) – An Islamic State (IS) chief was killed by a coalition airstrike in Raqqa, Syria, US officials revealed.
Mahmud al-Isawi, a long-standing IS member who led the group’s media and intelligence was killed by a precision air strike in the de facto IS capital of Raqqa, Combined Joint Task Force (CJTF) reported.
Al-Isawi controlled the flow of instructions and finances between IS-held areas and IS leaders and provided support to propaganda and intelligence outlets.
jeffusa says():another one bites the dust…. and he was the money man
jetset says():Hasta la vista!
SRW says to jeffusa():Maybe that’s why ISIS is out of money.. Hope so… ({)
jeffusa says to SRW():finally blowing up the tankers and oil lead to this…
kalis says to Doug_W():what happen on 20
jeffusa says to kalis():new sheriff in town
jeffusa says):NORTH OF MOSUL, Iraq/BAGHDAD Iraqi troops entered Mosul from the north for the first time on Friday, part of a new phase in the battle for the city that also saw elite forces bridge a river under cover of darkness in an unprecedented night raid.
The operations were part of a major new push launched last week to seize ground in the city, after progress in the nearly three-month-old operation had stalled for weeks because of a need to slow the advance to protect civilians.
Troops would soon “cut the head of the snake” and drive the ultra-hardline group from its largest urban stronghold, Prime Minister Haidar al-Abadi said on Friday.
Doug_W says():thanks Jeff
bigrudy says():Happy new Year to everybody
Doug_W says():back at ya rudy
bigrudy says():Hoping that we will see an increase of the IQD in 2017
loop says():Iraqi forces launch nighttime raid as new phase of Mosul campaign unfolds
Fri Jan 6, 2017 | 8:28am EST By Isabel Coles and Saif Hameed | NORTH OF MOSUL, IRAQ/BAGHDAD
Elite Iraqi troops bridged a river under the cover of darkness to seize a district of Mosul in an unprecedented night raid early on Friday, part of a new phase in the battle to capture the city from Islamic State after weeks of slowed momentum.
Since last week, Iraqi forces have launched a renewed push to seize ground in the nearly three month-old offensive to capture the city, after progress stalled last month because of a need to slow the advance to protect civilians.
Iraqi forces would soon “cut the head of the snake” and drive the ultra-hardline group from its largest urban stronghold, Prime Minister Haidar al-Abadi said in a speech on Friday.
The battle for Mosul is the biggest ground operation in Iraq since the 2003 U.S.-led invasion. A victory by the 100,000-strong U.S.-backed pro-government force would probably spell the end for Islamic State’s self-styled caliphate that has ruled over millions of people in Iraq and Syria since 2014.
But the militants, who are thought to number several thousand in Mosul, continue to put up fierce resistance using suicide car bombs and snipers.
They carried out more attacks against security forces some 200 km south of Mosul on Friday, killing at least four soldiers, and are expected to pose a guerrilla threat to Iraq and Syria, and to plot attacks on the West, even if their caliphate falls.
A spokesman for Iraq’s elite Counter-Terrorism Service (CTS), which has taken the lead in much of the assault on the city, said the overnight raid across a Tigris River tributary in east Mosul had allowed troops to enter the Muthana district.
“We used special equipment and had the element of surprise – the enemy did not expect us to mount a night offensive because all previous offensives were during the day,” Sabah al-Numan told Reuters.
Iraqi forces have so far recaptured more than half of eastern Mosul, but they have yet to cross the Tigris to face insurgents who are still firmly in control of the western half of the city.
More than 100,000 civilians have fled, but 1.5 million people have stayed behind in the city, which commanders say forced the government troops to slow their advance.
The new phase in the battle has put U.S. troops in a more visible role than at any point since they withdrew from the country in 2011. President Barack Obama, who pulled all U.S. forces out of the country, has sent thousands back as advisers since Islamic State swept through the north in 2014.
In the new phase of the operation, U.S. forces deploying more extensively in support of the Iraqi army, federal police and CTS can now be seen very close to the front lines.
U.S. forces located south of Mosul fired HIMARS vehicle-mounted rockets at Islamic State targets in a northern district on Friday. Iraqi army units were positioned for an advance on the area from the north, a Reuters correspondent at a military position near the front line said.
The commander of the U.S.-led coalition backing Iraqi troops said this week the army and security forces had recently improved their coordination and were gaining momentum after advances had slowed in some areas in the first two months.
loop says():Islamic State forces swept into control of a third of Iraq when the army abandoned its positions and fled two years ago. But the Iraqi government says its security forces have since been rebuilt and have proven themselves in the battle to recapture the lost ground. Prime Minister Abadi praised the Iraqi army on the anniversary of its establishment.
“The Iraqi army today has combat experience it has won in the war against terrorism … and is achieving victories and is clearing cities and villages,” he said in a statement.
‘HEAD OF THE SNAKE’
“The fight against terrorism is in its final round. Our forces … will cut off the head of the snake and clear all of Mosul soon, with God’s help,” Abadi said.
Abadi initially pledged the northern city would be retaken by the end of 2016, but after the offensive slowed he said last month it would take three more months to drive Islamic State from Iraq.
The fighters retreated from villages and towns around Mosul in the early stages of the campaign, but put up fierce resistance inside the city itself, deploying suicide car bombs and snipers, and avoiding retaliation by hiding among civilians, a tactic Baghdad says amounts to using them as human shields.
One resident in the recently recaptured Mithaq district said life was slowly beginning to return, with traders selling food and other supplies on the streets, but that mortar shells fired by Islamic State militants were falling at an increasing rate in the area, and killed several people on Thursday.
Although most Mosul residents have stayed in the city, more than 2,000 a day are fleeing, according to the United Nations, some heading for increasingly crowded camps in the surrounding countryside.
Islamic State has meanwhile launched attacks elsewhere in the country in what could be a taste of the tactics it will resort to once it loses Mosul.
Militants attacked an Iraqi army outpost and a police station near the city of Tikrit on Friday, killing at least four soldiers and wounding 12 others, military and police sources said.
The militants used a car bomb and two suicide attackers in their assault shortly after midnight on the army outpost in the town of al-Dour on Tikrit’s outskirts, killing two officers and two soldiers, the sources said.
Gunmen separately attacked the police station a short distance away and set fire to the building before fleeing the area. There were no casualties from that attack, the sources said.
A series of bomb attacks in Baghdad in recent days, some claimed by Islamic State, have killed scores of people.
(Reporting by Isabel Coles, Saif Hameed and Stephen Kalin; writing by John Davison; editing by Peter Graff)
http://www.dinarupdates.com/showthread.php?45247-Iraqi-forces-launch-nighttime-raid-as-new-phase-of-Mosul-campaign-unfolds-(Reuters)
loop says():Al-Baghdadi al-Qaeda leader accused of lying and slander
Department: Arab and international Published on: Today, 12:09
BAGHDAD / Sky Press:He accused the leader of “Al Qaeda” terrorist Ayman al-Zawahiri, the leader of “Daesh” Abu Bakr al-Baghdadi, lies and slander to tarnish the image of al-Qaeda and its activities, stressing that the priority in the “jihad” should be to strike America.
Zawahiri said in a message posted on the Internet Thursday January 5 entitled Our message to our nation: “Non-God will not kneel,” The distortion and intimidating and alienating campaign mounted on the “mujahideen”, and was among those who participated in this campaign Kmabo (Abu Bakr al-Baghdadi).
Zawahiri added that the liar (Abu Bakr al-Baghdadi) claimed that the rule does not atone idols, and gasping behind the majority, and praising the (Egyptian President isolated) Mohamed Morsi, for Apple and called for the involvement of Christians in government.
He added that al-Baghdadi’s followers claimed that the rule does not atone Shiites, explaining that he had asked them several times to leave bombings in markets and mosques and Shiite mosques, and focus on the military and security forces, police and Shi’ite militias.
Zawahiri called for the revival of Muslim jihad to liberate the nation from the occupation of the infidels, as he put it, saying America and its allies first goal.
Experts say that since the death of al-Qaida founder Osama bin Laden in the process of US special forces in Pakistan in 2011, he found himself forced al-Qaeda to cope with the absence of its leader and the rise of Daesh organization, which now leads the terrorist threat in the worl
http://www.dinarupdates.com/showthread.php?45243-Al-Baghdadi-al-Qaeda-leader-accused-of-lying-and-slander-1-6
loop says():Expert: the banking system dropped to the low internal trade
7/1/2017 0:00 The movement of labor and the adoption of the Deposit Insurance Act supports his
BAGHDAD / Hussein Tgb / Shokran Fatlawi build a developed banking sector is based on trust with the beneficiary , whether companies or citizens is the most important pillars of building a strong economy , the size of the wealth owned by Iraq, and the internal trade movement have a positive impact to activate banks need to transfer liquidity between different cities.
Central Mstcharalpennek Walid Idi said that « the Central seeks to achieve progress in the reform of private financial and banking sector and maintain adequate reserves to cover the exporting currency, amounting to more than 40 trillion Denarodman cover the value of imports for a period of 6 months».
He called economic experts in more than one occasion pass guarantee deposits , which encourages the transfer of the money supply storehouse of homes in excess of $ 20 billion to the banking system and using them to serve the economy law.
He added in an interview with «morning» that actually perspective confirms that a solution is in sight through reconsider economic and financial policy, and give a greater role to the private sector,
as well as addressing the effects of lower oil prices by increasing oil and gas exports and reducing government expenditures, and provide legislative environment appropriate to ensure the transition from a centralized system to a market economy , which will put the country on a new stage in the economic prosperity and progress in the medium term threshold.
And between Idi that the banking sector is also affected by the low volume of trade exchange between Baghdad and the provinces up to 80 percent in 2016 compared to 2015, as reflected negatively on economic activity, and thus Aneksh on low incomes, royalties and taxes, not to mention the low contribution of the agricultural and industrial sectors in the gross domestic product total to (4 percent) of them (2.5 percent) and agricultural sector (1.5 percent) for the industrial sector , according to Idi.
He explained that the relative unemployment rose from 11 percent in 2014 to 19 percent in 2015 as a result of the war with gangs «Daesh» terrorist or nearly a quarter of the population, which led to rising poverty index ratio to about 30 percent of the population , or approximately ten million citizens.
Idi between that of things that carry a negative impact on the economy and the movement of liquidity reduction allocated in the investment budget amounts for the purpose of establishing new projects with low implementation in the majority of the projects,
as well as failure to allocate new resources or insufficient to establish investment projects in 2017 and limited to the completion of projects in the pipeline as well as the growing phenomenon of cash leakage outside the framework of the banking system, estimated at up to 37 trillion dinars of the total currency in circulation amounting to 43 trillion dinars , up to July 2016 compared with 3 trillion dinars in the banking system , ie (87 percent).
Also , the low number of dealers with the banks, who can afford up to 6 million people , or by (12 percent) of the total population because of the low awareness of the bank, and the growing phenomenon of poverty and lack of commitment by some banks to fulfill their obligations to depositors, weaker confidence in the banking system and led social groups and economic to withdraw their deposits and Aktnazha in housing.
For his part , member of the World Union of Arab Bankers Islamic banks and financial institution that acts as a financial intermediary between the two categories of savers and investors d. Sadiq al – Shammari said the financial institutions contribute to promoting economic and social development in the environment in which it operates, pointing out that the objective of these institutions to achieve economic development and improve the living standards and social solidarity in order to ensure sustainable development.
loop says():The Al – Shammari said that Islamic banks despite the continuous expansion horizontally in most countries of the world, but it faces a series of challenges often hinder progress in the laws of Islamic banks and private governing its relationship with the central banks , such as reserves and liquidity and funding constraints which put on the pattern of Western laws rate governing the activities that does not fit the nature of Islamic investment.
Shammari said the banking business requires special qualified and qualified administrative trained to be familiar with the nature of banking, that they are different from traditional banks, pointing out that the process it is done through the organization of specialized courses and workshops in collaboration with international bodies such as the General Council of Islamic Banks and Training Institute of the Islamic bank development.
The banking expert Mohammad Ali Jaber student working on the deployment of banking culture that have an impact on the dollar ‘s exchange rate against the dinar, stressing the importance of adopting means working to expand the deployment of banking culture base , which urges the public beneficiaries to deal with the banks and not to follow the culture of hoarding money in homes owned by citizen.
He said in an interview for «morning» that citizens who begin to deposit their money in private banks , he has to be confident that it is investing in the right direction and that there is protection for his money , which can move calculated continuously without problems, pointing to the need to expedite the enactment of appropriate laws to this trend.
Jaber urged the importance of accelerating the pace of work and the establishment of a deposit insurance company being established under the umbrella of a law guaranteeing the right of depositors, and the administration to the company ‘s board consists of private banks to participate and operate in accordance with the mechanisms and guarantees provided to deposits that mean private banks.
http://www.dinarupdates.com/showthread.php?45249-Expert-the-banking-system-dropped-to-the-low-internal-trade-1-6&p=167795#post167795
loop says():Economic reform efforts within Iraq prepares for the issuance of sovereign bonds
7/1/2017 0:00 BAGHDAD / Mustafa al – Hashemi after the completion of the first step to ensure the sovereign loan, Iraq is to prepare for the issuance of sovereign bonds and sell them in the global financial markets , the threshold to achieve returns reduce the budget deficit and ensure the continued funding of the operating budget, according to year ‘s budget law in 2017 ,
which recently passed, this fiscal deficit covered from domestic borrowing (local bonds the Treasury) and external borrowing and remittances (through the issuance of sovereign bonds and international loans) and amounts retained cash in the Ministry of Finance account of the Federal in this regard ,
described as an economic researcher Firas Amer to ensure that the amount of the issuance of the Iraqi bonds by the United States of It would enhance the chances of achieving the desired returns from issuing international bonds Iraq.
Amer said in an interview for the “morning” that this step enhances the feasibility and supported in the global securities market, especially as the credit rating of the country is known to all nations wishing to buy Iraqi bonds being, this Convention has become more assured.
A statement by the US Embassy that ” the loan guarantee confirms the enduring commitment of the United States of America to the people and Government of Iraq in their battle against the ” Daesh, “pointing out that he” has been designed to ensure the loan to support Iraq financially in his quest Gahd to complete the liberation of Iraq from “Daesh” and continue the important economic reforms In order to restore growth and prosperity. ”
And that” the signing , which took place today is the first step to put the finishing touches to ensure the sovereign loan, “adding that ” the sovereign loan guarantee provides additional support to Iraq as a partner strategic to the United States of America , stable and self – reliant. ”
He added that” the second step in the formal exchange of diplomatic memoranda between the United States of America and the government of Iraq, under which the US government to ensure the payment of the amount borrowed and the interest of the issuance of sovereign financial support by Iraq , including a total of billion dollars , “expected” to proceed with the second step of the process in the coming weeks the government . ” .
She stressed the Chargé d’affaires of the Embassy of the United States of America , Stephanie Williams, during the signing ceremony, the solidarity of the people and the government of the United States with the people and government of Iraq ,
saying : ” the funds will help the government on food, water, shelter and medical care to the most vulnerable Iraqis to provide and allow them to benefit from government services such as education and health care that will enable them to build a promising future brighter. ”
She stressed that ” the loan guarantee agreement in this day shows that Iraq continues to progress towards achieving its objectives in the economic reform for the benefit of the Iraqi people, under the strategic framework agreement.
According to the embassy statement , ” The US Embassy is working closely with the Government of Iraq to ensure that the current economic challenges affect the ongoing campaign to defeat the “Daesh.”
http://www.dinarupdates.com/showthread.php?45250-Economic-reform-efforts-within-Iraq-prepares-for-the-issuance-of-sovereign-bonds-1-6&p=167796#post167796
loop says():National Industries
7/1/2017 0:00 Ahmed al – Sumaidaie diagnosis of industrial development determinants and mechanisms addressed is the need for the development of domestic production in the various joints, and the reality of the case requires real implications Tdarsa the delayed implementation of the industrial initiative.
The industrialists agree on the importance of activating the industrial initiative in the country and the long – awaited, for its role in the activation of industrial production in various sectors, especially the elements of industrial production available to a large extent in the country.
But we recognize that private industry has the ability to support the Iraqi market requirements in many products including food that could save large sums general federal budget must be concerted national effort to develop this joint , which is the sovereign.
It keeps track of the reality of the industrial community and the relative achievements despite inter big challenges can indicates the presence of large capacities can be invested for the development of production in the various national industries.
They can also Nwcr that all manufacturers have a big desire to bring life to thousands of production lines and be an important tributary to the local market , one of the region ‘s largest market regionally.
And we can work to activate brought by the government program in this regard , while we focus on strengthening the role of the private sector and the activation of the approved national Balstrutejiat relevant and encourage strategic companies with local and foreign investors and competent, and the creation of the principle of competition in terms of quality of services and support for small and medium businesses by giving them loans soft.
Iraq must go to planting seeds of hope among manufacturers to go beyond all limitations that have prevented the activation of domestic production during the last period and to support industrial projects what is essential to activate the production of soft loans , electrical energy , which will reduce production costs.
The industrial sector , which leads to the achievement of food security and development, you need to plan a high degree of accuracy.
And we have to work towards reducing the gap between Iraq and the developed world industrial adoption of communication with economic blocs that want to work within the country and favors the establishment of specialized training centers , the development of human resources in various types of industries,
especially that Iraq is one of the young communities and this is a strength element in driving the industry to forward to invest in the industrial initiative loans manner that achieves the highest degree of economic feasibility.
http://www.dinarupdates.com/showthread.php?45251-National-Industries-1-6
jeffusa says to loop():hoping that now that they are not getting paid… the thugs will run
subgirl says():Economic reform efforts within Iraq prepares for the issuance of sovereign bonds
7/1/2017 0:00 BAGHDAD / Mustafa al – Hashemi after the completion of the first step to ensure the sovereign loan, Iraq is to prepare for the issuance of sovereign bonds and sell them in the global financial markets , the threshold to achieve returns reduce the budget deficit and ensure the continued funding of the operating budget, according to year ‘s budget law in 2017 ,
which recently passed, this fiscal deficit covered from domestic borrowing (local bonds the Treasury) and external borrowing and remittances (through the issuance of sovereign bonds and international loans) and amounts retained cash in the Ministry of Finance account of the Federal in this regard ,
described as an economic researcher Firas Amer to ensure that the amount of the issuance of the Iraqi bonds by the United States of It would enhance the chances of achieving the desired returns from issuing international bonds Iraq.
Amer said in an interview for the “morning” that this step enhances the feasibility and supported in the global securities market, especially as the credit rating of the country is known to all nations wishing to buy Iraqi bonds being, this Convention has become more assured.
A statement by the US Embassy that ” the loan guarantee confirms the enduring commitment of the United States of America to the people and Government of Iraq in their battle against the ” Daesh, “pointing out that he” has been designed to ensure the loan to support Iraq financially in his quest Gahd to complete the liberation of Iraq from “Daesh” and continue the important economic reforms In order to restore growth and prosperity. ”
And that” the signing , which took place today is the first step to put the finishing touches to ensure the sovereign loan, “adding that ” the sovereign loan guarantee provides additional support to Iraq as a partner strategic to the United States of America , stable and self – reliant. ”
He added that” the second step in the formal exchange of diplomatic memoranda between the United States of America and the government of Iraq, under which the US government to ensure the payment of the amount borrowed and the interest of the issuance of sovereign financial support by Iraq , including a total of billion dollars , “expected” to proceed with the second step of the process in the coming weeks the government . ” .
She stressed the Chargé d’affaires of the Embassy of the United States of America , Stephanie Williams, during the signing ceremony, the solidarity of the people and the government of the United States with the people and government of Iraq , saying : ” the funds will help the government on food, water, shelter and medical care to the most vulnerable Iraqis to provide and allow them to benefit from government services such as education and health care that will enable them to build a promising future brighter. ”
She stressed that ” the loan guarantee agreement in this day shows that Iraq continues to progress towards achieving its objectives in the economic reform for the benefit of the Iraqi people, under the strategic framework agreement.
subgirl says():According to the embassy statement , ” The US Embassy is working closely with the Government of Iraq to ensure that the current economic challenges affect the ongoing campaign to defeat the “Daesh.”
http://www.dinarupdates.com/showthread.php?45250-Economic-reform-efforts-within-Iraq-prepares-for-the-issuance-of-sovereign-bonds-1-6
magnetlady says():I sure thought the dow was going to hit that 20,000 today. It got within breathing on it. It was something like 19999.67 at one point earlier today. but closed at 19,9967.?? or something around there.
subgirl says to magnetlady():did not realize that… hmm…
jeffusa says to magnetlady():it was close
magnetlady says():it ended the day at 19,963.80 just lookd it up
Read More: http://www.dinarupdates.com/showthread.php?45240-Friday-January-6-2016/page2
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