Excerpts & Highlights
faith1 says(): i’m pretty excited about the news lately… well for us it’s been a few months of real excitment… and a few too many years of waiting….watching..
i suppose it’s all in perfect time and right on time… you see ,, i have to give myself that PEP talk OFTEN!! reading about shabibi possible comming back to CBI gave me a renewed confidence…i haven’t seen OR maybe i missed if that happened or is in motion… ?? anyone?? Make it a great day ALL …. (L) (v)
thomas1 says(): well here it mid week and all this great new and still nothing on the rv ..
i am going to take a brake and see what lies and excuses they come up with in first week and march 2016 . like poppy 3 said all they do is lie .. malki is still calling the shots per my contact who have famliy living over there and in GOI .
It is ashame that his group which only a small percentage is ruining for all … my real contact he real does care what the imf ,the pope or anything else claim his country is still a mess and that why his brothers have offices here and in london fact and truth .
so i taking a brake until 3/01/2016 for all the great news and all the great let down and excuses … i feel for poppy3 and millionday cuz they do the best they can dealing with these lies over there ..
for BGG ,Mrs BGG and rcookie i take my hat of to them cause if it was not for them we would be confuse . these people really go out of the way for all us …. God Bless them
rcookie says(): POSTED SOME INTERESTING INFORMATION CONCERNING THE PUBLIC FINANCIAL MANAGEMENT REFORMS IN THE IMF LOI/MEFP/TECH MOU…
THIS ONE FROM THE WORLD BANK..IRAQ’S PFMP (PUBLIC FINANCIAL MANAGEMENT PROGRAM) ON FEBRUARY 28, 2014….
rcookie says(): IRAQ: Public Financial Mgmt Reform
ABSTRACT*
The objective of the Public Finance Management (PFM) Project is to support the Government of Iraq’s (GoI) efforts to develop more effective, accountable, and transparent public financial management.
The project has four components: 1) strengthening budget formulation and implementation; 2) strengthening public sector procurement; 3) strengthening budget execution and implementation; and 4) capacity development and project management.
To achieve component goals, the project finances international and local technical assistance, limited procurement of goods, and significant capacity building measures for relevant public sector staff. The eventual outcome of the project is that relevant government authorities
Read More
http://www.dinarupdates.com/showthread.php?29723-Iraq-Public-Finance-Management-Program-PFMP&p=144601#post144601
rcookie says(): HANG IN THERE THOMAS…
rcookie says(): in Iraq, at all levels, have new systems in place, including the appropriate training framework, to enable them to provide the more effective, efficient, and transparent, management of public resources.
The project focuses on a few critical activities deemed achievable in a relatively short timeframe. In each component, the focus is on relatively straightforward ‘process’ interventions, capacity building, and donor coordination. These design features are based on lessons from the last few years of experience with projects in Iraq as well as the lessons from PFM projects in post-conflict situations.
IRAQ PFMP Public Financial Management Program February 28, 2014
http://www-wds.worldbank.org/externa…d020280140.pdf
http://www.worldbank.org/projects/P110862/iraq-public-financial-mgmt-reform?lang=en
http://www.worldbank.org/projects/P1…reform?lang=en
http://www.worldbank.org/projects/P110862/iraq-public-financial-mgmt-reform?lang=en
Read More :
http://www.dinarupdates.com/showthread.php?29723-Iraq-Public-Finance-Management-Program-PFMP&p=144601#post144601
rcookie says(): THE LINKS ARE FOR THE WORLD BANK DOCUMENTS…..
rcookie says(): GONNA POST SOME GGOD STUFF THROUGHOUT DAY…RELATIVE TO IRAQS POSITION OF IMF END OF FEBRUARY REVIEW.
rcookie says(): THIS IS FROM PAGE 33 OF 2016 IMF LOI/MEFP/TECH MOU
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.
subgirl says(): thank you rcookie, that is pretty detailed… I like the assistance of the World Bank written in there… and a date in there too.. end of April2016…
subgirl says(): road maps/requirements detailing… Very good!
rcookie says(): THIS IS ALREADY DONE…AND HAS BEEN BEING WORKED ON BY USAID (US AGENCY FOR INTERNATIONAL DEVELOPMENT) SINCE 2009….
HERE IS THE LINK THAT DESCRIBES IRAQ FINANCIAL MANAGEMENT SYSTEM ASSESMENT….VERY INTERESTING AND DEMONSTRATES HOW EARLY IRAQ HAS BEEN WORKING ON….
THE IFMIS UPDATE & PERFORMANCE REVIEW OF 2013 CAN BE FOUND ON PAGE…. XII ON WORLD BANK REPORT http://www-wds.worldbank.org/externa…d020280140.pdf
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/03/05/000333037_20140305113227/Rendered/PDF/ICR29180P110860C0disclosed020280140.pdf
HERE IS LINK TO ORIGINAL 2009 USAID IFMIS ASSESSMENT…
http://pdf.usaid.gov/pdf_docs/Pnado270.pdf
http://pdf.usaid.gov/pdf_docs/Pnado270.pdf
larrykn says(): so the Financial management is complete then rcookie?
B_Dee says(): http://usherald.com/video-islamic-ex…ampaign=fbext#
http://usherald.com/video-islamic-extremists-fire-jets-anti-air-gun-gets-noticed-explosive-way/?utm_source=jp&utm_medium=extremistsnoticedexpolsive28&utm_campaign=fbext#
VIDEO: Islamic Extremists Fire At Jets With Anti-Air Gun, It Gets Them Noticed In An Explosive Way!
subgirl says to rcookie(): AWESOME!!! 🙂 wonderful that it is done!
monique13 says(): Good morning everybody…is it my imagination or are things moving even faster than before???
subgirl says to monique13(): GM and I think you are correct!!!
larrykn says(): gm ,, we are getting there 🙂
rcookie says(): HERE IS THE LINK TO JULY 19, 2010 AUDIT REPORT….ROM THE OFFICE OF INSPECTOR GENERALAUDIT OF USAID/IRAQ’S IMPLEMENTATION OF IFMIS….
https://oig.usaid.gov/sites/default/files/audit-reports/e-267-10-002-p.pdf
https://oig.usaid.gov/sites/default/…7-10-002-p.pdf
subgirl says to monique13(): I think this month is interesting to see what all is accomplished! already rcookie has brot in page 33 of the imf and is done!
rcookie says to larrykn(): IFMIS WHICH HAS APRIL REVIEW IS…
monique13 says to subgirl(): AWESOME!!!
larrykn says(): thats a good thing rcookie 🙂
subgirl says to monique13(): on page 33 the review on the IFMIS that is done… sorry..
subgirl says to monique13(): better get that right! lol
tman23 says): A source revealed to BasNews that US officials have made it clear that they can provide salaries for 35,000 Kurdish forces only if they are operating under the control of KRG’s Peshmerga ministry. “However, talks are continuing as the Peshmerga ministry has requested more funds,”
the source added. Spokesperson for the Peshmerga Ministry, Jabbar Yawar, confirmed to BasNews that they held a meeting with the US envoys and some members of the congress in Erbil on Monday, February 9th, but an ultimate decision is yet to be made by the US officials.
It may take a while as the request needs to receive approval from both the US Senate and Congress,” Yawar added.
He expects the sides to reach an agreement during the upcoming week. Despite recognising them as part of the Iraq’s defence forces, the Peshmerga has not received a budget and weapons from the Iraqi central government for several years. Kurds insist Iraq’s failure in providing the Peshmerga budget is a legal proof.
tman23 says(): The territory’s farming Minister Abdul Sattar in statement obtained by (treasures media) that “reaction and reciprocity are forbidding agricultural products produced in Kurdistan or imported from other countries pass through our territory to the southern regions.
Majeed said that “the territory did not decide to cut the water toward the Tigris River, but will not release the excess water and only normal amounts.
Agriculture Minister threatened the Kurdistan region Abdul Sattar Majeed, Monday (8 February 2016), the Federal Government reduced the proportions of water flowing from Kurdistan to other provinces if Baghdad to prevent the entry of poultry production to the Central and southern governorates.
tman23 says(): The local government declared in Basra on Tuesday, a supreme body to maximize financial earnings after earlier conservative safe money due to financial hardship caused by low oil prices,
the Commission demanded government departments operating in Basra to hand over their revenue to the local government and not transferred to the Finance Ministry………adding that “the local government is in the process of opening a new bank account in preparation for taking a share of the revenue 50% border under the provincial Act No. 21 of 2008……
rcookie says to larrykn(): THIS IS ANOTHER INITIATIVE FROM THE 2016 IMF LOI/MEFP/TECH MOU…AND SOMETHING TO BE WATCHING FOR AS AN UPDATED AND AMENDED FINANCIAL MANAGEMENT LAW…
rcookie says to larrykn(): OOPS SORRY LARRY..
larrykn says(): thats ok I’m watching 😀
rcookie says(): UNDER PUBLIC FINANCIAL MANAGEMENT REFORMS….
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).
tman23 says(): So we see Abadi refusing to pay the Peshmerga salaries and not supply them with weapons…… We see the Kurds not allowing imports or Kurd products out of their borders to southern Iraq……
We see Basra local government opening their own bank account and keeping 50% of border revenue, AND not send the money to the Finance Minister Office……. IT APPEARS THEY ARE ALL VERY HAPPY…..eg ??
rcookie says(): HERE IS A LINK TO THE FINANCIAL MANAGEMENT LAW AND PUBLIC DEBT LAW THAT WE ARE LOOKING FOR UPDATES AND AMENDING TO…..
http://www.iraqcoalition.org/regulat…ex_A_and_B.pdf
http://www.iraqcoalition.org/regulations/20040604_CPAORD_95_Financial_Management_Law_and_Public_Debt_Law_with_Annex_A_and_B.pdf
angus says(): Iraq deploys thousands of troops north of country to retake Mosulhttp://www.iraqinews.com/iraq-war/iraq-deploys-thousands-of-troops-north-of-the-country-in-preparation-to-restore-mosul/
angus says(): Iraq: Troops Have Fully Recaptured Ramadi http://www.voanews.com/content/iraq-…i/3182979.html
http://www.voanews.com/content/iraq-says-troops-have-fully-recaptured-ramadi/3182979.html
larrykn says(): you know I just realized that the US sent a whole divison of the 101st airborn over there, that is a lot of well trained troops
Papatom says(): I think i shoulda been a weather man. they seem to be the only profession where you get paid a LOT to be wrong….
Papatom says(): our ground is lightly covered in white…never in the forecast…. RickeyT (howdy) no they get paid a lot to lie! …er hu…exxagerate and tell un truths….
Baxter1243 says(): Yep…missed another one on the Cards being loaded… (lol)
Baxter1243 says(): How many times have they been loaded in the last couple of years… 😀
subgirl says to Baxter1243(): well we do not know what yet everything happening over there so you just stay positive!!
clay says to Baxter1243(): Hey Bax I see same O
clay says to Baxter1243(): suprise suprise (lol)
Baxter1243 says(): Yep (lol)
Baxter1243 says(): I saw a live TV shot in Baghdad last night..and guess who was speaking?? Good Ol Maliki.. who is supposed to be in jail.. (lol)
Baxter1243 says(): I dont know what he was saying…. but he was sure pointing some nasty fingers.. 😀
jd says(): Maliki and his buddies the Iranian malitias maybe the hold up?
subgirl says(): remember the IMF has a schedule!!! don’t forget that!!! and Iraq is right on target and ahead for most part it sounds like!! So stay positive!!! It will happen and I doubt M has anything to do with it… IMO
tman23 says to Baxter1243(): Are you sure ?? Because Maliki has no influence anymore……. LOL
larrykn says(): jd I don’t know why you say there is a hold up, rcookie bring us all kinds of info on what needs to get done and what is done, there is no holdup its a process
Baxter1243 says(): tman… well…. one thing for sure… his ugly face is very recognizable… (lol)
jd says(): Very hard to tell IMO.
subgirl says to larrykn(): thats right in fact, they are ahead of schedule!!!!
rcookie says to tman23(): YEAH…WE ARE ALL WRONG….MALIKI IS THE SUPREME PUPPET MASTER TO THE WHOLE PROJECT AND COUNTRY….LOL
rcookie says(): ON PINS & NEEDLES FOR CONSPIRACY DU JOUR….LOL
jd says(): Frank 26 call on Recaps if true says there are only 70 honest members in parliament.If true,Im not sure if they can function on that.
Baxter1243 says(): JD… thats a lot more that I thought.. 😀
rcookie says to jd(): AND THE QUANTATATIVE MEASURMENT FOR THAT STATEMENTS WOULD BE…….
rcookie says to jd(): HOW DID HE COME BY THAT CONCLUSION………..
Woodywoodpecker says(): ,thats 70 more than we have
jd says(): Who knows???(lol)
rcookie says to jd(): THEN WHY REPEAT….NEVER HEARD OF A MORE RIDICULOUS STATEMENT…WELL I DIGRESS…
Holly1 says to subgirl(): The government only withdraw “financial laws” to be adjusted to suit the reforms Editor: 02/09/2016 00:53
rcookie says(): HERE IS AN ARTICLE FROM MID JANUARY REGARDING STATEMENTS FROM CHRISTINE LEGARDE…
AND THE PUBLIC FINANCIAL MANAGEMENT (PFM) REFORMS IRAQ IS UNDERTAKING IN THE LOI/MEFP/TECH MOU…
AND SOME OF THE PROGRAMS WE WERE TALKING ABOUT EARLIER THIS MORNING….LIKE IFMIS…TSA..AND THE FINANCIAL MANAGEMENT LAW…..
rcookie says(): OOPS SORRY HOLLY…
Holly1 says to subgirl(): Trade denies the existence of pressure from the IMF to cancel the ration attributes the delay “for lack of appropriations.”
Author: AHF Editor: AHF, HH 09/02/2016 17:36
Holly1 says to subgirl(9:34 AM): Denied, Minister of Trade and agency Mohamed Xiaa Sudan, on Tuesday, there was any pressure from the International Monetary Fund to cancel the ration card or stop the processing of the citizens, and as he emphasized that the Iraqi government has allocated funds to support and provide the ration card items, the reasons for the current delay in the supply attributed to “a few customizations Finance of the government of the items of the card. ”
Said Mohammed Shia ‘Al Sudani said in a statement received (long-Presse) a copy of it, “the Iraqi government does not have any intention to cancel the ration card or stop the processing and supply operations and distribution covered by the ration card system,”
denying “his father’s attempt to cancel the ration card through the pressures exercised by the the international Monetary Fund on the Iraqi government to grant loans to Iraq and that all Menzdd is just rumors some parties trying to promote it in a while. ”
Holly1 says to subgirl(9:35 AM): Sudan, adding that “the IMF would give countries the economic proposals and projects to support,” but he also said, “But there is the insistence of the government to continue to support the ration card project, despite the difficult financial circumstances facing the country has been allocated two billion eight hundred million dollars a counterbalance for the ration card in the 2016 budget.” .
Sudan said that “this amount in itself support even though he did not meet the needs in an integrated manner, but lead to the arrival of food to citizens in this difficult situation,”
pointing out that “the variation in the processing of the ration card items due to lack of financial allocations from the general budget, which fell about half what was allocated in the past years, which amounted to six billion dollars. ”
Holly1 says to subgirl(): Sudan and stressed that “the Ministry of Commerce has developed a plan to address the lack of customization by relying on the national product and the scrutiny of the names in the ration card and raise the deceased and repeated names and the formation of committees to re quantities delivered to members left the country or are not covered by the ration card system.”
Sudan and pointed out that “this year will see the development pointing in most food vocabulary processing in light of the events witnessed by the last year of the procedures and mechanisms began to fight corruption and implement reforms and conduct a comprehensive management changes included the important sites have the effect of contracting, procurement, control and audit processes”,
hoping to “if the distribution of the entire vocabulary available funds allocated by the budget and even though I said it in a streamlined and not to delay in the Ministry of Finance.”
Holly1 says to subgirl(): The Minister of Trade and agency Mohamed Xiaa Sudanese detection, (January 12, 2016), that the public budget for the current year 2016, has allocated 2.5 trillion dinars for the ration card while the expenses of six trillion dinars, confirmed, ”
It’s not enough,” and while denied the existence of the intention of the government to cancel the card ration, the private sector called for the establishment of manufacturing of sugar and oil.
It is noteworthy that the majority of Iraqis are dependent on content provided their ration card in their daily lives since the start of the international embargo on Iraq in 1991 after the invasion of Kuwait, with an estimated value of these materials per capita in the domestic market by about ten dollars not counting children’s milk, while obtained them through the ration card $ 500 dinars, equivalent to $ 0.40.
clay says(): wow .40
Holly1 says to clay(): GM…. pretty sad …. wow .40
clay says(): My God so so sad
foxmulder says to clay(): yes it is , makes you wonder why they just drag their feet a the expense of the citizens
Pablo says(): I thought the IMF was supposed to be stopping the foot dragging.
Baxter1243 says(): Clay…Yep… but they are gonna buy BONDS…
clay says to foxmulder(): great question only if the leadership really cares for their people…GM buddy 🙂
Dinar Investor says(): Reallly sad that would mean a 25k note is worth like 20 bucks I can imagine they need truck loads for groceries
rcookie says to Pablo(): WHAT ARE YOU TALKING ABOUT
joyojoy says(): so what does .40 buy in Iraq?
foxmulder says to joyojoy(): venture to say , not much !
clay says to joyojoy(): not much maybe foodstamps 😎 GM
john09 says(): the rich get richer… the poor get poorer…where have we heard that before?
rcookie says to Pablo(): THE SUGGESTED CANCELING OF THE RATIONS CARD PROGRAM BY THE IMF/WB WAS ONE OF MANY FISCAL TIGHTENING MEASURES PRESENTED TO NOT ONY IRAQ…BUT EVERY…EVERY…EVERY ME OIL RELIANT NATION…
foxmulder says to joyojoy(): and Maliki’s son buying the million $ house in england , whats wrong with this picture
Pablo says to rcookie(): Ahhh.
Pablo says to rcookie(): What’s your take on all the fighting in parliament on Sunday?
Dinar Investor says(): Can’t wait until all this is over.
clay says to Dinar Investor(): hey brother me too
Dinar Investor says(): Wonder if they are still on track for Amnesty during the weekend, I saw a huge list of names with M right at the top. That little bloodsucker.
clay says to Dinar Investor(): My only hope is what the IMF told us
rcookie says to Pablo(): CANT HAVE ALL THESE PROGRAMS THAT COST MONEY…AND THEN WHINE AT EVERY MOMEN T ABOUT THE PRICE OF OIL…WHILE YOU CONTINUE TO RAMP UP PRODUCTION…AT EVERY OPPORTUNITY!!!
clay says to Dinar Investor(): workin and waitin
clay says to Dinar Investor(): how you been
rcookie says to mfree05(): AGRRED!!!…LOOKING TO LAY DOWN ON A KNIFE!!
joyojoy says(): so if 500 dinars will buy a bag of flour and 3 bananas now, after revaluation that same 500 dinars will buy 3 bags of flour and 9 bananas if the reval is 3:1?
joyojoy says(): purchasing power?
clay says to joyojoy(): right
rcookie says to joyojoy(): TELL HER WHAT SHES WON JOHNNY!!!!
mfree05 says(): Yeah rcookie, the plan has been given to us by IMF, as you say we are seeing it unfold in front of our eyes now! item by item.
rcookie says to mfree05(): DONT KNOW HOW PEOPLE CAN FUNCTION WITH THAT KIND OF OULOOK…
clay says to rcookie(): like Mr White once stated if planning a vacation in 6 months y wait till then to book your trip makes no sense
Holly1 says(): has signed a contract with a company extension (Boeing) for the replacement of a number of aircraft,” noting that “the Council on condition of carrying the contract extension any financial burden and a feasibility study for the ministry, and taking care not to detract from the quality of the aircraft.”
The source, who asked not to be named, said: “The Council also decided to postpone the hearing late on benefits for government private sector banks.”
Holly1 says(): just bringing in news go ahead and talk 😀
rcookie says to Holly1(): THA ARTICLE TOTLE IS DECEIVING….
Dinar Investor says to clay(): I have a problem with authority lol
mfree05 says(): rcookie, I am still confused by what is meant by exchange “distortions”. maybe meaning the current and artifical program rate?
Dinar Investor says to clay(): People do stuff backwards all the time at work.
Dinar Investor says to clay(): Eh, at least If I yell at myself it’s not so bad!
clay says to Dinar Investor(): u nut lol
NWBeauty says(): in Iraq it would be exchange EXTORTIONS the spread beats the little guy to a pulp
Dinar Investor says to clay(): That’s Mr. Nut LOL (lol)
rcookie says to Holly1(): THAT TITLE IS DECEIVING..THE BOEING CONTRACT FOR IRAQI AIRWAYS EXPANSION CONFIRMED…
AND REMEMBER OPEN TO INT’L INVESTMENT……AND LINE ITEM IN 2016 BUDGET…WITH INSURANCE UNDERWRITING….
Holly1 says to rcookie(): Central confirms its ability to meet the market needs of hard currency during the first half of this year 02/09/2016
rcookie says to Holly1(): THEY ARE NOT DOWNGRADING THE AIRCRAFT THEY ORDERED FROM BOEING…
Dinar Investor says to NWBeauty(): Lot’s of great news since then. Just because it’s slow in the chatroom doesn’t mean the wheels arn’t turning. Lots of great things in the works! Just need patience to see it play out
Holly1 says to rcookie(): BAGHDAD / JD / .. ruled out of the economic and investment commission in Parliament, asylum central bank to raise the price of the dollar against the dinar amid the financial crisis, saying that the central able to meet the market needs of hard currency for the time being.
Said committee member Rep. Najiba Najib told / KD /: The committee met with the Governor of the Central Bank on the Keywords few days ago to discuss the repercussions of the
rcookie says to Holly1(): JUST WHAT YOUR CONTACTS WERE COMMENTING ON YESTERDAY…
Holly1 says to rcookie(): financial crisis on the dinar exchange rate against the dollar, noting that the central bank stressed that has no intention at the moment to resort to raising the exchange rate The dollar against the dinar.
She said the central bank also confirmed its ability to Horn to all the requirements of the local market of hard currency in the first half of this year, indicating that in the event of continuing financial crisis and the lack of revenue will resort to other solutions, including raising the value of the dollar.
Holly1 says to rcookie(): The parliamentary Finance Committee revealed earlier about the intention of the federal government and in coordination with the central bank to adjust monetary policy by raising the value of the dollar against the dinar amid the financial crisis faced by the country as a result of the decline in world oil prices. / End / 8 /
mfree05 says(): “raising the VALUE of the dinar” – like it
larrykn says(): raising the value of the dollar against the dinar would kill them
mfree05 says(): Thanks larrykn, see that now!
clay says to larrykn(): it sure would must be translation
Holly1 says to larrykn(): it will.. and Iraqis do not want that … they are saying on FB… dont buy the dollar
larrykn says(): I think that is the other way around
Holly1 says to subgirl(): Postpone repayment of loans with benefits from government banks 02/09/2016
mfree05 says(): Bottom line, if they go international at 1180 etc, the ship will sink in a few months.
Holly1 says to subgirl(): BAGHDAD / JD / .. Council of Ministers decided to postpone the repayment of loans with benefits from government banks, while preventing the production, import or handle asbestos and components.
A government statement received / JD / copy of it: that the Council of Ministers approved during its regular sixth recommendation of the Committee on Economic Affairs on the postponement of the payment of the borrowers loans with benefits from government banks who have debts of state institutions for contracting or equipment and are prompted to pay in light of repayments of debts on State institutions and in coordination with the city.
Holly1 says to subgirl(): He added that the Council agreed to authorize the Minister of Education permission to access to abide by way of payment on credit under contracts concluded for this purpose that are paid sums of those contracts within the budget of the year / 2017, and the Ministry of Finance to allocate amounts within a year / 2017 budget in addition to the amounts needed by the Ministry Education of the year and to instruct the Ministry of Finance / Accounting Department conduct the necessary funding for this purpose so that the Ministry of repayment obligations Bzmtha.
As approved, according to the statement to amend the Council of
Holly1 says to subgirl(): Ministers Resolution No. (353) of paragraph (2) to become (to authorize the Ministry of Education the power to meet the wages of exam services from students who wish to perform the test and recording (Deposit on behalf of the Ministry of Education) and disbursed for the purposes of examinations exclusively.
The Council called on the province of Najaf to secure the handle random overtaking on a plot earmarked for the city for scientific reference ground Sheikh (Mohammed Ishaq al-Fayad) by finding a piece of land suitable for this purpose, distributed to evacuation covered under the rules set by the province.
Holly1 says to subgirl(): The Council decided to prevent the production, importation or dealing asbestos and components set forth in the safety instruction in the use of asbestos (asbestos) (1) of 2002 and replace them with other alternatives. / End / 22 /
rcookie says to Holly1(): THIS WAS THE COMMENT FROM YESTERDAY HOLLY..
rcookie says to Holly1(): Yasir Khalid Albayatti
The solution is to refrain from buying dollars and Iraqi dinars handle all transactions to increase the demand for buying the Iraqi dinar and the dollar depreciates the other hand you know that when demand for a commodity increases as the price rises, and when demand falls, the price drops.
When discriminateBy a number wishing to buy goods on the number wishing to sell their price will rise and when the number wishing to sell a commodity than the number who want to buy them will drop their price. This is what the law of supply and demand, called Supply and Demand.
rcookie says to Holly1(): THEY WANT THE AUCTIONS STOPPED AS ASSURED WAY TO CONTROL DINAR VALUE IN MARKET….
Pablo says(): The sooner they get that done the better.
mfree05 says(): Who is Yasir Khalid Albayatti ?
rcookie says to mfree05(): 1 OF HOLLYS IRAQI BANKING CONTACTS…
Holly1 says to rcookie(): yes … But then again we know when Iraq post … most of the statements are monkey backwards as always hard to read them …. but the above I brought in came from the CBI….. HMMM
rcookie says to Holly1(): ALBAYATTI?
subgirl says to rcookie(): thank you for keeping me accountable!!! 🙂
subgirl says to Holly1(): uh oh lol
rcookie says to subgirl(): YOU BETTER BELIEVE IT!!…YVW
Holly1 says to rcookie(): NO… this one Central confirms its ability to meet the market needs of hard currency during the first half of this year
mfree05 says(): rcookie or Holly- it seems to me that stopping the MCP (auctions) is about the only major thing left to accomplish from the IMF LOI/MEFP/TECH MOU prior to being article 8 compliant and ready to go international? Am I missing anything else?
clay says to mfree05(): great question
CanuckLady says(): Alot of new faces in here, great to see (Tp)
rcookie says(): HERE IS AN ARTICLE FROM MID JANUARY..WITH COMMENTS FROM IMF AND CHRISTINE LEGARDE IN REGARDS TO PFM (PUBLIC FINANCE MANAGEMENT) REFORMS MONITORING/SUPPORT IRAQ WILL BE RECEIVING FROM IMF TOWARDS ECONOMIC POLICIES/ACTIONS…
TECNICAL ASSISTANCE..CAPACITY BUILDING…THAT WAS OUTLINED EARLIER TODAY WITH THE WORLD BANK DOCUMENT LINKS POSTED…AND USAID LINK OF IFMIS PROGRAM…
rcookie says): PUBLIC FINANCIAL MANAGEMENT REFORMS IN IMF LOI/MEFP/TECH MOU….
rcookie says(): IMF to work with Iraq on PFM reform
By: Emma Rumney 13 Jan 16 The International Monetary Fund will support Iraq in the implementation of its programme of fiscal consolidation and public financial management.
rcookie says(): IMF managing director Christine Lagarde approved the support, which does not entail financial assistance, yesterday. Instead of financial support, the fund will monitor the execution and performance of the Iraqi government’s economic policies and provide technical assistance and capacity building to its reform programme.
The fund said the war-torn country had requested assistance to “help address the urgent balance of payments and budget needs triggered by the Islamic State attacks and collapse in oil prices”. This could potentially pave the way to a funding arrangement.
Under the IMF’s guidance, Iraq is implementing a programme of fiscal consolidation to contain public expenditure in line with available revenue and financing, with the aim of reducing the non-oil primary deficit by $20bn.
rcookie says(): Non-oil investment and spending on goods and services is to bear the brunt of cuts to expenditure. Public sector wages and pensions will not be affected, and are instead projected to increase despite an already bloated government payroll being a major weakness of the country’s finances.
Citing World Bank findings, the fund said poor public financial management in Iraq means the efficiency of public investments in the non-oil sector is low.
It added that a weak PFM framework has lead to a lack of fiscal discipline and the overly political allocation of oil resources, and improvements following technical assistance from the fund and the World Bank have been “very slow”.
The IMF said under its support arrangement, agreement has been reached on measures to strengthen PFM as well as efforts to bring stability to the finance sector and counter money laundering and the financing of terrorism.
rcookie says(): These will include some changes mostly within the country’s Ministry of Finance in the short term, in order to build on more ambitious reforms later on. These include moving to a single treasury account and reforms to public investment management.
After existing in a state of turmoil since at least the US-led invasion in 2003, the IMF said Iraq’s economy, infrastructure and trade are suffering due to continued conflict as Islamic State insurgents commit terrorist attacks and offensives to capture more territory.
IS now controls parts of Iraq, where they have declared an Islamic caliphate. A US-led coalition is also conducting airstrikes throughout the country to defeat the group.
In addition the impact of the sharp decline in oil prices – already significant in 2014 – intensified last year. Iraq is also enduring an internal refugee crisis and massive energy shortages.
magnetlady says(): rcookie. Thanks for bringing in this news. Looking good.
rcookie says(): http://www.publicfinanceinternationa…raq-pfm-reform
http://www.publicfinanceinternational.org/news/2016/01/imf-work-iraq-pfm-reform
rcookie says(): YOU SEE TERMS LIKE “POOR PUBLIC FINANCIAL MANAGEMENT”….”BLOATED GOVERNMENT PAYROLL”….”IRAQ’S WEAK PFM FRAMEWORK”….
AND “LOW EFFICIENCY OF PUBLIC INVESTMENT”…”BRINGING STABILITY OF FINANCE SECTOR”….
AND LOOK WHO THEY POINT THE FINGER AT CONCERNING THESE STATEMENTS….LOOKING FOR CHANGES IN SHORT TERM FROM MINISTRY OF FINANCE…AND AGAIN MENTION OF STA…ETC….
rcookie says(): These will include some changes mostly within the country’s Ministry of Finance in the short term, in order to build on more ambitious reforms later on. These include moving to a single treasury account and reforms to public investment management.
rcookie says():AND WHO IS THE MINISTER OF FINANCE THAT ALSO GOT SUCH A POOR REVEW FROM THE ECONOMIC REVIEW PANEL…
Hutch says(): Poor zebari out having surgery and they are picking on him
rcookie says to Hutch(): YES PROCTOLOGY PROCEDURE!!!
Hutch says to rcookie(): The maybe I should have not used the word picking …. LOL
rcookie says to Hutch(): GETTING ABADIS FOOT OUT OF HIS BEHIND…
tman23 says(): Central confirms its ability to meet the market needs of hard currency during the first half of this year …….. The Central or the CBI, both have said the same…… So what is hard currency……..
Hard Currency;……..currency that is not likely to depreciate suddenly or to fluctuate greatly in value…….. 2nd definition….Hard Currency’ A currency, usually from a highly industrialized country, that is widely accepted around the world as a form of payment for goods and services.
A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex market…… Well the IMF said Iraq will enter the world market……
so the IQD would be highly liquid in the forex, BUT this is usual for HIGHLY INDUSTRIALIZED COUNTRIES……(which Iraq is not)……. The other factor is the chatter in Iraq is about “devaluation”…..
Tman23 says(): And the CBI had a prior statement…… The CBI would cover Iraq with hard currency for 6 months at which point if the reserves fall from 59 billion to 35 billion then the CBI would be required to devalue the IQD to 1500 – 1 ……….
wmawhite says(): I suppose the IMF doesn’t know anything about INDUSTRIALIZED COUNTRIES. Not a thing……so folks, we need to stop listening to the IMF and instead, listen to the drunks in the stands.
poppy3 says to wmawhite(): AMEN AND A GOOD LOL,LOL
tman23 says to wmawhite(): Seriously DUDE……..What offends you with that factual statement…….It is not negative towards anything…….It is definition of hard currency and what has been in INK…….
wmawhite says to tman23(): Do you consider the Techincal Letter of Intent signed by the IMF, CBI and GOI as factual??? Serious DUDE…………..you think?
Dr Dave says(): no no…. the IMF knows how to deal with the most corrupt country in the world
jd says(): Iraq maybe a hudge challenge for even the IMF.
tman23 says to wmawhite(): Thats NICE…………
Dr Dave says(): gonna reward them with this huge revalue in currency for a job well done
Dr Dave says(): then we will have the richest most corrupt nation in the world
jimplants says(): WHY BRING NEGATIVE WAVES AGAINST A GOOD ARTICLE YOU MAY DISAGREE BUT ITS LIKE SOME ARE WAITING TO POUNCE THEN IT TURNS THE ROOM FROM ALL OF THE GREAT THAT HAS HAPPENED
rcookie says(): THE RESERVES ARE FALLING TO $43 BILLION THIS YEAR….AND UNDER THE BLESSINGS OF IMF…ITS IN THE 2016 LOI/MEFP/TECH MOU,,,
eman4u55 says to Dr Dave(): next to the USA USA USA
jd says(): I bet that Iraq will still have more reserves than we do even if they drop to 43 billion.
rcookie says(): DEVALUATION TALK IN THE ME FROM WB ANG IMF IS NOT UNIQUE TO IRAQ…
LOOK AT EVERY…EVERY…EVERY ME COUNTRY ACTIONS AND ECONOMIC CRISIS RIGHT NOW…INCLUDING UAE…KUWAIT…SAUDI ETC….
jimplants says(): AND SOME LEAN ON EVERY WORD IN HERE THEY DO NO RESEARCH AND DEPEND ON THIS ROOM AND IRAQ HAS COME LIGHT YEARS.
Dr Dave says(): what about recouping the 810 billion in looted cash….
jd says(): Or the DFI funds.
rcookie says(): DONT U8NDERSTAND WHY 1 WOULD INVEST IN SUCH A CESSPOOL OF CHAOTIC MESS AND DEDICATE THIS AMOUNT OF ENERGY TOWARD….
Dr Dave says(): all of that gold the USA found years ago
rcookie says to jd(): IT IS A PLAN… LOOK IT UP…
Dr Dave says(): MUA…….
Loopback says to jimplants(): Very true
jimplants says(): AND THEY ARE FOLLOWING THE PLAN
subgirl says to jimplants(): yes and rcookie brot some of that in this morning of what is being done already!!!!
Dr Dave says(): THE 71 listed have arrest warrants?
jd says():The money they have is not the problem.They are stealing more money than they make.They have a leaking basket called corruption.
Loopback says to rcookie(): Isn’t that what the little guy on Fantasy Island used to say? The Plan… The Plan. It all makes sense now.
Dr Dave says(): OH the Plan
rcookie says to jd(): PAGE 23 ON CBI BALANCE SHEET…..THIS PLAN & PROGRAM RUNS THROUGH 2020….
Dr Dave says(): hcl amnesty federal courts law next session
Dr Dave says(): not while Maliki remains
Dr Dave says(): national reconsolidation
jd says(): Is it possible to RV their currency with the amount of corruption in place?Maybe in their culture,it doesnt really matter??
eman4u55 says to jd():thats all they know
Dr Dave says(): recollect our hero Shabs…..political and economic stability
subgirl says(): I think we need to start thinking positive
subgirl says(): too much going on in Iraq to be neg.
rcookie says(): NOT AT ALL JIM…
rcookie says(): HERE IS THE REST OF WHAT WAS POSTING EARLIER…
rcookie says(): NOBODY TALKNG ABOUT NATIONAL OIL COMPANY LAUNCH PLANS IN ECONOMIC SYMPOSIUM YESTERDAY HOSTED BY OIL MINISTER ABDUL MAHDI…
WITH GROUP OF OIL EXPERTS AND ECONOMISTS…AND THE ROLE AS ALTERNATIVE TO DISPERSION IN THE OIL INDUSTRY NOW…MEANING REFORM DIFFERENCES LIKE…NATIONAL SOVEREIGNTY…
ECONOMIC DEVELOPMENT…SERVICE CONTRACT REWRITES…ECONOMIC OPENESS…AND OUTLINES THE IRAQI ECONOMY OPERATING IN 4 STAGES….AGRICULTURE…OIL…WAR..AND WHAT IS TO COME….
rcookie says(): Oil Minister calls for the restoration of the national oil company
60 Show Last update: Monday, February 8, 2016 – 11:01
Oil Minister calls for the restoration of the national oil company
It called for an economic seminar to the need to return to the national oil company as a managerial alternative to dispersion found in the structure of the oil industry and solving optimal at the present time, coinciding with the economic crisis faced by the country, as well as to utilize them in building the foundation for the reform of the oil sector and overall economic development.
This came in a symposium organized by the progress of the development policies of the Institute, and attended the »morning» under the title «rebuild the national oil company and patterns of oil production,» the presence of the Minister of Oil d. Adel Abdul-Mahdi and a group of oil experts and economists.
rcookie says(): Initiated the symposium word Institute Dr. manager. Mehdi al-Hafez among which the «National Oil Company« was and is a vital and essential tool completely get rid of the oil hegemony overseas, since the issuance of Law No. 80 of 1961, being the record the first step for the Liberation of Iraq’s oil and its sources of colonial domination privileges imposed in conditions contrary to the requirements of national sovereignty and economic development objectives. »
He said Hafiz said «the national oil company, is the administrative action alternative dispersion existing in the structure of the oil sector, it is useful to get rid of waste-based oil revenues required, accompanied by the necessity of having the desire and the will seriously to reconsider the program of
rcookie says(): service contracts, and find a suitable solution in the formula force in the Kurdistan region to discuss the problem-solving and exit format suitable for the production, coinciding with the rapid buildup of falling oil prices out objectively solving stems from concern for the public money ».
For his part, Oil Minister Dr. Adel Abdul-Mahdi, the need for economic openness and get rid of the concept of unilateral, like the countries of the world, Marja on the Chinese experience that caused a coup radically in development processes and dependence on companies,
pointing out that «China does not hold the Ministry of Oil, and runs Wealth oil which – a fifth oil producer in the world are companies », indicating that« the public domain differ from state ownership, since it is possible that the first be the king of the group and rumored to regulate the property through an internal mechanism ».uarj
Abdul-Mahdi, that« the Iraqi economy navigate between the four stages of the first was the agricultural nature of the almost full, where most of Iraq’s population live in the countryside, and minority live in cities, and the agricultural life dominant, then began to rely on the oil pattern, where he became the country depends on oil, then began the stage of the war economy, which consumed oil and other sectors in 1986 «.
He pointed out that «the recent economic juncture for the country, the stage of economic distortion, where he became the state put her hand on everything which is committed to the philosophy of economic one, but a clash of interests and benefits of managed internal networks impede the work of everything».
Read More:
http://www.dinarupdates.com/showthread.php?29715-Oil-Minister-calls-for-the-restoration-of-the-national-oil-company-2-9
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