Don961: Thank you very much WS … Good morning ….
The last paragraph … that Iraq was given permission by the IMF … to finance the budget by reducing hard currency reserves by $16 billion … going from $59 billion down to $43 billion …
and the new soft loans of $16 billion are to be used for development projects …. and will be approved pending conditions …..”that gave a vision to address the significant problems faced by the national economy as a result of its dependence on oil only “noting that” the fund wants the Iraqi government to reduce its spending and concentrated on the productive sectors to enhance budgetary resources. “…
The conditions are not arbitrary … not made up as they go along …. but are for the good of Iraq’s future
Some were saying the IMF is trying to take advantage of the crisis to detract from Iraq’s sovereignty as a nation …
Walkingstick: World Bank loans require financial control over Iraq and opposition Aaduha “detraction of national sovereignty.”
5/16/2016 notably opposed “international financial control over Iraq,” the enemy “detraction of national sovereignty”, specialists stressed that “it is necessary” to cope with the economic fallout.
The Chairman of the Committee on Economy and Investment parliamentary Jawad al-Bolani, said in an interview to the (long-Presse), “The IMF did not impose conditions onIraq in return for lending, as some believe, but gave a vision to address the significant problems faced by the national economy as a result of its dependence on oil only “noting that” the fund wants the Iraqi government to reduce its spending and concentrated on the productive sectors to enhance budgetary resources. ”
And he approved the Chairman of the Committee, “the existence of points of mistakes taking advantage of the survival of Iraq under the financial and economic pressure, and that the budget did not achieve its goals of being political,” adding that “the international economic institutions want to be an economic goal of Iraq’s budget and that the pressure is on certain aspects to improve performance “.
He declined an economist, “the imposition of any international financial control over Iraq,” returned that “it constitutes a derogation of national sovereignty.”
The economist, on “Iraq’s need for international loans,” noting that it was “natural that puts the IMF conditions and .watching any loans the country’s economy, and that thisdoes not constitute a violation of the rule, as some believe.”
“The International Monetary Fund puts conditions on any country lends a guarantee of his money,” adding that those “conditions that balancing the country concerned should be transparent, and that the disposal of funds the things are very necessary, and to be financial decisions taken by the Government of that country that are reasonable. ”
Promised Prime Iraqis Economists Association, that “the conditions of the International Monetary Fund is not a dilemma, despite the arbitrariness sometimes, as long as Iraq was developing his economic policy,” stressing that “the delegation of Iraq, which is negotiating the fund houses keen interest of the country significant economic expertise, and will not accept any arbitrary conditions.” . .
It is said that Iraq declared in the (13th January 2016), the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves,indicating that this means reducing those reserves from $ 59 billion the end of October 2015 the past, to 43 billion during the current year LINK
Don961: International experts going to get to the bottom of all the shadiness in the oil contracts .. (Mr Shah…..)…and involvement of other high profile Iraqis in the GOI …. names we hear …as highlighted by WS …. Why Z needs to go and be replaced …. and guys like Allawi , all the Malikis , Issawi need to be muzzled and shut down once and for all …for their part in all the corruption … IMO
Walkingstick The arrival of an international team to investigate the corruption of government officials and businessmen, most notably You Nasraoui Allawi and al-Asadi
Sunday, May 15, 2016
The board announced integrity Tuesday announced the arrival of a team of international experts who will take over the task of providing support for Iraq in the investigation with an international dimension of corruption cases.
The head of the Hassan Yassiri during a meeting with representatives of the organization (UNDP) and the members of the team of international experts that the pursuit of the Authority for the use of international expertise in the field of the investigation came; as a result of getting to the issues of international dimension in their work, especially the recent oil contracts that have been raised through foreign media issue, He explained that the first fruits of this cooperation will be investigated in this case in the hope of expanding mutual cooperation in other issues such as the recovery of funds and the accused issues.
And trading team of international experts with the team’s investigative author in the board integrity to investigate the oil issue contracts to information available to the team and the steps carried out, ranging from listening to the testimonies of officials mentioned in the case, the implementation of warrants investigation and inspection of the headquarters of the company (ONA Oil) Inc. (Leighton Off Shore) in Baghdad, the investigation and the investigation of the health of the corruption cases of the names mentioned in the documents of Panama or have been to obtain information on inflation fortunes of Washington, such as Ibrahim al-Baghdadi, and Essam al-Asadi and Majed Nasraoui and Iyad Allawi, and Hoshyar Zebari, and Sabir al-Issawi and Salam al-Maliki and Salah Abdul Razak and Adel Muhsin .
He explained the team leader investigative (Vice Chairman of the board of integrity) of the International team last reached through his investigation of the case, revealing a close for the Authority on new information from the American side, who expressed his willingness to cooperate with the Authority by presenting new information about the case, it will be provided with the Iraqi side out of the meeting to be held next week with members of the investigative team.
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