News & Comments
Kurdish lawmaker: the application of Article 140 after the liberation of Mosul process[/size]
27/03/2016 12:18 | Press direction – Private /MP from the Patriotic Union of Kurdistan Erez Abdullah said that the application of Article 140 will be after the liberation of Mosul process and without it will not be solving the problems between Baghdad and Erbil.
Abdullah told the “direction” explained that the Peshmerga forces engaged with the Iraqi army and Sunni tribes in Mosul liberalization process and that the Kurdish people welcomed the launching of the process, noting that there are some outstanding problems between the federal government and the government of Kurdistan, including Article 140,
He added: Most of the land in Mosul under the control of “Daash” Without the editing process will not be settled outstanding problems process, stressing that there will be a serious understanding After completing editing of Mosul between the parties concerned for the application of Article 140, which will be with the local parties and the federal government. http://aletejahtv.org/index.php/permalink/105065.html
tlm724: Kirkuk sits atop 6 percent of the world’s and 40 percent of Iraq’s proven oil reserves Wink
The legal status of Article 140.
Under Iraq’s constitution of 2005 the political status of the “governorate” (province) of Kirkuk, and other disputed territories, was scheduled to be formally resolved by the end of December 2007.
Article 140 was necessary precisely because the CPA (May 2003-June 28 2004) and the Iraqi transitional government (June 28 2004-January 31 2005) failed to rectify the relevant injustices “expeditiously”. The makers of the constitution insisted on a deadline precisely to prevent the federal executive authority from delaying on its obligations, and that deadline is now the constitutionally authorized will of Iraq’s people.
Under the relevant provisions of Iraq’s Constitution, which Kurdistan’s leaders helped negotiate, the revenues from Kirkuk’s oil-field will be shared across Iraq as a whole, irrespective of the outcome of the referendum on Kirkuk’s status.
Therefore, any change in Kirkuk’s territorial status will not mean that the Kurdistan Region controls all of Kirkuk’s oil revenues, as is frequently and falsely suggested.
The relevant article in Iraq’s constitution draws a sharp distinction between oil and gas from currently exploited fields, and fields which are not yet exploited. It is a constitutional obligation that oil from currently exploited fields be distributed across Iraq as a whole.
http://www.bondladyscorner.com/t165183-kurdish-lawmaker-the-application-of-article-140-after-the-liberation-of-mosul-process
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In the parliamentary economy by reducing warns of dollar selling without reducing import
27/03/2016 12:17 | Direction Press / Agencies Member of the committee of economy and investment parliamentary Najiba Najib warned the central bank to reduce sales of the dollar, without the government’s orientation to support the gross domestic product and reduce import.
She said Najib, told in an interview that the central bank’s decision to reduce sales of the dollar, came “in response to the current situation and the lack of revenue from oil and of hard currency from the dollar, objective of the Central Bank of the stability of the Iraqi dinar with the dollar, as the hard currency in Iraq is the dollar.” .
She added, “If the decision to reduce the sale of the dollar, without taking measures to encourage the industrial and agricultural sector as well as other sectors will have a significant impact on increasing the price of the dollar against the dinar, which means that the ordinary citizen will bear the brunt.”
She explained that “the decision to reduce the sale of the dollar will be negative as the price of the dollar will rise, but whether the actions taken by the correct government is moving towards supporting the gross domestic product, the demand for imports from abroad would be a little, so the lack of demand for the dollar will be parallel with the decision central bank”.
Najib stressed that “the objective of the central bank policy is to ensure the survival of the dollar, according to the possibilities, Fbbed often can not keep the rate of the dinar against the dollar as much as possible, so this stability is the main objective.”
She pointed out that “this decision was made in consultation and coordination with the International Monetary Fund and the Finance Ministry, after consultations with the Government of the Council of Ministers Supreme Economic Commission and the Finance Ministry, because there is a tendency,
and measures are taken to reduce the import from abroad, relying on the gross domestic product through small and medium enterprises and large, as well as supporting the industrial and agricultural sector. ” http://aletejahtv.org/index.php/permalink/105064.html
tlm724 “in response to the current situation and the lack of revenue from oil and of hard currency from the dollar, objective of the Central Bank of the stability of the Iraqi dinar with the dollar, as the hard currency in Iraq is the dollar.” .
She added, “If the decision to reduce the sale of the dollar, without taking measures to encourage the industrial and agricultural sector as well as other sectors will have a significant impact on increasing the price of the dollar against the dinar, which means that the ordinary citizen will bear the brunt.”
http://www.bondladyscorner.com/t165193-in-the-parliamentary-economy-by-reducing-warns-of-dollar-selling-without-reducing-import
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World Bank unveils $ 20 billion in investments and put three conditions to take advantage of them Iraq
Baghdad -arac Press -26 March / March: World Bank announced Jim Yong Kim said the bank plans to invest $ 20 billion in the Middle East, while select three conditions for “Iraq take advantage of this opportunity.”
Young said Kim during his speech hosted in the parliament session today in the presence of UN Secretary-General Ban Ki-moon and the President of the Islamic Development Bank Ahmed Mohamed Ali said in a statement to inform the Parliament “from this rostrum, I present my great optimism, that democracy take root in Iraq, despite the enormous challenges that this noble country is facing. ”
He added, “Iraq has chosen the path of political partnership – a decision that resulted in difficult challenges, but it heralds a lot of good, it also makes the most vocal political climate, it requires compatibility between the various Iraqi people and its diversity and plurality of categories, creating a general climate gives everyone the freedom of expression ,
it also requires political concessions to build a broad and necessary alliances to achieve national objectives, as far as what appeared to be engaged the Iraqi people in the political process, in various denominations, complex, and as it is difficult, it is most important element in the installation of the required long-term stability. As these challenges, they are in fact, stronger evidence.
“The history of the Levant area indicates the health of this matter, as long as the harmonic communities experienced a stable and prosperous, and societal diversity that enriches the region, enhancing the capacity of public institutions and contributes to the public interest,
and by maintaining the balance between the central authority and the local self-government , leaders work to consolidate the legitimacy and gain people’s confidence, and strengthened public investment in good governance, governance and infrastructure actors of social development and economic exchanges systems. ”
He Yong Kim said that “In contrast, systems that cemented the split – where he practiced favoritism and sectarian quotas and discrimination on the basis of identity failed, and landed dynasties, which has expanded in the centralization of power, and weakened the local communities and municipalities, and where absent equality in the process of taxation and the distribution of resources, exacerbated grievances, and created additional challenges to central authority. ”
He noted the World Bank president said that “In recent months, the Iraqi parliament has established these facts in his work with the government to address the enormous challenges, including conflict and economic crisis, for example, forces fighting Daash skills and strength of all the Iraqi people to regain control of the land used national, and that success shows the strength of the Iraqi people when they unite to face the common national cause. ”
He stressed, “We also have achieved an effective balance between the central authority and local self-governance, and you support the emergency measures to improve local governance and to earn the trust of citizens in the liberated areas,
and allowed agree to loan in the amount of 350 million US dollars from the World Bank to support local authorities the possibility of helping to restore basic infrastructure , public services, for Iraqi citizens in the areas that have been liberated from the control of Daash. ”
And that “our joint work to assess the needs of the regions, cities and municipalities most affected by conflict and displacement, the best proof of the importance of interaction between local governance and federal leadership, and remains the support of the central authorities to the work of local communities and municipalities of the most important elements that lead to meet the Iraqi people’s needs and enhance the legitimacy of the state.”
He argued that “At the same time, helped investments in the field of reforms at the federal level to mitigate the effects of falling oil prices and improve governance and governance system, which the foundation stone for the development and prosperity situation,”
noting that “your efforts to strengthen the social protection system means the flow more public resources to the most vulnerable segments of the suffering and danger, and will lead to end the monopoly of public banks and stimulate the private sector’s role in the field of electricity generation to increase competitiveness, and to enhance the strength of the economy and its diversity. ”
He noted the World Bank President that “the World Bank Group has provided $ 1.2 billion to support this reform effort – the largest direct funding we have presented to this day to a country in the Middle East and North Africa, and in parallel effort in the field of management systems and good governance, We’ve also Bachertm in activating more investment in infrastructure, creating great opportunities to take advantage of potential geographical location enjoyed by Iraq. ”
And Ooodh Wang Kim that “Iraq is a country located the center of a strategic zone, where an economic integration key to peace and prosperity in the future, has been approved by the parliament, two years ago, the ambitious and far-reaching process, a strategy aimed at opening up of Iraq at the regional surroundings, and represents the repair and rebuilding of the road No. 1 in the south, crossing the border from the north to Turkey, President of the bridges to the future of Iraq as a central hub in the trade sector. ”
“We are in the process of planning for the expansion of those efforts, which are the result of a close partnership between the government and the World Bank and the Islamic Development Bank, they are the best proof of the achievements that we can achieve for the benefit of the Iraqi people through joint action, Consider what it could mean further progress in this areas to ensure a better future. ”
He added that “Iraq, whose total domestic product of about US $ 200 billion a year, represents one of the largest economies in the Middle East, even after years of conflict, and the central location of Iraq and the borders have repercussions transformational for the entire region,
it will reflect the impact of growth , stability and prosperity to hundreds of millions of human beings, and this is one of the reasons why the World Bank is investing strongly in helping the Iraqis build a path towards a better tomorrow. ”
He continued, “It is also the reason that Iraq will occupy a prominent place in our plans to invest US $ 20 billion in the development of the Middle East and North Africa by 2021, which is equivalent to three times the amount that was invested during the past five years, but make the most of this opportunity It means that on Iraq to continue to build the foundations of an inclusive society includes everyone, and we see that there are three crucial steps in this regard:
First, if we take a fresh look at the social, cultural and geographical axes traditional in Iraq, we consider that the most appropriate way to protect the cohesion of the country and to maintain them, is through the follow-up work begun by Oslavkm- any empower communities and strengthen their capabilities,
including municipalities, the bank can international assistance in the payment of these efforts to new heights, we have proposed the use of financial assistance to reward those local authorities that can demonstrate their ability to build a comprehensive system of good governance and governance
which ensures the rights of all and offers high-quality public services, and the aim of this funding to enhance the efficiency of the municipal level technical support and efficiency.
Second, should the Iraq diversifying economic activities. The key to success is to create incentives for the private sector to invest in it, and that would unleash the creativity of the Iraqi people and his genius,
which will help the Iraqis on the production of services and advanced tools, you, the representatives of the people, you have the ability to adopt laws that would open the door to young entrepreneurs projects and innovations owners, those groups that are willing to take risks and to engage in new projects.
Third, should Iraq rearrange domestic economic conditions, and reduce the waste of resources, and promoting accountability and implementation of the necessary and important reforms, in the energy sector, for example, must implement reforms at the level of processing support is allocated for this sector worthwhile, and which contributes to Ajzaan supply of electricity on a continuous basis, and when they replace cash transfers, targeting the poor and needy, store support, will improve the level of efficiency and equity. ”
“It is also necessary to reform public institutions that impede private-sector growth, stimulating the emerging institutions to contribute to economic growth, and result in strengthening the involvement of citizens in public affairs to more scrutiny on government spending, and the fight against corruption, and strengthen transparency and enhance the legitimacy of the public sector in Iraq. We are confident that Iraq will get the support needed to reduce the financial burden resulting from the fall in oil prices, so by emphasizing his commitment to those reforms seriously.
He said the World Bank president told members of the House of Representatives, “The Iraqi people need you, and your capacity as leaders democratically elected, the work critical to help him complete his energies to achieve, and it was Iraq, over the centuries, is an example of human development in the Arab world, and attracted the Iraqi university students from All over the world; where he provided high levels of education, and lies all hope that Iraq will play that role again. “.
And that “In order to achieve these goals, we should encourage individual opportunities through the provision of public services quality, and the climate of open and competitive action, and the need to ensure that all Iraqis benefit from the oil revenues, even in the face of setbacks and the enormous challenges,
the only hope It is to rely on people’s strength and resilience, through strong institutions that includes everyone and is capable of continuity. ”
He concluded by saying, “Let me, at the end of my speech, to convey to the Iraqi people, who stood in the face of war, violence and conflict, and who explained to the world the meaning of resistance, steadfastness, courage, nobility and magnanimity,
Iraq has a deep and rich history can build it bright and prosperous future and you, the representatives of the people, you may have taken away your responsibility to lead this great country toward that future, and from this platform, announced today that our commitment is as follows: the World Bank, at every step of this long journey will stand at your side, and along with every Iraqi citizen about justice, development and peace and common prosperity,”
http://www.iraqpressagency.com/?p=192701&lang=ar
tlm724 “the World Bank, at every step of this long journey will stand at your side, and along with every Iraqi citizen about justice, development and peace and common prosperity, ”
http://www.bondladyscorner.com/t165242-world-bank-unveils-20-billion-in-investments-and-put-three-conditions-to-take-advantage-of-them-iraq-ty-timmy
Iraqi talks on the UN to support Iraq economically
26/03/2016 17:37 Tomorrow Press / Baghdad took place on Saturday in Baghdad, intensive talks between checks on the delegation headed by the Secretary General of the United Nations Ban Ki – moon and World Bank Group President Jim Yong Kim and President of the Islamic Development Bank Ahmed Mohamed Ali, Prime Minister Haider al – Abadi and Ministers of Finance, Planning and Central Bank Governor and a number of advisers, on ways to support global financial institutions of the Iraqi economy during this critical circumstances.
The Finance Ministry said in a statement: “Tomorrow Press”, a copy of which received “The talks focused on the United Nations and financial institutions to support the government’s efforts and discussions to reach an agreement (SBA) with the International Monetary Fund to stimulate economic reforms and monitoring of economic performance, which will provide an international financial loans Iraq to take advantage of them to cover the deficit and meet the security and humanitarian needs. ”
He held the finance minister, Hoshyar Zebari, according to the statement “collateral talks with World Bank President talks about the technical teams of the Fund and the need to speed up bank financing for projects in the regions and provinces.”
He said the secretary-general “to support the organization’s efforts to reform and fight corruption and increase transparency and achieve national reconciliation and to prosecute criminals for crimes against humanity, particularly organizations Daash against the Yazidi community.” LINK
tlm724 from Minister of Finance site :
Iraqi talks on the UN to support Iraq economically Saturday, 26 March 2016
Held today in Baghdad in March 2016 26, intensive talks between checks on delegation headed by UN Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim and President of the Islamic Development Bank, Dr. Ahmad Mohammad Ali and Mr. Prime Minister, Dr. Haider al-Abadi and Ministers of Finance, Planning and the Governor of the Central Bank and a number of adviser to the Prime Minister, on ways to support global financial institutions, the Iraqi economy during this critical circumstances.
The discussions focused on the United Nations and financial institutions to support the government’s efforts and discussions to reach an agreement ( SBA ) With the International Monetary Fund to stimulate economic reforms and monitoring of economic performance, which will provide an international financial loans to Iraq to take advantage of them to cover the deficit and meet the security and humanitarian needs.
The minister held talks with the financial side, World Bank President talks about the technical teams of the Fund and the need to speed up bank financing for projects in the regions and provinces.
Mr. Secretary-General stressed the Organization’s support to the efforts of reform and fight corruption and increase transparency and achieve national reconciliation and to prosecute criminals for crimes against humanity, particularly organizations Daash against the Yazidi community.
http://www.mof.gov.iq/Pages/MOFBannerHeadlineDetail.aspx?BannerNe_wsID=401
http://www.bondladyscorner.com/t165202-iraqi-talks-on-the-un-to-support-iraq-economically
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Parliamentary Finance show Qkulha instability dollar and plans to the Central accountable for currency auction
History of edits:: 27.03.2016 14:17 {Baghdad: Euphrates News} was a member of the parliamentary finance committee Masood Haider, expressed concern to the committee about the instability of the dollar against the Iraqi dinar.
Said Haider, told {Euphrates News} ” The Finance Committee talked about the high price of the dollar, which is worried about the instability of the exchange rate , ” adding that “We decided two weeks ago to host the committee supervising the auction currency at the central bank, and if given the Central Bank of conditions we will host them and ask for many things , including respect of auction currency. ”
he added that” the goal of the Finance Committee exchange rate stability in Iraq, and try to reduce the negative impact on the Iraqi market , “pointing out that” the central bank stressed that he will try to reduce sales, and perhaps there is a negative impact of this thing there some traders traffickers in hard currency are taking advantage of these statements to take advantage in the short term. ”
However , Haider , ” but the citizen will see in the long term that the exchange rate in Iraq will stabilize at a certain point , “explaining , ” We believe in the Finance Committee , there are mechanisms at the central bank take to prevent the closure of the door traffickers in hard currency to control the exchange rate. ”
He added that the Finance Committee,” will inform the Central Bank of these procedures, and urging them to be followed , “asserting” take those actions will be the initiative , however , the Central Bank and not in the hands of traffickers. ”
the past days , a rise in the dollar against the dinar Iraqi, reaching 127,000 dinars currency category $ 100, having been up to 125,000 dinars.
the Governor of the Central Bank and the agency on the Keywords, announced last Wednesday, the bank ‘s intention to reduce sales of the dollar by 50% for the year 2016 this, stressing the need to take into account supply and demand .
Keywords and said in a televised interview, said that “rationing exists with the bank to sell the dollar during the auction conducted by where we started to cut these sales in 2015, which amounted to 25% compared to the previous year , ” pointing out that “the year 2016 perhaps we will reach this sales decrease by 40 to 50% from the previous year. ”
It is noteworthy that, a member of the Committee on economy and investment parliamentary Najiba Najib, warned the central bank to reduce sales of the dollar, without the government ‘s orientation to support the gross domestic product and reduce import.
, said Najib, for {Euphrates News } “if the decision to reduce the sale of the dollar, without taking measures to encourage the industrial and agricultural sector as well as other sectors will have a significant impact on increasing the prices of the dollar against the dinar, which means that the ordinary citizen will bear the brunt.”
She explained that ” the decision to reduce the sale of the dollar, It will be negative as the price of the dollar will rise, but whether the actions taken by the government are correct and moving toward supporting the gross domestic product, the demand for imports from abroad would be a little, so the lack of demand for the dollar will be parallel with the central bank ‘s decision “.anthy http://alforatnews.com/modules/news/article.php?storyid=112495
tlm724 However , Haider , ” but the citizen will see in the long term that the exchange rate in Iraq will stabilize at a certain point , “explaining , ” We believe in the Finance Committee , there are mechanisms at the central bank take to prevent the closure of the door traffickers in hard currency to control the exchange rate. ”
“if the decision to reduce the sale of the dollar, without taking measures to encourage the industrial and agricultural sector as well as other sectors will have a significant impact on increasing the prices of the dollar against the dinar, which means that the ordinary citizen will bear the brunt.”
http://www.bondladyscorner.com/t165206-parliamentary-finance-show-qkulha-instability-dollar-and-plans-to-the-central-accountable-for-currency-auction
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Stimulate banking activity
Author: Yasser incumbent 3/27/2016 0:00 There is much talk about the phenomenon of compactness any retention of citizens for their money at home, it is estimated that more than 70 percent of the money they are trading chunky at home , referring to not dealing with no government – owned banks do not own.
Analyzes and explanations come from here and there about the reasons for the reluctance of citizens deposited their money in banks what is the effect on the size of their contribution to the development because of poor credit policy, is the question that the citizen is right Bazovh despite compactness risks that warns them money and economists,
which boils down to exposure to damage , or for any theft , and most importantly decreasing real value, then what causes that deepened this phenomenon?
key factors led to the emergence of the phenomenon of compactness firstly preoccupation with banks and other activities check her Mazmonh gains and distance it from the credit risk after being exposed to the many problems in their inability to recover loans and this is the banks led to a lack of interest in the deposits was offset by the weakness of encouragement and lack of incentives for citizens to deposit his money this is the part of the other hand the loss of citizen ‘s confidence in banks due to ill each administration in dealing with the citizen
where is facing difficulty in pulling his money otherwise harm the reputation of the banking sector due to the mistakes of others, that ‘s all there is to it .
now an urgent need for the role of banks in the development through its support to the productive sectors soft loans because banks rely on lending to what is available of their deposits has faced great difficulty and this case was one of the beauties of the financial crisis that led to the scarcity of Alciolhlabesbb not available but for hoarding more than three – quarters of the houses to motivate banks to return to this activity , how can we develop the country?
Before now , the banking sector and in light of this crisis , a historic opportunity for the expression of the success and the possibility of a citizen ‘s confidence in his ability to fulfill its obligations by seeking to ensure the success of development loans launched by the central bank and work program to deal with it professionally and carefully in order to pass this test,
if able to achieve goals needed the confidence to not return just for the banking sector but will grow and deepen .olna vision to build on these successes Azlabd the central adoption of the principle of assessment and proper classification of banks via his initiative the adoption of international institutions to assess the performance and adoption in the seed banks support through announced to deal with ministries and prioritized in the implementation of loans and legislation deposit Insurance Law to fully contribute reassertion of confidence in banks to enable it to perform its role and achieve the desired goal of central banking activity in stimulus for development. http://www.alsabaah.iq/ArticleShow.aspx?ID=113202
tlm724 the central adoption of the principle of assessment and proper classification of banks via his initiative the adoption of international institutions to assess the performance and adoption in the seed banks support through announced to deal with ministries and prioritized in the implementation of loans and legislation deposit Insurance Law to fully contribute reassertion of confidence in banks to enable it to perform its role and achieve the desired goal of central banking activity in stimulus for development.
http://www.bondladyscorner.com/t165226-stimulate-banking-activity
