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BLC Admin Tlm724 News & Comments - 10/23/2014


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BLC Admin Tlm724 News & Comments - 10/23/2014

 

MP expects Budget law of 2014 to reach parliament within next 2 weeks

[lightingcslt] MP, Juma Diwan, of Ahrar bloc expected Budget law of 2014 to reach parliament within the next two weeks.

Speaking to Alforat News Agency, he said "The government may send the Budget law of 2014 to parliament to be endorsed."

"Budget Law of 2015 also will be endorsed when government sent its draft to parliament," he concluded.

[tlm724] great stuff lighters, 2015 also Wink
~~~
 
Iraqi: Exhibition important window for the global development

[tlm724] "The exhibition is an important step in light of the current situation experienced by the country and evidence of the ability of the country to promote the economic aspect

[tlm724] evidence of the ability of the country to promote the economic aspect

[tlm724] ain't that pretty   

[cat] yes

[tlm724] "Baghdad International Fair ČäÓÎĘĺ current represents a window of economic Iraq to the world and gives him a new power and flexibility of an extra in dealing with economic data International, "pointing out that" the General Authority for the building progress achievements of the investment plan and its potential in the field of engineering supervision which represents the real starting point for the Iraqi economy.

[tlm724] a window of economic Iraq to the world

[tlm724] represents the real starting point for the Iraqi economy.

[tlm724] you want to know why this fair is different from others in the past ?

[cat] go baby

[tlm724] because when these contracts are signed they will actually be implemented, big difference in how Iraq will do business going forward

[cat] wow big stuff

[tlm724] sure is whole new world opening up for Iraq
~~~

Are councils Supreme alternative ministries?

[tlm724] achieve economic reform and financial and administrative in one package through the economic council proposal intended him to see the light in a hurry as long as we're looking at the implementation of a successful economic program like the one announced by the government.

[tlm724] Abadi's plan is now being implemented, every move we see them make each day is actually the plan in motion

[tlm724] we don't have to wait for it, it is happening
~~~

Senior Economist: It's time to activate the productive sectors

[tlm724] that the time has come to activate the other productive sectors in order to diversify the sources of financial resources for Iraq,

[tlm724] look they have to do this , they cannot depend on oil as the only source of revenue

[tlm724] and why would they when they have so much more to export, all the minerals, tourism, manufacturing etc..

[tlm724] oil can remain the lions share of export but they need a plan B

[tlm724] increased trade and exports leads to some serious dough , just sayin...
~~~

Al-Jubouri, the Emir of Kuwait: Iraq is looking forward to start a new page with the Arab world

[tlm724] hang on a sec I posted something about this last nite, lemme check something real quick

[tlm724] ok yep I thought so

[tlm724] let me show you two press releases that came out of parliament about this meeting with Kuwait   

[tlm724] I'll give the title's

[tlm724] Sheikh d. Hamoudi meet Amir of Kuwait and the Prime Minister and announce the start of a new phase based on the principle reset Crisis 22 October 0.2014

calling on Kuwaiti companies to enter Iraq and make it a springboard reconstruction of Basra.

[tlm724] and also announced near the open consulates in Basra and Erbil

[tlm724] next one

[tlm724] President al-Jubouri, signed a memorandum of understanding with his Kuwaiti counterpart and emphasizes the need for Arab support for Iraq 22 October 0.2014

He added that the sovereignty of the Iraqi people on the verge of building an institutional system based on respect for state institutions, expressing confidence override those challenges.

[tlm724] so it was really important to see this MOU signed by Kuwait, they are ready to finally ready to mend the fences, Saddam almost wiped their country out and it has taken all these years and money and negotiations to get things right, Iraq needs Kuwait and vice versa   

[tlm724] awesome stuff right there   

[cat] tlm724 you bet

[tlm724] noting that" Iraq is looking forward to start a new page with the Arab world, especially that the current demanding Arab joint want to have to Kuwait where privileged location
~~~

A military source: the American army begins to set up a military base in Kurdistan

[tlm724] "the construction of an American military base in the framework of Washington's efforts and the coalition countries to fight Daash and countering terrorism in the region. "

[lightingcslt] *hallelujah*  about time

[lightingcslt] therealbubbie gm and bye bye isis

[tlm724] lightingcslt *hallelujah* is right ! Would love confirmation on this one
~~~

Jaafari «morning»: Japanese loans to help Iraq

[tlm724] to provide more grants and assistance to the people Alaraca.oakd Jaafari existence of cooperation between the two countries to improve the industry of Iraq and transform the country from the consumer to the product,

[tlm724] and transform the country from the consumer to the product

[tlm724] in other words help Iraq go from a consuming nation to a producing nation
~~~

Plan to follow up the implementation of projects in the proportions of the provinces
 
[tlm724] that the government program put the fight against corruption at the top of his priorities as a dangerous phenomenon that threatens society as a whole

[tlm724] that the application of e-government and eliminate bureaucracy rampant in most government departments,

[tlm724] while we are on this subject let me show you something from the COM yesterday

General Secretariat of the Council of Ministers calling for the release of the Ministry of Planning IDMS system within two weeks 10/22/2014 15:07

Invited the Secretary General of the Council of Ministers, Dr. Hamid Khalaf Ahmed Ministry of Planning firing system IDMS private projects of various sectors of the state within two weeks.

discussed Secretary General of the Council of Ministers with the United States Agency for International Development, USAID nature of the system and constraints launch.


http://www.****************.com/t102010-general-secretariat-of-the-council-of-ministers-calling-for-the-release-of-the-ministry-of-planning-idms-system-within-two-weeks

[tlm724] Ministry of Planning firing system IDMS private projects of various sectors of the state within two weeks.

[tlm724] FYI IDMS (Integrated Database Management System

[rsp1] *wolfwhistle* moving right along...

[tlm724] also made ​​deputy program director for the interdependence of the United States Agency for International Development Nael Shibaro a brief explanation of the potential of the program, which was established several years ago

[tlm724] which combines relationship ministries, the Ministry of Planning to a statement attributed the completion of projects and financial allocations necessary

[tlm724] in about 2 weeks Wink

[rsp1] All of this movement is great to witness!

[tlm724] no doubt rsp1 action speaks louder than words
~~~

A member of the parliamentary Economic exclude the implementation of the project to delete the zeros from the currency early in 2015((opinion piece))

[tlm724] "The relationship confirmed that the project to delete the zeros is ready technically and logistically and waits for the right time to implement it,

[tlm724] now that part I like !!!!   

[tlm724] all ready now chop chop 

[poopsie] tlm724 ditto

[cave] drop it like its hot

[tlm724] ready technically and logistically and logistics is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements

[tlm724] so there ya go, everything is in place , give the CBI what they need ie: LAWS and rock this baby out !

[cave] I don't believe they can wait too long

[tlm724] cave me either caveman
~~~
 
http://www.imf.org/external/pubs/nft/2014/areaers/ar2014.pdf

[shredd] wilbur48 thanks for this report. It confirms Iraq is on a Stabilized Arrangement

[tlm724] Shredd really ?

[shredd] meaning margin is withing 2% between market exchange rate and specified rate

[shredd] so per the IMF, the mess of the fluctuating rate has been stabilized

[therealbubbie] *wolfwhistle*

[tlm724] Shredd oh thats very good !

[shredd] Page 69 and 83

Also:

Foreign exchange allocation systems. Foreign exchange allocation is often used to provide foreign exchange for strategic imports, such as oil or food, when foreign exchange reserves are scarce.

When these arrangements result in rationing, they can give rise to exchange restrictions. In addition, a special foreign exchange facility applies to essential imports.


Iraq joined the group of countries with allocation systems. During the reporting period, Iraq
introduced 2 tightening and 1 easing measure with respect to banks’ purchases of foreign exchange at the Central Bank of Iraq currency selling window.

These measures reflected the authorities’ twin goals of liberalizing the foreign exchange market over the medium term on the one hand and fully implementing anti-money-laundering and combating the financing of terrorism measures on the other.


Iraq capped authorized banks’ spreads at ID 10 per U.S. dollar over the exchange rate at
which they may buy foreign exchange at the Central Bank of Iraq currency selling window.

The latest IMF staff reports indicate that many members with Article XIV status maintain restrictions subject to IMF jurisdiction under Article VIII. Iraq is listed as one of these.

The use of restrictions on payments for current invisible transactions increased noticeably in 2013. Four of the new measures are attributable to Iraq, which limited the availability of foreign exchange for firms, individuals, banks, money transfer companies, and money exchange bureaus.

Regarding on real estate transactions, Iraq strengthened documentary requirements for the transfer of funds abroad related to sales of securities or shares by nonresidents.

 


There is a link in the following section above that I tried to delete, but was unable to edit it out:  :confused2: 

 

Plan to follow up the implementation of projects in the proportions of the provinces

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