International Monetary Fund urges Iraq to maximize its resources by revitalizing industry and agriculture

[yota691]

The Association of Private Banks and the International Monetary Fund are discussing the challenges facing Iraq's economy

 

Economy News _ Baghdad The Association of Iraqi Special Banks discussed with the International Monetary Fund the challenges facing the Iraqi economy during the current stage and ways to face the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015. The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in a press statement received by "Economy News", "A delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Jos in the Jordanian capital Amman, and during the meeting, discussed the challenges facing the economy Iraq during the current stage and ways to face the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015. Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks that the government should allow private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector," adding that " A comprehensive presentation on the development in the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank in the training of 70% of employees in the Iraqi banking sector. On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the Iraqi economic situation and talks with the Iraqi government under the framework of the Convention on Credit. "The IMF looks forward to maximizing the non-oil resources of Iraq's economy by developing industry and agriculture, improving services, controlling customs and revising its mechanism of action," the statement said. He added that "the organization of the work of the customs will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil over the next five years at $ 50 per barrel."   Views 1   Date Added 09/15/2017

[yota691]

 

The Association of Private Banks and the International Monetary Fund are discussing the challenges facing Iraq's economy 13:24 Last updated 01:29 PM 122 Watch     Baghdad / Al-Ghad Press: The Iraqi Private Banks Association discussed with the International Monetary Fund the challenges facing the Iraqi economy during the current stage and the ways to face the economic crisis and the credit standoff signed by Iraq with the International Monetary Fund in 2015. The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in a statement received by "Al-Gharab Press," that "a delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Joseph Cash in the Jordanian capital Amman, and during the meeting, discussed the challenges facing the economy of Iraq During the current stage and ways to address the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015. Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks that the government should allow private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector," adding that " A comprehensive presentation on the development in the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and terrorism financing and the Association in cooperation with the Central Bank in the training of 70% of employees in the banking sector of Iraq. On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the Iraqi economic situation and talks with the Iraqi government under the framework of the Convention on Credit. "The IMF looks forward to maximizing the non-oil resources of Iraq's economy by developing industry and agriculture, improving services and customs control, and revisiting its mechanism of action," the statement said. He added that "the organization of customs work will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil during the next five years at $ 50 per barrel."

[MyLadiesDaddy]

The number one challenge, evil greed.

The number 2 challenge, finding someone with an IQ over 40.

[yota691]

Association of Banks and the International Monetary Fund are discussing the challenges of Iraq's economy

 Twilight News    

 

 one hour ago

 

The Iraqi Private Banks Association discussed with the International Monetary Fund the challenges facing the Iraqi economy during the current stage and the ways to face the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015. 

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, The statement that "a delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Jos in the Jordanian capital Amman, and during the meeting, discussed the challenges facing the Iraqi economy during the current stage and ways to address the economic crisis and the Convention D of credit signed by Iraq with the International Monetary Fund in 2015.

Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks that the government should allow private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector," adding that " A comprehensive presentation on the development in the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank in the training of 70% of employees in the Iraqi banking sector. On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the Iraqi economic situation and talks with the Iraqi government under the framework of the Convention on Credit.

 

"The IMF looks forward to maximizing the non-oil resources of Iraq's economy by developing industry and agriculture, improving services, controlling customs and revising its mechanism of action," the statement said. He added that "the organization of the work of the customs will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil over the next five years at $ 50 per barrel."

[10 YEARS LATER]

3 hours ago, ladyGrace'sDaddy said:

The number one challenge, evil greed.

The number 2 challenge, finding someone with an IQ over 40.

IQ OF 40 - that's pure genius there. Where do they look for those people- best ask the " Old Man of the Dunes " - let the journey begin. !!!

[Half Crazy Runner]

4 hours ago, ladyGrace'sDaddy said:

The number one challenge, evil greed.

The number 2 challenge, finding someone with an IQ over 40.

 

Number 3 challenge, find people willing to work more than 4 hours per month. 

[DinarThug]

Thx Yo' - Here's A Highlighted One ...

 

 

(by walkingstick)

The Association of Private Banks and the International Monetary Fund are discussing the challenges facing Iraq's economy

The Iraqi Private Banks Association discussed with the International Monetary Fund the challenges facing the Iraqi economy during the current stage and the ways to face the economic crisis and the credit standoff signed by Iraq with the International Monetary Fund in 2015.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in a statement received by "Al-Gharab Press," that "a delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Joseph Cash in the Jordanian capital Amman, and during the meeting, discussed the challenges facing the economy of Iraq During the current stage and ways to address the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015.

Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks that the government should allow private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector," adding that " A comprehensive presentation on the development in the banking sector in terms of compliance and compliance with international requirements,especially with regard to operations against money laundering and terrorism financing and the Association in cooperation with the Central Bank in the training of 70% of employees in the banking sector of Iraq. On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the Iraqi economic situation and talks with the Iraqi government under the framework of the Convention on Credit.

"The IMF looks forward to maximizing the non-oil resources of Iraq's economy by developing industry and agriculture, improving services and customs control, and revisiting its mechanism of action," the statement said. He added that "the organization of customs work will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil during the next five years at a rate of $ 50 per barrel."

https://www.alghadpress.com/news/Iraq-News/118197/AlghadPress

The Association of Private Banks is discussing with the international criticism the challenges facing Iraq's economy

http://www.almaalomah.com/2017.....15/234938/

 

Association of Banks and the International Monetary Fund are discussing the challenges of Iraq's economy

http://www.shafaaq.com/ar/Ar_N.....f3c743597d

[Synopsis]

Thank You, Dinar Thug, for posting these massive amounts of Good News Today!!! (YEAH, BABY!!!)

       

 

Go Moola Nova!

[yota691]

In an interview in Amman, the Association of Banks and the IMF discussed challenges facing the economy

16/9/2017 12:00 am  Baghdad / Al- Sabah  discussed the Iraqi private banks association with the International Monetary Fund challenges facing Iraq 's economy during the current stage and ways the face of the economic crisis and the Convention to prepare the credit , which Iraq signed with the International Monetary Fund in 2015.  The Executive Director of the Association of Iraqi private banks, Ali Tariq, in Press Release "A delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Jos in the Jordanian capital Amman. During the meeting, he discussed the challenges facing the Iraqi economy during the current stage and ways to face the economic crisis and agreement Stand - which Iraq signed with the International Monetary Fund in 2015 ". Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks to make way for private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector," adding that " Including on the development of the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank in the training of 70 percent of employees in the banking sector of Iraq.  On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the economic situation in Iraq and talks with the government under the Convention on  credit readiness . "The IMF looks forward to maximizing the non-oil resources of Iraq's economy by developing industry and agriculture, improving services and customs control, and revisiting its mechanism of action," the statement said. He added that "the organization of customs work will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil during the next five years at $ 50 per barrel."

[yota691]

2017/09/16 (00:01 PM)   -   Number of readings: 122   -   Number (4018)

 

 

money and business

 

مكتب The Office of Abadi announces the structure and functions of the Supreme Committee for Investment 
The Information Office of the Prime Minister Haider Abadi announced the structure and functions of the Higher Committee for Investment and Reconstruction, which was formed by the Council recently, noting that it will follow up on five strategic projects. "The government is aware of the necessity of supporting and revitalizing the investment and reconstruction sector because of its importance in rehabilitating the infrastructure, providing and developing the services provided to the citizen, achieving sustainable economic development and promoting various sectors of the Iraqi economy," said Saad al-Hadithi, a spokesman for the office. The Council of Ministers approved the tasks and mechanisms of the Higher Committee for Investment and Reconstruction, which the Council has already formed to deal with the fundamental and strategic issues related to investment promotion and drawing up plans for major reconstruction projects. 
Atha and remove obstacles. "
Al-Hadithi said that the committee is headed by Abadi and includes ministers: Finance, Planning, Housing, Industry and Minerals, Director of the Prime Minister's Office, Secretary General of the Council of Ministers, Governor of the Central Bank and Chairman of the Investment Authority. Roads, railways, metal and petrochemical industries, dam projects, reservoirs and irrigation. " He added that "the committee will continue to analyze and study the obstacles facing the investment process in order to remove them and has the authority to instruct the National Investment Authority to grant investment license once the requirements and legal conditions of the projects before the committee are met, and the supervision of the allocation of land for strategic projects and directing the one window to obtain approvals and complete procedures from Relevant bodies and adopt a period of time for completion. "



رابطة Association of private banks and the IMF discuss the challenges facing the Iraqi economy 
The Association of Iraqi private banks with the International Monetary Fund discussed the challenges facing the economy of Iraq during the current stage and ways to address the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015. 
The Director The Executive of the Association of Iraqi Private Banks, Ali Tariq, in a press release received a copy of it, "A delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Jos in the Jordanian capital Amman, and during the meeting, Challenges facing the Iraqi economy during the current stage and ways to address the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015.
Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks that the government should allow private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector," adding that " A comprehensive presentation on the development in the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank in the training of 70% of employees in the Iraqi banking sector. On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the Iraqi economic situation and talks with the Iraqi government under the framework of the Convention on Credit.

"The IMF looks forward to maximizing the non-oil resources of Iraq's economy by developing industry and agriculture, improving services, controlling customs and revising its mechanism of action," the statement said.

[yota691]

 

International Monetary Fund demands the privatization of Rafidain and Rashid Bank 14:02 Last updated The time now is 03:27 PM 801 Watch BAGHDAD (Reuters) -  The International Monetary Fund (IMF) has asked for privatization of the state banking sector, a government source said Saturday. The source told "Al-Gharab Press" that "the International Monetary Fund has made substantial observations on the work of Rafidain Bank and Rashid and their inability to invest their funds Almknzza." He added that "the upcoming talks between the delegation of the Iraqi government and the International Monetary Fund will focus on the possibility of reducing operating expenses and work on the privatization of Rafidain Bank and Rashid as an initial step to revive and develop the banking system in Iraq." The Union of Arab Banks announced earlier that the deposits of Rafidain Bank amounted to 30.9 trillion dinars, and that its profits during the last year amounted to 192 billion dinars. The Union of Arab Banks in a report published on the Rafidain Bank, the deposits of Rafidain Bank amounted to 30.9 trillion dinars and cash assets 12.3 trillion dinars and investments 4.8 trillion dinars, noting that the capital paid to the bank 126 billion dinars and reserves 107 billion dinars. He added that the revenues of the bank during the last year amounted to 715 billion dinars and spending 522 billion dinars, noting that the net profit amounted to 192 billion dinars.

[idplzr]

The IMF demands privatization...

I demand an increased exchange rate!!!🙃

[ChuckFinley]

I would like to see 1 to 1.

[yota691]

The document: The government is required to coordinate with the International Monetary Fund to negotiate the price of fuel that does not fit the income of the citizen

16-09-2017 02:49 PM

Readers

 

Baghdad News -

 

 

Iraq's National Wafd Party demanded on Saturday that the prime minister reduce the price of fuel and oil derivatives used by the citizen in his daily life and in industry, agriculture and trade. The party said in a statement, 'We have submitted an official letter to the Office of Abbadi to include the reduction of fuel prices by 60% on its agenda, because of its positive impact on raising the standard of living of the Iraqi people and alleviate the suffering, as well as the role of the reduction will move the wheel of economy and revitalization Agricultural, industrial and commercial sectors in the country. The statement called on the government to 'coordinate with the International Monetary Fund to negotiate the conditions imposed on Iraq, which set the price of fuel disproportionate to the income of Iraqi citizens in the current economic conditions.'


 

 

[Boozer]

Put a rate to your currency and give the people buying power 

[yota691]

KRUSSIAN JUZ: The price of a barrel of oil over the next five years is $ 50 per barrel

16-09-2017 03:05 PM

Readers

 

Baghdad News -

 

 

The head of Iraq's mission to the International Monetary Fund, Christine Goz, said on Saturday that the price of a barrel of oil during the next five years at a rate of $ 50 per barrel. "The IMF looks forward to maximizing the non-oil resources of the Iraqi economy through the development of industry, agriculture, improving services, controlling customs and reviewing," the IMF said in a statement. He added that 'the organization of the work of the customs will be an important resource for the Iraqi government in the next phase in the light of the decline in oil prices,' adding that 'the International Monetary Fund expected to be the price of a barrel of oil during the next five years at a rate of $ 50 per barrel'. According to the statement, 'the two sides discussed the challenges facing the Iraqi economy during the current stage and ways to address the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015.

[yota691]

The International Monetary Fund predicts oil price stability at $ 50 for the coming years

Readers

 

The International Monetary Fund predicts oil price stability at $ 50 for the coming years

 

16-09-2017 01:11 PM

The Euphrates -

 

The head of Iraq's mission to the International Monetary Fund, Christian Jos, predicted Saturday that the price of a barrel of oil during the next five years at a rate of $ 50 per barrel. "The IMF looks forward to maximizing the non-oil resources of Iraq's economy through the development of industry, agriculture, improving services, controlling customs and reviewing," the IMF said in a meeting with a delegation of the Association of Iraqi Private Banks in Amman. He added that the organization of the work of the customs will be an important resource for the Iraqi government in the next phase in light of the low oil prices, 'adding that' the International Monetary Fund is expected to be the price of a barrel of oil during the next five years at $ 50 per barrel. ' According to the statement, the two sides discussed the challenges facing the Iraqi economy during the current stage and ways to deal with the economic crisis and the credit standoff signed by Iraq with the International Monetary Fund in 2015.

[blueskyline]

http://en.economiciraq.com/2017/09/16/imf-calls-for-privatization-of-rafidain-and-rasheed-banks/.........

IMF calls for privatization of Rafidain and Rasheed banks

By

 rami

 - 

September 16, 2017

13

 

0

 

 

A government source disclosed on Saturday that the International Monetary Fund (IMF) has requested the privatization of the state banking sector.
The source said that “the International Monetary Fund has made substantial observations on the work of Rafidain and Rashid Bank and their inability to invest funds Almknzah them.”
He added that “the upcoming talks between the delegation of the Iraqi government and the International Monetary Fund will focus on the possibility of reducing operating expenses and work on the privatization of Rafidain Bank and Rashid as an initial step to revive and develop the banking system in Iraq.”
The Union of Arab Banks announced earlier that the deposits of Rafidain Bank amounted to 30.9 trillion dinars, and that its profits during the last year amounted to 192 billion dinars.
The Union of Arab Banks in a report published on the Rafidain Bank, the deposits of Rafidain Bank amounted to 30.9 trillion dinars and cash assets 12.3 trillion dinars and investments 4.8 trillion dinars, noting that the capital paid to the bank 126 billion dinars and reserves 107 billion dinars.
He added that the revenues of the bank during the last year amounted to 715 billion dinars and spending 522 billion dinars, noting that the net profit amounted to 192 billion dinars.

[unirod]

Reminds me of the "Iron Bank" in the show "Game of Thrones"!

[SnowGlobe7]

bwwwhahahhahahaaa

[yota691]

 

Economist: Restructuring government banks is an important step ahead of the process of privatization 15:39 Last updated The time now is 03:57 PM 245 Watch   BAGHDAD /  An economic expert criticized the government's move to privatize the banking sector without restructuring it. "The process of privatizing the government banking sector requires proactive steps, including the restructuring of all government banks without exception, according to a developed economic vision," Amer told Al-Ghad Press. He added that "the Rafidain and Rashid Bank suffer from administrative and financial problems large, especially the external debt of Rafidain Bank in addition to continuing to use an outdated banking system is outdated." He pointed out that "the World Bank set a plan to restructure and reform the Rafidain Bank and Rashid in 2009 and the disbursement of $ 10 million without a little economic benefit."

[ChuckFinley]

Thanks Yota for posting on a Sunday. 

[sandfly]

chuck i'll take .50 any day

[yota691]

2017/09/17 (00:01 PM)   -   Number of readings: 393   -   Number (4019)

 

 

International Monetary Fund urges Iraq to maximize its resources by revitalizing industry and agriculture

Baghdad / Range 
 

The International Monetary Fund said it looked forward to maximizing the non-oil resources of Iraq's economy through the development of industry and agriculture, improving services, controlling customs and reviewing its mechanism of operation as an important resource for the Iraqi government in the next stage in the light of low oil prices. The private banks to take their natural role to stimulate the economy of the country and by allowing the dealing of its services with private banks in order to restore confidence to the banking sector. This was during a meeting in the Jordanian capital of Amman within the Association of Iraqi Special Banks with the International Monetary Fund, which focused on the challenges facing the Iraqi economy during the current stage and ways to address the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015.



The latest consultation between Iraq and the IMF was held for the second review of the credit agreement on 1-6-2017, in which Iraq sought a loan of about $ 840 million as part of the credit readiness program signed between the two sides. The agreement aims to rebalance the financial account The external account and the improvement of public financial management while protecting expenditure. The head of the mission of Iraq to the International Monetary Fund, Christian Jos, during the meeting, a summary of the economic situation in Iraq and ongoing talks with the Iraqi government under the Convention on credit readiness, noting: "The IMF looks forward to maximize non-oil resources of the economy of Iraq, The country as industry and agriculture, in addition to improving services, with the need to control customs and reconsider the mechanism of work. "

"The IMF sees that" the organization of the work of the Iraqi customs will be an important resource for the Iraqi government in the next stage, especially in the light of low oil prices, "adding:" The IMF also expects that the price of a barrel of oil during the next five years rate $ 50 per barrel. "
The economic reforms in Iraq include an increase in taxes and electricity charges, and improved level of banking supervision to combat corruption and money laundering. The economic reforms in Iraq will improve the country's productive base and ease the burden of the public budget. Executive Director of the Association of Iraqi Private Banks Ali Tariq said in a statement obtained (a copy) that "a delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Joseph in the Jordanian capital Amman, and during the meeting, discussed the challenges facing the Iraqi economy During the current stage and ways to address the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015.
Tariq added that "the Association of Iraqi private banks stressed during the meeting on the need for the government to allow private banks to take their natural role to revitalize the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector," but added: On the development in the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank of Iraq to train 70% of employees in the Iraqi banking sector, In line with the recommendations of the International Monetary Fund. It is noteworthy that the banking system in Iraq consists of (54) banks as well as the Central Bank and is distributed by ownership among (7) government banks and (23) commercial banks, including (9) Islamic banks in addition to (15) branches of foreign banks.

[blueskyline]

http://economy-news.net/content.php?id=9048....

  International Monetary Fund: Independence of Kurdistan will not affect the economy of Iraq

 

Logo of the International Monetary Fund

Economy News Baghdad:  The International Monetary Fund (IMF) announced on Monday that the independence of the Kurdistan region will have no significant economic and financial impact on Iraq.  The Iraqi Business Council said in a press statement received by "The Economist News" that "the head of the mission of the International Monetary Fund in Iraq, Christian Joss, discussed in the Jordanian capital Amman with the delegation of members of the Iraqi Business Council the latest developments in the Convention on credit readiness with Iraq and the challenges facing the Iraqi private sector" . "The independence of the Kurdistan region will not have a significant economic and financial impact on Iraq, because the Iraqi government has not paid for the Kurdistan region two years ago; and therefore did not affect the general budget of the government."  He added that "the IMF agreement with the Iraqi government to pay the dues of contractors over three years from the signing of the credit agreement, that is to pay all arrears by 2019."