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Experts: 2018 start harvesting the fruits of economic victories


yota691
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Experts for the {morning}: 2018 start harvesting the fruits of economic victories

   
 

 
 


26/11/2017 12:00 am 

Baghdad / Farah Al-Khafaf 

Experts expected that the government will focus on the economic file during the year 2018 on the file of investment and employment of unemployed youth, as well as open wider prospects for partnership and cooperation with the countries of the world.

According to expert Rahim al-Shammari for "morning", "2018 will be a year to translate the victories achieved by the security forces, so the government will try to focus on the service and economic aspects."

 


He pointed out that "difficulties will face the government because of the file of the elections, which will try to block any trends to elevate the situation, within the principle of electoral competition," calling for "corner of the election aside and work to promote the economy and services, especially that the latter faces many challenges and disadvantages because of corruption or lack Money ". Reviving the economy For his part, the financial expert Thamer al-Azzawi likely that the government is moving to revive the economy, especially with the near completion of military operations expensive financial. He pointed out in a statement to al-Sabah that "the year 2018 will witness the beginning of the harvest of the fruits of the government's efforts," stressing that "This began to be clear in the speech of Prime Minister Dr. Haider al-Abbadi last week, when he stressed that there is no prejudice to salaries and that the allocations are insured, The physical situation is rather good. "


The Central Bank of Iraq has announced the completion of discussions with the International Monetary Fund on the third review of the credit agreement, pointing to the IMF's progress with Iraq on the budget in 2018, which comes in line with the agreement on 
credit readiness  . Crossing the crisis expert Saad al-Muhammadawi explained that "the government succeeded in keeping the stick from the middle, has achieved military successes, and was able to cross the financial crisis." "The year 2018 will witness a greater movement in the economic file, especially with regard to strengthening relations with the neighboring countries and the region, and the countries of Europe and East Asia," he said. He also pointed to "the existence of government plans to support the public and private sectors, attract domestic and foreign investments through the introduction of new facilities, as well as the announcement of projects for the employment of unemployed youth."


With regard to the latter paragraph, the Parliamentary Committee on Economy and Investment held a workshop to discuss the youth employment project through collective lending mechanisms. Job Opportunities The workshop, which was attended by bank managers, representatives of the ministries concerned, consultants and the private sector, discussed a number of proposals to find a formula to reduce the trend toward the government function and to promote the private sector to be the most suitable alternative for securing employment opportunities for young people. "This project was submitted by the committee and held several meetings with stakeholders," said Ahmed Salim al-Kanani, head of the committee. "This is the second workshop in which the executive bodies concerned have been hosted and will work in the event of approval of the project to adopt implementation and overcome all the obstacles facing Implementation ". Lending Strategy


For his part, the supervisor of the project, Dr. Ismail Aboudi, said that "the aim of the project is to change the strategy of lending by the government and directed towards unemployed youth, and instead of granting them limited amounts to develop small projects mostly literal or purchase vehicles carrying or special transport, Covered by loans to establish companies or medium projects of their loan funds depending on what the developer of the  
feasibility. 
He added that "the known for medium projects are more effective and influential in the direction of development and more useful for the national economy, not to mention that these projects will occupy the hands of more than individual projects and small, and here will create alternative jobs for the government sector Which is no longer able to absorb larger numbers than the  
current one. "  Joint Committee

The workshop concluded with recommendations that complement the recommendations of the first meeting, including the formation of a joint committee comprising members of the House of Representatives, the relevant committees and representatives of ministries and departments not affiliated with the Ministry, with representatives of civil society organizations and the private sector. 
The tasks of the Committee, the dates for the start and end of its functions, the holding of meetings with the executive side of the Government and the readiness to enact legislation that would be a formal framework for the work of the project managers were also identified.

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15 minutes ago, skeetdog said:

Thanks Yota...It's been a long time comin...We're all pretty much ready for the next phase...

 

3 minutes ago, newbieDA said:

 

Ya I agree skeet, I am seeing this also this morning. Things should start progressing again here "SOON" hehe

I think you guys are right on this. ISIS is taken care of, referendum is basically taken care of, and now we are seeing Kuwait being taken care of. Not a whole lot to do but go to the next phase.  

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1 minute ago, ChuckFinley said:

 

I think you guys are right on this. ISIS is taken care of, referendum is basically taken care of, and now we are seeing Kuwait being taken care of. Not a whole lot to do but go to the next phase.  

 

ya I feel it Chuck, things are taken care of and we are going to move on now

 

We got a lawsuit that was filed on the 5% Oil to Kuwait and maybe effecting the accession into the WTO cause they maybe taking advantage of Iraq, but I think it will be good thing for Iraq.

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relationship: debt has risen over the past two years and we await the rise in oil prices

Keywords: Debt has risen over the past two years and we are waiting for high oil prices
 
 Twilight News    
 
 5 hours ago
 
 

The governor of the Central Bank of Iraq Ali al-Alaq, the high volume of domestic public debt during the past two years.

Al-Alak said in a televised statement that the size of the local public debt in his country has increased during the past two years, adding that it is still acceptable within international standards.

"The ratio of debt to gross domestic product (GDP) is still acceptable," he said, adding that "we should not go further."

"Iraq is arranging its debts with the International Monetary Fund," he said, adding that "the money that will result from the increase in oil prices will be used to cover the deficit and pay off debts."

 
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Here is a two year trend on oil prices:

 

CRUDE OIL Jan 2018 (E) Future

New York Mercantile Exchange  CRUDE OIL Jan 2018 (E) (NYMEX:CL.F18.E)

a3ec4701a2584902ecd774104f6b79d9.png
lg.php?bannerid=205&campaignid=7&zoneid=

 

57.72 -0.39 (-0.67%)

2017-11-28 08:11:55, 30 MIN DELAY

CRUDE OIL Jan 2018 (E) (NYMEX:CL.F18.E) Future Chart
1 Day
3 Day
5 Day
1 Month
3 Month
6 Month
1 Year
 
http://quotes.ino.com/charting/index.html?s=NYMEX_CL.F18.E&t=&a=&w=&v=dmax
 
Overall, looking good the second half of 2017!!! With some Iraqi crude just recently beginning to be traded on the UAE Dubai exchange, I am wondering if oil prices overall will continue to trend upward and bolster Iraq going to an open economy with a brand spankin' new currency value :o   :o   :o   Maybe bustin' $60/barrel and staying there while trending higher???!!!
 
Go Moola Nova (YEAH, BABY!!!)!
:pirateship:
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