they are still getting loans BECAUSE

[randalln]

Iraq

Last Updated: March 31, 2011

PDF Version

Current Program Status:

Two-year Stand-By Arrangement (SBA) in the amount of SDR 2.38 billion (about US$3.8 billion), approved by the IMF's Executive Board on February 24, 2010. The IMF's Executive Board completed the first program review on October 1, 2010, and the second review on March 18, 2011, bringing the total resources currently available to Iraq under the arrangement to SDR 1069.56 million (about $1.7 billion). At the time of the second review, the program duration was extended by five months to July 2012, along with a rephasing of program disbursements based on a shift in financing needs from 2010 into 2011.

Background

Iraq is estimated to have the world’s second-largest oil reserves, with reserves recently revised upward from 115 to 143 billion barrels, based on new geological surveys. By the 1970s, Iraq’s oil resources had enabled the country to reach middle-income status, with a modern infrastructure, and good education and healthcare systems. Since then, however, Iraq has suffered through three devastating wars, a long period of economic and financial mismanagement, and international sanctions imposed during the 1990s. These events traumatized the population, severely damaged political and economic institutions, and undid earlier economic and social gains. By 2004, per capita GDP had fallen to less than US$800, and the country suffered from a crippling debt burden.

The task of rebuilding the country after 2003 has been—and remains—immense and was made harder by sectarian politics and prolonged violence. Iraq’s reconstruction requires not only the rebuilding of its infrastructure, but also of its economic and social institutions, and the creation of a business environment that attracts capital and brings with it new technology and skills to modernize the economy. Iraq’s huge oil reserves could, in principle, provide the resources needed to finance the reconstruction, but with the oil industry in disrepair and subject to attacks by insurgents, translating these resources into revenues has not been easy. Nevertheless, Iraq’s longer-term outlook is strong as domestic and foreign investment in the hydrocarbon sector starts to bear fruit, and oil production and exports are projected to increase considerably in the years ahead.

Role of the IMF

The IMF commitment to Iraq relies on two main pillars. First and foremost, the IMF is helping the authorities in their efforts to maintain macroeconomic stability as a key condition for economic growth and the generation of sustainable employment opportunities for Iraq’s large labor force. And second, the IMF has and will continue to assist the Iraqi authorities in rebuilding essential economic institutions with its policy advice and technical expertise.

• Macroeconomic stability is at the heart of the IMF programs with Iraq. With the support of a number of IMF programs, the macroeconomic situation of Iraq has improved substantially since 2003, despite extremely difficult security circumstances and periods of political uncertainty. Inflation has been reduced to low single digits, and has remained low for a number of years now, after spiraling up to rates of 70 percent in 2007. The economy is growing with the revival of the oil sector and the steady improvement in the security situation. And with the support of the international community, debt levels have been brought down to sustainable levels.
• Policy advice focuses on the fiscal, monetary and financial policy areas. In the fiscal area, major emphasis has been put on the adoption of policies that support the reconstruction of Iraq and the creation of a targeted safety net system for the poor, while preserving medium-term fiscal sustainability. In the monetary and financial areas, the emphasis has centered on keeping inflation under control, as it is a pervasive tax on the poor, and in helping to establish a framework that enables the private sector to develop. IMF technical assistance in support of policy advice has proven essential in helping the Iraqi authorities develop their institutional capacity and governance infrastructure.

Current Program

The current program aims to continue to support the reconstruction of Iraq in challenging times. Following the successful conclusion of Iraq’s second SBA program, the IMF’s Executive Board approved a new two-year SBA program on February 24, 2010 that allows for disbursements of about US$3.8 billion (SDR 2,376.8 million, or 200 percent of quota). The program provided a macroeconomic framework supporting ongoing reconstruction efforts during the political transition after the March 2010 parliamentary elections.

The key objectives of the current SBA remain the same as in past programs—the preservation of macroeconomic stability, and the adoption of policies and measures to ensure sustainable growth and poverty reduction. The program responded to the drop in oil prices from their peak levels in mid-2008, which translated into a substantial deterioration of Iraq’s external position in 2009 and to a financing gap in the government finances.

Besides preserving macro-stability and providing budgetary support, the program also aims at supporting the authorities’ medium-term structural reform agenda. This agenda relies on three key pillars:

• Modernizing Iraq’s public financial management system. This encompasses improvements in the allocation, execution, transparency, and accountability of the mobilization and use of public resources. Priority areas include improving budget preparation, reporting and cash management, public procurement, internal audit and control systems, and the accounting framework.
• Developing the financial sector—by enhancing Central Bank of Iraq (CBI) operations, and developing a banking sector that can provide basic financial services, including to the private sector which is essential to help create a vibrant private sector. Reinforcing central banking operations includes rebuilding the capacity of the central bank to conduct monetary and exchange rate policies, supervise banks, and manage the country’s foreign exchange reserves. The financial restructuring of the two main state-owned banks is an important step to help establish the conditions for the banking system to extend credit to the private sector.
• Strengthening governance in the oil sector. As part of the authorities’ efforts to ensure transparency and accountability in the oil sector, Iraq became a candidate member to the Extractive Industries Transparency Initiative (EITI) in February 2010, with a view to becoming a full member in 2012. Efforts are also directed at completing the installation of oil metering systems, which will help to fully reconcile the flows of oil and oil products with the financial flows between the budget and the oil sector, and at maintaining a single account for all oil export proceeds.

The completion of the second review of the SBA program on March 18, 2011 highlighted that:

• Iraq has maintained macroeconomic stability under difficult external and internal circumstances. Inflation has remained in the low single digits and the exchange rate has remained stable. The 2010 budget deficit is estimated to have been limited to about 10 percent of GDP, significantly smaller than had been projected, partly reflecting delays in the execution of the investment budget. The 2011 budget aims to accelerate investment in public services and in oil infrastructure, as well as to accommodate higher social safety net and security outlays, while remaining consistent with medium-term fiscal sustainability. Based on a relatively conservative assumption for oil revenues, the 2011 budget deficit would be limited to about 14 percent of GDP, before falling in 2012. A strong emphasis on ensuring the quality of public spending remains important.
• Decisive efforts to rebuild key economic institutions and improve governance remain critical to strengthening public service delivery and private sector development. Progress in implementing structural reforms in late 2010 and early 2011 has been uneven. This largely reflected the still severe capacity and security constraints, which also hampered the effective delivery of technical assistance, as well as the political transition. The formation of the new government and the expected increase in oil production in the coming years offer an opportunity to step up reform efforts while maintaining macroeconomic stability.
• Iraq’s economic prospects continue to be subject to significant risks.Major risks derive from institutional and capacity constraints, volatility of oil prices, and a fragile political and security situation.

They dont have to do S#!T yet .......this is why they are yanking chains .......the arabs ...the chinese ..........nobody reads the rules ....and IRAQ is milking them for all they got

I was pointed to this from a Business friend of the family .....He stated ....that there are lots of people watching this ....and the way its transpiring ......and they are getting FED.......... UP WITH THE S#!T FROM IRAQ

[thesjeske]

Thank you for the post

[randalln]

But He guaranties they will lose all protection and or backing by summer ......so they better get their S#!T together ......or they will find there-self at 1166 for 5 more years just like UAE did back when they did not RV there currency

[Azsunshine]

Thank you...

[randalln]

He would not go as far as to say .....that this is the holdup for the ch7 ....but he hinted at it ......and said that did not have anything to do with RI the dinar .......and further RV........

And now they are playing the limping dog by getting everybody else to pay for all these projects ...trying to convince....and or stall for time ......to cover redirection of funds working on other plans ........I will leave it at that

Main reason I tell you what was stated to me is ........STOP BUYING THERE S#!T ......THE MONEY IS NOT A SCAM >>>>>>>BUT EVERY THING THEY ARE SHOVELING IS

They are trying to out last the rest of the world so that we fall first .....to prop up there-selfs ........

Edited April 3, 2012 by randalln

[Butifldrm]

Maybe this is how Iraq builds their credit rating, which I have heard is a Score of B. They can borrow all the money they want, just like you or I, as long as they pay it back. Looks like the IMF is the only entity to do business with Iraq. Hopefully once Iraq movves into the international markets, they will have better choices.

[shabbadude]

He would not go as far as to say .....that this is the holdup for the ch7 ....but he hinted at it ......and said that did not have anything to do with RI the dinar .......and further RV........

And now they are playing the limping dog by getting everybody else to pay for all these projects ...trying to convince....and or stall for time ......to cover redirection of funds working on other plans ........I will leave it at that

Main reason I tell you what was stated to me is ........STOP BUYING THERE S#!T ......THE MONEY IS NOT A SCAM >>>>>>>BUT EVERY THING THEY ARE SHOVELING IS

They are trying to out last the rest of the world so that we fall first .....to prop up there-selfs ........

Here here!

[randalln]

From :arabnews.com dated April 03, 2012, sorry if this has been posted elsewhere.

Impose sanctions on Al-Maliki

Nearly three days after the Arab Summit in Baghdad was adjourned, Iraq’s Prime Minister Nuri Al-Maliki launched an attack, more like a personal attack, on both Saudi Arabia and Qatar — which he described as “these two countries”, in defense of the Baathist regime of Bashar Al-Assad! Al-Maliki did not only attack Saudi Arabia and Qatar, but he also said, in reference to the despotic Assad regime: “The regime did not fall, and it will not fall, and why should it fall?”

Yes, he said why should it fall? After nearly 10,000 Syrians killed, and a million are in need of immediate humanitarian aid, in addition to more than 100,000 refugees, Al-Maliki — who previously accused the Assad regime of being behind terrorism in Baghdad, and threatened to resort to the UN Security Council because of this — today speaks of the Syrian regime saying “why should it fall?”

The truth is that what Al-Maliki is doing is a sign that the current Iraqi government cannot be trusted, under any circumstances, for several reasons.

If Al-Maliki is concerned for the safety of Syria and the region as a whole, which itself is unbelievable, when he warns that any attempt to topple the Assad regime by force will lead to “a wider crisis in the region”, then what about Al-Maliki’s party itself, which came to power in Iraq as the result of the United States, a foreign intervening force that brought down Saddam Hussein?

Likewise, the Al-Maliki government has remained in power as a result of Iranian pressure, despite Al-Maliki losing the elections and coming second behind Iyad Allawi, so how can he fear for the region now if Assad is overthrown by force?

How can Al-Maliki attack Saudi Arabia and Qatar following the Arab summit in Baghdad, after both countries attended the meeting, and especially given the positions of both countries in the days leading up to the event.

Meanwhile, ahead of the summit Al-Maliki had announced that his government could not defend Assad. So how, nearly three days after the Baghdad summit, can Al-Maliki turn on Saudi Arabia and Qatar today? Of course, this is clear deception, and evidence that Al-Maliki’s government cannot be trusted. Had he attacked “these two countries” before the Baghdad summit, then matters would have turned out differently.

Most important of all, in addition to the fact that we cannot trust the Al-Maliki government, is that the Iraqi government is trying to secure a safe passageway for the transfer of Iranian weapons to the Assad regime, and this is what a witness — a dissident Syrian official — reported to the Friends of Syria conference in Istanbul.

Consequently, how can we trust the so-called democratic government of Iraq, which hunted down Iraq’s Sunnis under the pretext that they were affiliated to the Baath party, whilst defending the Syrian Baath party today, and securing a weapons route for it? What unites the Baghdad government and the Assad regime apart from sectarianism?

Therefore, sanctions must be imposed upon Nuri Al-Maliki himself, not Iraq, and the Gulf States must begin to boycott Al-Maliki and his government.

Even the Iraqi presidency of the Arab League does not bear the same value now, given Al-Maliki’s dishonorable defense of Syria. We must punish all those who stand with the tyrant of Damascus, firstly the Al-Maliki government.

We must commence a boycott in order to prevent the emergence of a new Saddam Hussein or Bashar Assad.

The author is editor in chief of Asharq Al-Awsat.

Write to him at tariq@asharqalawsat.com

Read more: http://dinarvets.com.../#ixzz1qwXGFhOQ

this could be a huge setback .....to the point of not removing them fro ch7

Iraq thinks because they have the worlds ear.....that they can dictate policy ...........and they may just be waking up sleeping giants around the world .....against them again ......

They are trying to push there power too far .........and the KURDS dont want any part of it ......this could be the start of a..... civil power grab ...with the backing of the.... Arib Nations .....and they dont want that .......too get grouped back in with Iran .....but its starting to look that way

ALL THEY HAD TO DO WAS RV THE MONEY BUT THEY MESSED THAT UP TO

Dubai: In the latest sign of worsening ties between the Iraqi central government and Kurdistan and its Arab neighbours, Baghdad yesterday lambasted the autonomous region's move to allow Sunni Vice-President Tarek Al Hashemi, who faced terror charges, to travel to Qatar and to stop oil exports.

Iraqi Deputy Prime Minister Hussain Shahristani asked Doha to send Al Hashemi back in what many experts described as part of ongoing tensions between the two sides amid sectarian strains and different approaches to the Syrian crisis.

"Qatar should review its position and send Al Hashemi back to Iraq to stand trial," Shahristani was quoted as saying at a press conference. Qatar's acceptance of Al Hashemi was "unacceptable", he added.

Shahristani said Kurdistan committed a "clear challenge to law and justice" by allowing Al Hashemi to leave the country. Al Hashemi had been holed up in Kurdistan since last December, when Iraqi officials accused him, a day after the US troop withdrawal, of running death squads against Shiites, government officials and security forces. He denies the charges, which he says are politically motivated. Kurdish officials have repeatedly rejected Baghdad's requests to hand over the vice-president.

Al Hashemi swiftly rejected Baghdad's demand upon arrival in Doha. He told AFP, "There has not been a judicial decision against me by any court, and the demand does not respect Article 93 of the constitution, which provides me with immunity."

Al Hashemi's case has divided Iraqi politicians.

"His trip to Qatar is his right as a vice-president," Talal Al Zoubai, an Iraqi MP from the Iraqiya bloc, said.

"The accused is innocent until he is proven guilty…. And we are confident, as an Iraqi bloc and all the national parties, that the man is innocent and far from these accusations… it is a political vendetta," he told Gulf News.

Other Arab political experts believe Al Hashemi's trip to Qatar is likely to deepen already existing tensions between Iran and the neighbouring Gulf states.

"There is an attempt at media escalation by the Iraqi government towards Qatar in particular," said Mohammad Ezz Al Arab, a researcher at the Arab and regional unit at the Cairo-based Al Ahram Strategic Studies Centre. "This is only one of the cases," between Iraq and the Arab states, he told Gulf News.

Oil exports halted

Sectarian tension, trading accusations of interfering in each other's internal affairs, Baghdad's strong relations with Iran, and its support for the Syrian regime of Bashar Al Assad, who is criticised by the Gulf countries for crushing the year-long protests, are among the main reasons for the ongoing tensions, added Ezz Al Arab.

Baghdad also criticised Kurdistan for stopping its crude oil exports on Sunday after arguing the central government had withheld $1.5 billion owed to foreign oil companies working in the region.

Link - http://gulfnews.com/...qatar-1.1003412

Read more: http://dinarvets.com.../#ixzz1qwaYvYPt

just more proof ......or fuel for the fire

Edited April 3, 2012 by randalln

[bamjack75]

Cancel Christmas!!!!!!

[DinarWhiz]

Randlln you are the man. I believe you are brilliant.

[randalln]

I think the Dinar is pegged by law to the SDR ....From the rules of the IMF

The UAE was also till 1997 when it went to the dollar

On January 28, 1978, the dirham was officially pegged to the IMF's special drawing rights (SDRs).^[1] In practice, it is pegged to the U.S. dollar for most of the time.^[2] Since November 1997, the dirham has been pegged to the 1 U.S. dollar = 3.6725 dirhams,^[3] which translates to approximately 1 dirham = 0.272294 dollar.

so they have no reason to RV till the SDR requirement is fulfilled ...............they say they are selling dollars............. but they are just measuring the dinar............. by the dollar ....in a saturated market ......they are acutely ......trading SDR's .....then reporting Dollars ....for means of covering...... the true means of how they are getting........... the goods from around the world for such a good rate ......they cant legally use the currency from another country .......wail being sovereign

Thats is why most of the Big Banks continue to say this is a SCAM .....they are cooking the books so to speak( IRAQ).......it all points to the SDR ....and why they continue to get loans from the IMF and World Bank ........they are backing them with a RV'ed dinar .....too be paid at a future RV rate ...........and now the World Bank is getting pissed .....and starting to put there fingers in the PIE

And other countries were turning there backs also .....till NOW .........they want the same deal and............. it starting to fall apart .....for Iraq ....

This is why the Currency sales ........DONT ADD UP ......they dont have to back the sales ........And why the ones.......... on here that have crunched the numbers ....always say something is not right .........

[Laid Back]

Now, I understand why so many people is getting out of this investment.

Thanks randalln.

[randalln]

also would explain ....why there is a fluctuation in the exchange rate on a almost normal basis .....that makes it look like a RV had taken place .....when it had not .....they are transferring funds ....at a rate not published ....to countries all over the world .....for goods paid in SDRs .....that are on there account

And WE ....cause so many of us watch all the time pickup on the exchange ......then it disappears again.....

And now that they are getting pressure from the outside ......maybe just maybe ......we are in a window .....and they are pulling out all the stops to make it look like there falling apart ......to keep all the big fish from jumping on them out the gate

Because if its not this .....................

THEN THEY ARE HEADED BACK TO A CIVAL WAR

Now, I understand why so many people is getting out of this investment.

Thanks randalln.

THAT JUST MAYBE WHAT THEY WANT

If you or any body-else could.................. i would hold till they tell you that the dinar is just no good anymore ....THE VERY END ....THEY MAY PUSH OUT AT $4 dollars

I KNOW MODS ........i have combined fact with Opinion ........In the same thread

But at-least i started out with News

[unirod]

Randaln,

Your hitting it out of the park tonight!!!

Thanks for the Post and commentary

[uncirculd]

That is why the banks are not selling the dinar anymore and call this a scam. They feel Iraq will never get it together. It's all political. Most of everything else is ripe. The CBI, the investments, and the assets. We only need one very important piece for the icing. The power sharing government. Our banks, and skeptics, thinks it won't happen. At times it looks bad. At least now it's down to the nitty gritty.

[Brisco]

Randaln nice work my friend

[unirod]

I believe it's all a fabricated crisis and has been for some time. These guys have been milking the world for all they can get $$$$$ why use your own money when you can get the stupid western banking systems to loan you money at near zero interest. Hey for all we know it is at a zero interest rate.

Thx Randaln

[randalln]

And now this

Before talking about - or rather by the Central Bank - Massoud Barzani, said local media that the Prime Minister had intentionally provided his dismissal through the use of age, for refusing to comply with its decisions, and his province a degree of independence of the Central Bank of Iraq.

Read more: http://dinarvets.com/forums/index.php?/topic/112467-shabibi-our-experience-in-getting-rid-of-talent/#ixzz1qx87aiCh

This has got to be misinformation they cant survive without Shibbi

[drc85260]

FYI...

link: http://www.imf.org/external/np/country/notes/iraq.htm

Last updated on March 31, 2011

IRAQ—PROGRAM NOTE

Background

Current Program Status:

Two-year Stand-By Arrangement (SBA) in the amount of SDR 2.38 billion (about US$3.8 billion), approved by the IMF's Executive Board on February 24, 2010. The IMF's Executive Board completed the first program review on October 1, 2010, and the second review on March 18, 2011, bringing the total resources currently available to Iraq under the arrangement to SDR 1069.56 million (about $1.7 billion). At the time of the second review, the program duration was extended by five months to July 2012, along with a rephasing of program disbursements based on a shift in financing needs from 2010 into 2011.

Background

Iraq is estimated to have the world’s second-largest oil reserves, with reserves recently revised upward from 115 to 143 billion barrels, based on new geological surveys. By the 1970s, Iraq’s oil resources had enabled the country to reach middle-income status, with a modern infrastructure, and good education and healthcare systems. Since then, however, Iraq has suffered through three devastating wars, a long period of economic and financial mismanagement, and international sanctions imposed during the 1990s. These events traumatized the population, severely damaged political and economic institutions, and undid earlier economic and social gains. By 2004, per capita GDP had fallen to less than US$800, and the country suffered from a crippling debt burden.

The task of rebuilding the country after 2003 has been—and remains—immense and was made harder by sectarian politics and prolonged violence. Iraq’s reconstruction requires not only the rebuilding of its infrastructure, but also of its economic and social institutions, and the creation of a business environment that attracts capital and brings with it new technology and skills to modernize the economy. Iraq’s huge oil reserves could, in principle, provide the resources needed to finance the reconstruction, but with the oil industry in disrepair and subject to attacks by insurgents, translating these resources into revenues has not been easy. Nevertheless, Iraq’s longer-term outlook is strong as domestic and foreign investment in the hydrocarbon sector starts to bear fruit, and oil production and exports are projected to increase considerably in the years ahead.

Role of the IMF

The IMF commitment to Iraq relies on two main pillars. First and foremost, the IMF is helping the authorities in their efforts to maintain macroeconomic stability as a key condition for economic growth and the generation of sustainable employment opportunities for Iraq’s large labor force. And second, the IMF has and will continue to assist the Iraqi authorities in rebuilding essential economic institutions with its policy advice and technical expertise.

• Macroeconomic stability is at the heart of the IMF programs with Iraq. With the support of a number of IMF programs, the macroeconomic situation of Iraq has improved substantially since 2003, despite extremely difficult security circumstances and periods of political uncertainty. Inflation has been reduced to low single digits, and has remained low for a number of years now, after spiraling up to rates of 70 percent in 2007. The economy is growing with the revival of the oil sector and the steady improvement in the security situation. And with the support of the international community, debt levels have been brought down to sustainable levels.
• Policy advice focuses on the fiscal, monetary and financial policy areas. In the fiscal area, major emphasis has been put on the adoption of policies that support the reconstruction of Iraq and the creation of a targeted safety net system for the poor, while preserving medium-term fiscal sustainability. In the monetary and financial areas, the emphasis has centered on keeping inflation under control, as it is a pervasive tax on the poor, and in helping to establish a framework that enables the private sector to develop. IMF technical assistance in support of policy advice has proven essential in helping the Iraqi authorities develop their institutional capacity and governance infrastructure.

Current Program

The current program aims to continue to support the reconstruction of Iraq in challenging times. Following the successful conclusion of Iraq’s second SBA program, the IMF’s Executive Board approved a new two-year SBA program on February 24, 2010 that allows for disbursements of about US$3.8 billion (SDR 2,376.8 million, or 200 percent of quota). The program provided a macroeconomic framework supporting ongoing reconstruction efforts during the political transition after the March 2010 parliamentary elections.

The key objectives of the current SBA remain the same as in past programs—the preservation of macroeconomic stability, and the adoption of policies and measures to ensure sustainable growth and poverty reduction. The program responded to the drop in oil prices from their peak levels in mid-2008, which translated into a substantial deterioration of Iraq’s external position in 2009 and to a financing gap in the government finances.

Besides preserving macro-stability and providing budgetary support, the program also aims at supporting the authorities’ medium-term structural reform agenda. This agenda relies on three key pillars:

• Modernizing Iraq’s public financial management system. This encompasses improvements in the allocation, execution, transparency, and accountability of the mobilization and use of public resources. Priority areas include improving budget preparation, reporting and cash management, public procurement, internal audit and control systems, and the accounting framework.
• Developing the financial sector—by enhancing Central Bank of Iraq (CBI) operations, and developing a banking sector that can provide basic financial services, including to the private sector which is essential to help create a vibrant private sector. Reinforcing central banking operations includes rebuilding the capacity of the central bank to conduct monetary and exchange rate policies, supervise banks, and manage the country’s foreign exchange reserves. The financial restructuring of the two main state-owned banks is an important step to help establish the conditions for the banking system to extend credit to the private sector.
• Strengthening governance in the oil sector. As part of the authorities’ efforts to ensure transparency and accountability in the oil sector, Iraq became a candidate member to the Extractive Industries Transparency Initiative (EITI) in February 2010, with a view to becoming a full member in 2012. Efforts are also directed at completing the installation of oil metering systems, which will help to fully reconcile the flows of oil and oil products with the financial flows between the budget and the oil sector, and at maintaining a single account for all oil export proceeds.

The completion of the second review of the SBA program on March 18, 2011 highlighted that:

• Iraq has maintained macroeconomic stability under difficult external and internal circumstances. Inflation has remained in the low single digits and the exchange rate has remained stable. The 2010 budget deficit is estimated to have been limited to about 10 percent of GDP, significantly smaller than had been projected, partly reflecting delays in the execution of the investment budget. The 2011 budget aims to accelerate investment in public services and in oil infrastructure, as well as to accommodate higher social safety net and security outlays, while remaining consistent with medium-term fiscal sustainability. Based on a relatively conservative assumption for oil revenues, the 2011 budget deficit would be limited to about 14 percent of GDP, before falling in 2012. A strong emphasis on ensuring the quality of public spending remains important.
• Decisive efforts to rebuild key economic institutions and improve governance remain critical to strengthening public service delivery and private sector development. Progress in implementing structural reforms in late 2010 and early 2011 has been uneven. This largely reflected the still severe capacity and security constraints, which also hampered the effective delivery of technical assistance, as well as the political transition. The formation of the new government and the expected increase in oil production in the coming years offer an opportunity to step up reform efforts while maintaining macroeconomic stability.
• Iraq’s economic prospects continue to be subject to significant risks. Major risks derive from institutional and capacity constraints, volatility of oil prices, and a fragile political and security situation.

[NB2D]

FYI

[blugrass60]

Oh boy.. this is.. distressing. Wow. Randalln that puts a lot in perspective.. and unfortunately makes perfect sense. I suppose this couldgo either really well.. or very very badly. Do you think Iraq failing will be allowed to happen? Or something along those lines?

[thatoneguy]

I know all that can be offered is an opinion, but this would be a good topic for chat tomorrow.

[randalln]

I know all that can be offered is an opinion, but this would be a good topic for chat tomorrow.

Ya i dont do the chat .......but somebody needs to start looking at this because its distressing ...........forget about trying to vet rumors ......we need to be VET'ING the news ........

If what is happening is any thing like what i have just been told ....then i would not blame people for getting out and selling .......I on the other hand .....will be staying in till they pry this S#!T from my hand .......(or try to take my computer away again) .....hahaa ....just a inside joke

I know that its either all true .......are its all lies ......there is no gray on this stuff

Edited April 3, 2012 by randalln

[TheArtistFormallyKnownAs]

Thank you for the post

"You become what you think about most of the time"

*****************RICH*****************

***************** *****************

Edited April 3, 2012 by TheArtistFormallyKnownAs

[Laid Back]

I would hold till they tell you that the dinar is just no good anymore ....THE VERY END ....THEY MAY PUSH OUT AT $4 dollars

I will do the same.......Hold till the end of this ride

Go Rv