Abadi: I will announce next week a new initiative to strengthen the Iraqi economy

[RodandStaff]

Sandfly Master Yota...time to "Git-R-Dun" Boyz!!!

[yota691]

Abadi: We will launch an initiative to stimulate the economy and restored several areas in Mosul (Expanded)
Saturday February 7, 2015 20:45

 

[baghdad-where]

Announced Prime Minister Haider al-Abadi, today, for the announcement near the new initiative to stimulate the economy and support the private sector.

Ebadi said in a speech at the Munich Security Conference, "The formation of the government came at a time when uncertainty surrounds the fate of Baghdad following the terrorist Daash threats," adding that "the government has the support of the international coalition to restore many areas in Mosul , "noting that" Daash terrorist Over significant setbacks in recent weeks, we have made ​​great progress in Anbar, and we train about 4000 fighters. "

And Abadi said "we are reforming government and reconcile the many segments of society and we are working on the restoration of relations with Sunni tribes in areas under the control Daash."

"The establishment of the National Guard is an important step to unite the community and enhance security," pointing to "enable the Iraqi Council of Ministers of Tadidl Accountability Act and in reinforcing tolerance and inclusiveness."

The minister went on remains exclusively in his speech: "We need to support and assist our international partners in the fight against terrorist Daash, ask the help of our friends in the purchase of advanced weapons to eliminate Daash terrorist."

Abadi said, "We are going to announce a new initiative to stimulate the Iraqi economy and support the private sector, and we are working to strengthen the economy and reduce dependence on oil."

The prime minister called on neighboring countries to promote regional dialogue with Iraq, noting that he "discussed with Gulf leaders ways to counter the threat of extremism in the region," and urged the international community that the "turn for peace in the world."

He noted that "after nearly ten years will see Baghdad full lifting of the curfew, and we always strive to ensure the restoration of a sense of security in the streets of Iraq," .anthy

[waterman13]

Go IRAQ!

GO ABADI!

Wm13

[Big_J]

[MyLadiesDaddy]

Just got layed off from work because of the low oil prices. First time in 40+ years of working that I am without a job and applying for unemployment. Coincidence that the RV is near.....Nope. There is a reason for everything that happens in your life and I learned to roll with the punches as it happens. God will Bless Everybody when the RV pops.

Wow, that sucks. But at least you have the right attitude towards it. God is definitely

control.

No matter how much OBUMMMMMMMER'S thinks he is.

[vomer]

This might be the month.  Like we've been saying for ten years.

[WheresmyRV?]

I am really hoping and praying that for what Abadi just said that it has something to do with the rate. 

[Butifldrm]

Thanks Tbomb

Edited February 8, 2015 by Butifldrm

[Doctor Smith]

All he's talking about is putting money aside from the budget, to repair damage done by Daash.

 

Has nothing to do with the rate of the currency. 

[TexasGranny]

All he's talking about is putting money aside from the budget, to repair damage done by Daash.

 

Has nothing to do with the rate of the currency. 

 

You might want to go to 29 minutes and listen closely to what he says - putting 5billion dinar, about 440million USD aside - do the math. It is 1 dinar= .088

 

[yota691]

Prime minister: orientation of the institutional reform and the transition to the private sector

- FEBRUARY 8, 2015

Experts urge to adopt a rational expenditure policy and systems development

 

Prime minister: orientation of the institutional reform and the transition to the private sector

 

 

BAGHDAD Prince Majed Jawad

 

He Mahdi Keywords Director, Office of the Prime Minister that there is a tendency government's (adopt a broad approach to institutional reform and encouraging a shift to the private sector and to participate with him in the rehabilitation of the state-owned and operated industries Post system, while MP Mehdi al-Hafez called on the government to (adopt a spending policy rational to cross the financial crisis ) stressing the need for the development of financial systems for rapid development and achievements of the best as is the developed countries in this field).

 

And reviewed the relationship during a seminar held by the progress of policy development institute (the premises of the new government program in light of the political commitment and challenges phase through which Iraq, which is concentrated in the activation of decentralization of economic and administrative levels administration including required to reconsider the roles and tasks and powers granted to the provinces on the one hand and in favor of the private sector Meanwhile, according to the principles of the Constitution and laws).

 

Adding that the (program Arkzaaly maximize the financial resources and the optimal use, including oil, financial and tax policies calendar and the shift towards the principle of participation of the private sector through the purchase of service in the field of electricity, health and municipal services in addition to the adoption of the consulting offices and homes of local and international experience down to solid companies for the implementation of projects). He added that (there is a tendency to adopt a broad approach to institutional reform and encouraging a shift to the private sector and to participate with him in the rehabilitation of the state-owned and operated industries Post system).

 

For his part, Al-Hafiz, who Adaralandoh said (the recent developments that led to a fundamental change in the pattern of governance and relations between local, regional and international political forces that spawned this government program).

 

He noted Dr. Raed Fahmi during his intervention that (lots of great reforms collide resistance) calling (achieving a media crowd and the public to accept the creation of a reform).

 

Government program

 

He praised the president of the Federation of Iraqi businessmen Radi Blibl new government program returned him (integrated, especially in the role of the private sector).

 

He believed the economic expert on behalf of Jamil Antoine that (the government program needs to highly qualified to be performed on the ground and must be configured through the development of human capacity available and qualify to be a level of the reform program). He stressed Hafiz during an interview for the (time) on the sidelines of the seminar on (the need for the government to adopt a rational spending policy to cross the financial crisis, and certainly, the Council of Ministers is determined to adopt such a policy), and in response to a question of (time) about the possibility of the provinces appropriate powers to manage some of the files are delivered Ministries, said the relationship (some ministries such as health and municipal services in the process of doing so), adding that the (mechanisms established by the government to evaluate the government's performance in its entirety based on regulators and central follow-up of the Council of Ministers). He said economic expert on behalf of Jamil Antoine (time) on the vision of the possibility of private sector companies and their ability to twinning or participate in the rehabilitation and implementation of projects and state-owned factories, said that he has a (full perceptions about the possibility of private sector companies in this area).

 

In another seminar of the Institute devoted to the discussion of oil relationship between the center and the Kurdistan region, browse oil expert Fouad Qassem Prince constitutional articles that talked about the management and ownership of the oil wealth in Iraq, noting that the (Constitution, this issue is not treated in a clear and explicit, which made it possible to interpret the material in accordance with the deems each Party to discuss the exclusive powers of the federal government in this regard later and are currently the word chapter of the region or province), adding that the (Article 110 of the Constitution provides that the fee the economic policies of sovereign and trade from the jurisdiction of the federal government and if we take into account that the upper portion of Commerce Foreign represented in oil marketing, this activity is a sovereign privilege and powers of the federal government) He explained the prince that (oil participation contracts that have occurred in the sixties of the last century were given a share of the oil fields to foreign companies and after the great evolution of the Petroleum Exporting Countries and the potential enjoyed by in the field of production and marketing of oil and it became clear the futility of participation contracts as being in the Kurdistan region, which occurred 42 partnership contract without reference to the center), adding that (the region to export oil to the countries of the world without that revenue back to the federal treasury at a time get the province to complete its share of the state budget is a lot of constitutional disputes, should be studied), and continued the prince that (there is a big difference between Maysogah province, according to the report of operating in the region companies, and the figures that are sent to the Federal Ministry of Oil, and it refused Organization Transparency provincial report in this regard). In the third seminar of the Institute, MP Mehdi al-Hafez Iraqi member of parliament that the (countries with developed financial systems grow great speeds and check the achievements of the best), stressing that (commitment to allocate financial resources is one of the foundations to increase productivity and enhance economic development and promote equal opportunities and reduce poverty).

 

He said Hafiz that (financial experience in Iraq need to constructive review by reforming the role of government banks according to the latest modern techniques with the necessity of adopting the proposed permanent law Securities), indicating that the (World Bank supports the process of banking reform in Iraq since 2009). The general manager of the Department of Statistics at the Central Bank Walid Idi in his study that (of the main problems experienced by the banking system, low banking density which currently stands at 32 000 inhabitants of the bank one compared to the global amount of 10 000 people, in addition to the absence of banking strategies annual detailed plans with The majority of banks).

 

Stagger banker

 

He noted economist Majid picture to (the phenomenon that will bedevil the banking business is dual reference to private banks Banks follow the central bank in tracking government banks and the Ministry of Finance as a state of contradiction and the intersection in the provision of banking services happen), explaining that (there is another point of her influence on The banking sector as a Registrar of Companies can not the General Authority for any bank to hold a meeting without the consent of the Registrar of Companies).

 

He pointed to the picture (low banking efficiency in terms of the provision of services), calling to (follow the movement of capital, where the central bank sold $ 12 billion in cash, without knowing that the movement and trends in the money).

 

The President of the Federation of Iraqi businessmen willing satisfaction Blibl about (the suffering of the private sector from the central bank's policy since 2007, where inflation treated manner endorsing a failed interest rate of up to 23 percent, which tasked the private sector).

 

In the intervention, economic expert Hashim Thanon stressed (should be linked to the development of the banking sector to develop the Iraqi economy through industrial production of agricultural real basket).

[millionaire in training]

You might want to go to 29 minutes and listen closely to what he says - putting 5billion dinar, about 440million USD aside - do the math. It is 1 dinar= .088

 

That makes a big difference..............

[dog53]

Granny if its .88 cents . I am so off this ride.

cash out everything and live.

I have never been a greedy man and at .88

all my needs will have been met.

But on the flip side.

A bomb went off in Bagdad killing over 20 and wounding many more.

so

I don't think im gonna hold my breath   

[wshflthnkn]

1million= $88,000

$5,000 = $440

[kwg]

Hey dog TG said .08 not .88

[dog53]

Kwg

 

 

 

 

That sucks  

Edited February 8, 2015 by dog53

[wshflthnkn]

I would love to hear Adam Montanas take on this. I wonder how long to increase value from appox 10cents

[DinarThug]

Hey dog TG said .08 not .88

Kwg

That sucks

.08 Means That Ur 25k Dinar Note Currently Worth A Little Over $20 Would Be Worth About $2,000 !

And That Don't Suck !

[shydude]

.088 is good, but no early retire....... but .88 would be early retire

[thesjeske]

Thanks OSS for sending .. Abadi quotes 5 billion dinars which is 450 million dollars .. Either Abadi was mistaken or he just told everyone .09 cents for the Iraqi Dinar ..00:45 ish minute mark

[Freedomwish]

RV pops around the .10 cent range, most likely within the two year collection should the rate start to rise based on the world market confidence.......just thinking...

Edited February 8, 2015 by Freedomwish

[chinadawg]

1million= $88,000

$5,000 = $440

@ 88 cent ....1 mill would = 880.000.00

[shydude]

After watching the speech.....I think we got a peak of the cat in the bag that almost got out. Notice how he stumbles on the 440 million while reading the teleprompter. I bet it had the .88 that would have put it at 4,400,000,000 and he suddenly realized he could not say that yet, so he dropped a zero and said 440,000,000. The US spends 5 billon a month on our military in Afghanistan and Iraq. 440,000,000 for the year would not do much.

[chinadawg]

@ 88 cent ....1 mill would = 880.000.00

 so about 9 cents would = 440 mill

[BradyBear]

I have been in this game for roughly 6 years and if there is one(1) thing I have learned for certain:

The Iraqis say much but act little and then takes months.

 

I sure Hope and Pray that this time will be different because of Internal Affairs over there!