The International Monetary Fund provides recommendations for Iraq on the restructuring of state-owned companies

[yota691]

The International Monetary Fund provides recommendations for Iraq on the restructuring of state-owned companies
Sunday, March 15 / March 2015 15:31



[baghdad-where]
Representatives of the International Monetary Fund, during a meeting of the periodic consultations with the Iraqi side in Amman, recommendations on the restructuring of state-owned enterprises, the reform of the energy sector.
According to a statement of the Ministry, on Sunday, in a statement received by all of Iraq [where], a copy of the "Zebari participated in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year between the two sides of the circulation and exchange of views on the state of the Iraqi economy and fiscal policies in the country. "
He added that he "participated in the consultations this session Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank and the Office of Financial Supervision and representatives of other ministries."
The statement said that "representatives of the International Monetary Fund have expressed their satisfaction with the approval of the budget in 2015, and its compatibility with the reality in Iraq, and stressed the importance of reducing and rationalizing unnecessary expenses and prepare to correct the fiscal situation in the future."
He continued, "As representatives of the Fund said work on the reduction of funding from the banking system and the Central Bank of Iraq, and work to increase the Internal Revenue property taxes and general sales tax, and corporate income tax and improve the performance of the tax and customs."
The statement noted that "the representatives made a number of recommendations to the Iraqi side to reform the subsidy system, and repair service for the modern system and repair of power sector reform and restructuring of state-owned enterprises as well as the reform of the social protection system."
However, that "the meeting concluded with a number of conclusions, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of the crisis and to prepare a plan of public finance and maintain the independence of the Central Bank."
He said, "Despite the importance of these recommendations remain advisory and non-binding but are useful to reform the conditions of our economy," explaining that "these consultations, the annual spring meetings of Ministers of the countries of the world leading up to with the International Monetary Fund and the World Bank to be held in late April 2015," .anthy

[Big_J]

   

[Wiljor]

IMF on the sidelines, giving guidance and advise, I like it!!!!! The world has a vested interest in the re birth of Iraq and we can see this daily.

Morning Yota, don't know how you do it, but I say with appreciation keep it coming brother, much appreciated.

[Tirebiter]

Hey look! A bank story! Thanks Yota!

[SgtFuryUSCZ]

Hey look! A bank story! Thanks Yota!

***///

 

  ... ... Good one BITER...!  

[boosterbglee]

Thanks Yota, I love bank stories!    There was this time at "Bank Camp".............................

[lupine49]

"As representatives of the Fund said work on the reduction of funding from the banking system and the Central Bank of Iraq, and work to increase the Internal Revenue property taxes and general sales tax, and corporate income tax and improve the performance of the tax and customs."

Read more: http://dinarvets.com/forums/index.php?/topic/199058-the-international-monetary-fund-provides-recommendations-for-iraq-on-the-restructuring-of-state-owned-companies/#ixzz3UTFyF21O

 

This sounds too much to me like an oppressive tax scheme like we have here.  I sure hope I am wrong.

[yota691]

Oil Minister participate in meetings of the International Monetary Fund

 

Editor Ali Jasim - Sunday 15 March 2015 18:38

 

 

 

Alsumaria News / Baghdad 
participated Oil Minister Adel Abdul-Mahdi , Sunday, at the annual periodic meetings between Iraq and the International Monetary Fund in the Jordanian capital Amman, which aims to review the financial and monetary Iraq policy as required by the chock agreement between the parties. The Oil Ministry said in a statement receivedAlsumaria News copy of it, "Oil Minister Adel Abdul Mahdi, participated in the annual periodic meetings between Iraq and the International Monetary Fund and the related audited the financial and monetary policy for Iraq as provided for in the Convention chock between them."
 

He explained Abdul-Mahdi, according to the statement, that "the meetings dealt with what has been implemented from the general budget of the country and international standards that have been under preparation of the budget 2015 and the mechanisms used to control the budget deficit, especially after the drop in oil prices in the international markets." It is said that the Iraqi delegation, who attended the meetings, which included senior officials of the Finance and Planning, oil and visited the Central Bank of Iraq and the BSA. It is noteworthy that the IMF is a specialized agency of the system "Bretton Woods" of the United Nations, established by international treaty in 1945 to work on enhancing the safety of the global economy and is located Fund headquarters in Washington, DC, and is managed by its members who include their number of almost 186 countries all countries of the world.

Read more: http://dinarvets.com/forums/index.php?/topic/199063-oil-minister-participate-in-meetings-of-the-international-monetary-fund/#ixzz3UTPr7VcI

 

IMF calls for Iraq to work on increasing the Internal Revenue

Date: 03/15/2015 17:39

 

Information / Baghdad / .. 
called on the International Monetary Fund, Sunday, the Iraqi government to work to increase the Internal Revenue Service, stressing the importance of reducing and rationalizing unnecessary expenses and prepare for the fiscal adjustment in the future. 
The Finance Ministry said in a statement received by the agency / information / copy of it, "The Finance Minister Hoshyar Zebari took part in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year to deliberate and exchange views on the state of the Iraqi economy and fiscal policies in the country. 
Representatives of the International Monetary Fund, according to the statement, "satisfaction with the adoption of the budget in 2015, and the realism of reality Iraq, stressing at the same time the importance of reducing and rationalizing Alladharoria expenses and prepare for the fiscal adjustment in the future. " 
He called on representatives of the Fund to "work to reduce the funding of the banking system and the Central Bank of Iraq and work to increase the internal revenue taxes property and general sales tax and income tax companies and improving tax performance and customs, providing a number of recommendations to the Iraqi side to reform the subsidy system, and repair service system and modern energy sector reform and the reform and restructuring of state-owned enterprises, as well as the reform of the social protection system. " 
It pointed out that "the meeting concluded a number of conclusions which, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of crisis and prepare a plan of public finance and maintain the independence of the Central Bank ", noting that" these recommendations, despite their importance, they remain an advisory and non-binding but are useful to repair our economy situation. " 
precedes these consultations the annual spring meetings of Ministers of the states world with the International Monetary Fund and the World Bank, to be held late April 2015.anthy / 25 h  
 

[MyLadiesDaddy]

"As representatives of the Fund said work on the reduction of funding from the banking system and the Central Bank of Iraq, and work to increase the Internal Revenue property taxes and general sales tax, and corporate income tax and improve the performance of the tax and customs."

Read more: http://dinarvets.com/forums/index.php?/topic/199058-the-international-monetary-fund-provides-recommendations-for-iraq-on-the-restructuring-of-state-owned-companies/#ixzz3UTFyF21O

 

This sounds too much to me like an oppressive tax scheme like we have here.  I sure hope I am wrong.

You're not.

Governments thrive on stealing moneys from hard working people.

I mean seriously trillions of dollars in oil, a HIGHLY undervalued currency, ISIS

terrorizing half their country and what's the CBI concerned about?

RAISING TAXES.

Go figure.

[sandfly]

THANKS

[yota691]

Sun, 15 Mar 2015 17:39:03

The International Monetary Fund provides recommendations for Iraq on the restructuring of state-owned companies

 

 

Agency Sama Baghdad news - Baghdad, representatives of the International Monetary Fund, through regular consultations with the Iraqi side meeting in Amman, recommendations on the restructuring of state-owned enterprises, the reform of the energy sector. According to a statement of the Ministry, on Sunday, in a statement received "agency Sama Baghdad news" copy of "Zebari participated in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year between the two sides traded and exchanged views on the state of the Iraqi economy and fiscal policies in the country." He added that he "participated in the consultations this session Oil Minister Adel Abdul-Mahdi and the Governor Central Bank and the Office of Financial Supervision and representatives of other ministries. " The statement said that "representatives of the International Monetary Fund have expressed their satisfaction with the approval of the budget in 2015, and its compatibility with the reality in Iraq, and stressed the importance of reducing and rationalizing unnecessary expenses and prepare to correct the fiscal situation in the future." He continued, "As Representatives of the fund said work on the reduction of funding from the banking system and the Central Bank of Iraq, and work to increase the internal revenue taxes property and general sales tax, and corporate income tax and improve the performance of the tax and customs. " The statement noted that "the representatives made ​​a number of recommendations to the Iraqi side reform of the subsidy system, and repair service system modern and repair of power sector reform and restructuring of state-owned enterprises as well as the reform of the social protection system. " However, "The meeting concluded with a number of conclusions which, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of the crisis and to prepare a plan of public finances and to maintain the independence of the central bank. " He said that "these recommendations, despite their importance remains an advisory and non-binding but are useful to reform the conditions of our economy," explaining that "these consultations, the annual spring meetings of Ministers of the countries of the world leading up to with the International Monetary Fund and the World Bank to be held in late April 2015"

[yota691]

The International Monetary Fund provides recommendations for Iraq on the restructuring of state-owned companies

16/03/2015 09:32 | Number of Views: 56

 

Direction Press 

 

Representatives of the International Monetary Fund, during a meeting of the periodic consultations with the Iraqi side in Amman, recommendations on the restructuring of state-owned enterprises, the reform of the energy sector.

 

According to a statement of the Ministry, on Sunday, in a statement obtained by "direction Press", a copy of "Zebari participated in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year between the two sides of the circulation and exchange of views on the state of the Iraqi economy and fiscal policies in the country." .

 

He added that he "participated in the consultations this session Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank and the Office of Financial Supervision and representatives of other ministries."

 

The statement said that "representatives of the International Monetary Fund have expressed their satisfaction with the approval of the budget in 2015, and its compatibility with the reality in Iraq, and stressed the importance of reducing and rationalizing unnecessary expenses and prepare to correct the fiscal situation in the future."

 

He continued, "As representatives of the Fund said work on the reduction of funding from the banking system and the Central Bank of Iraq, and work to increase the Internal Revenue property taxes and general sales tax, and corporate income tax and improve the performance of the tax and customs."

 

The statement noted that "the representatives made a number of recommendations to the Iraqi side to reform the subsidy system, and repair service for the modern system and repair of power sector reform and restructuring of state-owned enterprises as well as the reform of the social protection system. Md" 

[gregp]

Hopefully their IRS will be less corrupt than the IRS in the US.

[yota691]

Zebari attend meetings of the International Monetary Fund

Under section: economic Dated: March 16, 2015

 BAGHDAD / News Network Iraq participated Finance Minister Hoshyar Zebari, in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year to deliberate and exchange views on the state of the Iraqi economy and fiscal policies in the country .uchark in consultations this session, Adel Abdul Mahdi, the oil minister and the governor Central Bank and the Office of Financial Supervision and representatives of other ministries .oabdy representative of the International Monetary Fund satisfaction in approving the budget of 2015, and the realism of the Iraqi reality, stressing at the same time the importance of reducing and rationalizing expenditure Alladharorah and prepare for fiscal adjustment in the future. Also invited to work on the reduction of funding the banking system and the Central Bank of Iraq and work to increase the internal revenue taxes property tax and the general public to sales and corporate income tax and improve the performance of the tax and customs .oukdmoa a number of recommendations to the Iraqi side repaired support system, and repair service system modern and repair of power sector reform and restructuring of state-owned enterprises, as well as reform of social protection system .okhls meeting to a number of conclusions which, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of the crisis and to prepare a plan to finance public and to maintain the independence of the Central Bank. These recommendations, despite its importance, it remains an advisory and non-binding but are useful for the reform of the conditions of our economy .otsbak These consultations spring annual meetings of Ministers of the countries of the world with the International Monetary Fund and the World Bank to be held in late April 2015.

[Saintsfan]

Thank you.

[SgtFuryUSCZ]

***///

 

So does this mean the CBI / GOI have to go back to the table to consider these "advisories" and "recommendations"...?

 

If that's the case - and the past is any indication - we could be here a while... sigh....

[tommyboy]

You're not.

Governments thrive on stealing moneys from hard working people.

I mean seriously trillions of dollars in oil, a HIGHLY undervalued currency, ISIS

terrorizing half their country and what's the CBI concerned about?

RAISING TAXES.

Go figure.

 

If you read the "Bretton Woods" agreement, you'll see that by collecting taxes in all forms is how governments get the funds to provide for the people, regulate trade, and bolster their defense. It seems as though the population, by residing in a country and paying the taxes have agreed to that premise. I guess we're all "slaves" in that respect, but I prefer being one in the USA. JMO.

[wbuse984]

TB, I agree...no escape for either death or taxes...anywhere...ever...

[jobug38]

Think about it to trick the people into believing that the taxes generated by the internal revenue will help the country get rid of the bad guys and help make the country stronger would be classic now wouldn't it? Kinda like what our government did in the 1940's.!!!!!!!!!

[tommyboy]

Think about it to trick the people into believing that the taxes generated by the internal revenue will help the country get rid of the bad guys and help make the country stronger would be classic now wouldn't it? Kinda like what our government did in the 1940's.!!!!!!!!!

 

Actually the IRS is the "collection agency" for the FEDeral Reserve, but it's not federal and there is no reserve, just a product of "The Monster from Jekyll Island". Another good read.

[RV4CandyMan]

Thanks Yoda!    Go IMF!     Go Iraq!     Go Tax.....  ?!?!     Go RV!

[yota691]

IMF recommends activating the government taxes and expect Iraqis grew by 2% during 2015
Monday, March 16 / March 2015 15:41

 

 

[baghdad-where]

 

Iraqi Ministry of Finance announced today the end of the periodic consultations with the International Monetary Fund [iMF] Yesterday, in the Jordanian capital Amman, a periodic consultations to IMF experts with the Iraqi government representatives ended with agreement on a number of recommendations on improving the performance and growth of the Iraqi economy.

 

According to a ministry statement received by all of Iraq [where] a copy of it to those who participated in these consultations, which lasted several days, Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank of Iraq on the Keywords and representatives from the ministries of trade, electricity, education and the BSA. "

 

And that "During the 14-15 of March ongoing talks to discuss the challenges faced by the economy and the law and the 2015 budget and fiscal policy and reduce costs and avoid any unnecessary expenses and to address the effects of financing from the banking system and the central bank."

 

And recommended that the final statement of the Fund, "the need for the Iraqi government to take measures to increase state revenues from taxes and improve tax collection and customs and tax administration."

 

As recommended by the International Monetary Fund, according to the statement "a number of reforms in the field of expenses in cash flow management and control for better implementation reports, financial situation and better management of debt and close coordination between the Ministry of Finance and the Central Bank and government banks."

 

A statement by the Ministry of Finance that "the IMF experts expect to achieve gross domestic product a positive growth rate of 1.2% in 2015," noting that he "participated in these consultations, officials and experts of the Ministry of Finance of the budget and accounting Iraqi Fund for External Development departments and economic experts circles specialists from Oil Ministry and the Central Bank and the BSA. "

 

And that "these consultations precede the annual international ministerial meetings [Meetings spring] Member States of the International Monetary Fund and the World Bank in Washington in mid-April 2015" .anthy

Read more: http://dinarvets.com/forums/index.php?/topic/199136-imf-recommends-activating-the-government-taxes-and-expect-iraqis-grew-by-2-during-2015/#ixzz3UZJcZuII

[justchecking123]

If you read the "Bretton Woods" agreement, you'll see that by collecting taxes in all forms is how governments get the funds to provide for the people, regulate trade, and bolster their defense. It seems as though the population, by residing in a country and paying the taxes have agreed to that premise. I guess we're all "slaves" in that respect, but I prefer being one in the USA. JMO.

It's called infrastructure and the real world. Everyone pays taxes. Nothing's free...this goes back to TEA.

[yota691]

Vice: The government may borrow from the International Monetary Fund and the World Bank to face a sharp drop in oil prices

 

17/03/2015 09:59 | Number of Views: 77
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BAGHDAD / Source News / .. A member of the Commission on oil and energy parliamentary Kawa Muhammad, on Tuesday, that the Iraqi government might have to get a loan from the International Monetary Fund and the World Bank to face a sharp drop in oil prices and the global markets.
 
Mohammed explained in a press statement I followed Agency / Source News /, that "Iraq depends mainly on oil imports, as well as the case for some countries which are modeled on Iraq, which will not be in the economic situation is good in light of the sharp decline in oil prices."
 
He said Mohammed, said "the Iraqi government to take timely action and other measures long-term, if there is a strategic vision to find other imports can be adopted as the main source alongside oil a government program, with a focus on the industrial, agricultural and organizing customs and benefits sectors," he said. " The government may have to borrow from the International Monetary Fund an amount of four billion and a half billion dollars and two billion dollars from the World Bank "./ ended Q

[Big_J]