IRAQ SAID TO BE PLANNING A SECOND $1 BILLION BOND ISSUE

[Wiljor]

1 hour ago, skeetdog said:

....Thanks Wiljor, I had included the electoral policies you've mentioned in your rebuttal but deleted from my post as it seemed to rambal-on to my narrative...I'm glad you mentioned the electrical-grid as I consider this one of the most essential policies that will directly benefit the wellbeing of every Iraqi citizen...We take electrical capabilities for granted and do not appreciate the full ramifications associated with the magnitude this unique source of power contains in the ability to transform the quality of life...Happy New Year to you my Friend, I wish only the best for you and yours....   

 

[WISKY291]

42 minutes ago, Boozer said:

why not just make your currency worth something and not barrow...seems like it would be easer to do this than barrow with interest and payments. Lady's I am dumb 101.  I just don't understand barroe if your going to put a rate to your currency like next month? Thanks and hope your new year brings you Joy  $$$$$$$ sorry small phone BIG fingers

Maybe they are building there credit.

[Hikmah]

"This money will help the Iraqi government on food, water, shelter and medical care to the most vulnerable Iraqis to provide and allow them to benefit from government services such as education and health care that will enable them to build a promising future brighter. " 

 

From what I can tell, this is why they're borrowing the money, it's to help provide food and water to those caught in the fight with ISIS, Iraq is unable to take care of these people right now. I would agree with Texstorm, the US isn't going to just walk away from Iraq, that's why they're bailing them out with the additional billion dollar loan. I would think there were other ways to build credit for Iraq as well, things like borrowing to fix infrastructure; roads, electricity sewage etc. This is another handout to a country who generates less than $70 billion a year in revenue and they spend $100 billion. If Iraq wants to improve their sovereign credit rating the first place to start would be paying the Paris Club people and Kuwait, who they still owe money to. 

[yota691]

6 hours ago, yota691 said:

"This loan is a US guarantee of Iraq to issue global bonds

 

[siberian_shaddow]

Much appreciated Yota, this is a Global Power step forward.

[Hikmah]

Yota, have you seen this article in the mainstream press? I've looked on Reuters, Associated Press and the US Embassy's website in Baghdad and can't find the copy of the agreement that the Iraqi sites are talking about. Thanks!

[wshflthnkn]

If you had the power to take that billion and turn it into 1 Trillion, It wouldnt be a big deal really.

[SnowGlobe7]

Obama did this? I scanned the article and nowhere does it mention his name. I wonder if Trump and Abadi have come to this agreement...thoughts?

[Synopsis]

Just now, SnowGlobe7 said:

Obama did this? I scanned the article and nowhere does it mention his name. I wonder if Trump and Abadi have come to this agreement...thoughts?

Snow is a Cool Cat!

           

[mylilpony]

This is by USAID. The same department once referred to as the marshall plan.

[sandfly]

Soon 

[yota691]

US gives Iraq a loan of one billion dollars

  Thursday, 5 January 2017

 

• 
  
   

US gives Iraq a loan of one billion US dollars

 

K24 - Irbil

 The Government of Iraq on Thursday signed an agreement on the loan guarantee with the United States worth billion US dollars in a move that will allow the country to enter the international capital markets.

A statement issued by the US Embassy in Baghdad, said "loan confirms ensure lasting commitment by the United States for Iraq in its fight against al Daesh that were designed to ensure that the loan this to support Iraq financially in his quest to complete the liberation of Iraq from al Daesh and pursue economic reforms."

America is committed to its move in the second repay the amount borrowed and the interest of the issuance of sovereign financial support by the Government of Iraq, including a total of one billion dollars is expected to implement the payment in the coming weeks.

Chargé d'affaires of the Embassy of the United States Stephanie Williams said during the signing ceremony, "This money will help the Iraqi government on food, water, shelter and medical care to the most vulnerable Iraqis to provide and allow them to benefit from government services such as education and health care that enables them to build a promising a brighter future."

The area lends itself loan to the Government of Iraq to continue fighting organization Daesh so do not affect the current economic challenges the military operations launched by Iraqi forces against al Daesh.

 

[yota691]

Magda Tamimi: Iraq treasury empty because of corruption and lack of economic vision

History of edits:: 05/01/2017 23:24 • 270 visits readable

[Oan- Baghdad] 
described a member of the parliamentary finance committee, Majida al - Tamimi, Iraq 's treasury finance to "empty."

She said Tamimi on its front page on the social networking site [Facebook], that "the conclusion reached Iraq from bad financial situation and the treasury empty and balance mostly internal and external breaches is due to two main reasons, the first flaw in money management and a lack of a clear economic vision, and the other is the lack of real will in the eradication of corruption. " 
She pointed out that " the Iraqi government signed a loan guarantee with the United States - billion - dollar agreement, it does not mean anything and does not deserve all this drumming and release it like a supernatural accomplishment." 
Confirmed Tamimi " It was better for the government develop solutions to modify the wrong tracks that led to the collapse of the Iraqi economy and a waste of billions of dollars, especially since there are thousands of files that have been Tochireha by regulators and others without the genuine will to hold accountable corrupt it becomes to talk about any step tampering forward unless The arrest decline and to develop solutions for its causes. " 
The Iraqi government signed with the United States on Thursday an agreement on the loan guarantee worth billion. 
The US embassy in Baghdad said , "This signing is the first step in the process that would allow Iraq to a greater opportunity to enter the international capital markets."

[olivesman]

enter the international capital markets.

Say no more. Say no more. Wink wink. Nudge nudge.

[MyLadiesDaddy]

1 hour ago, yota691 said:

Magda Tamimi: Iraq treasury empty because of corruption and lack of economic vision

History of edits:: 05/01/2017 23:24 • 270 visits readable

[Oan- Baghdad] 
described a member of the parliamentary finance committee, Majida al - Tamimi, Iraq 's treasury finance to "empty."

She said Tamimi on its front page on the social networking site [Facebook], that "the conclusion reached Iraq from bad financial situation and the treasury empty and balance mostly internal and external breaches is due to two main reasons, the first flaw in money management and a lack of a clear economic vision, and the other is the lack of real will in the eradication of corruption. " 
She pointed out that " the Iraqi government signed a loan guarantee with the United States - billion - dollar agreement, it does not mean anything and does not deserve all this drumming and release it like a supernatural accomplishment." 
Confirmed Tamimi " It was better for the government develop solutions to modify the wrong tracks that led to the collapse of the Iraqi economy and a waste of billions of dollars, especially since there are thousands of files that have been Tochireha by regulators and others without the genuine will to hold accountable corrupt it becomes to talk about any step tampering forward unless The arrest decline and to develop solutions for its causes. " 
The Iraqi government signed with the United States on Thursday an agreement on the loan guarantee worth billion. 
The US embassy in Baghdad said , "This signing is the first step in the process that would allow Iraq to a greater opportunity to enter the international capital markets."

Lord I can't stand that devil-woman. Somebody needs to slap her but all the way back to Iran.

[nannab]

  Too funny LGD . She is scary looking.

4 minutes ago, ladyGrace'sDaddy said:

Lord I can't stand that devil-woman. Somebody needs to slap her but all the way back to Iran.

 

[moneysoon]

Perhaps the party-line KoolAid drinking will subside... If by now, one has not come to realize that some things that occur, namely this THING, is bigger than our perceived holders of power they have failed to realize what they have truly stumbled upon. Furthermore, I would also wager that they will fail in being able to recognize the next big opportunity that is hidden in plain sight probably right in front of their faces.

There is a stated PLAN. The PLAN is and will be followed by whoever the perceived leader is in Washington because the PLAN is bigger than the Leader.!!! I hope to see the party-line non-sense decrease in our discussion and we seek to really unfold what the PTB truly have tucked away in the SFA.. The PTB are Nation Building with a direct connection to every facet of Capital they can get their grubby hands on in this filthy rich Country. 

I pray that this Year of our Lord will also be OUR Year to "beat the Devil at His own Game!!!) I PLAN on it

Blessings All,

[Big_J]

46 minutes ago, moneysoon said:

"whoever the perceived leader is in Washington"

GM YOTA AND DV.

[DinarThug]

CNN. Broadcasting Bonds - James Bonds !

 

(by walkingstick)

Economic reform efforts within Iraq prepares for the issuance of sovereign bonds

 

BAGHDAD / Mustafa al - Hashemi
after the completion of the first step to ensure the sovereign loan, Iraq is to prepare for the issuance of sovereign bonds and sell them in the global financial markets , thethreshold to achieve returns reduce the budget deficit and ensure the continued funding of the operating budget

, according to year 's budget law in 2017 , which recently passed, this fiscal deficit covered from domestic borrowing (local bonds the Treasury) and external borrowing and remittances (through the issuance of sovereign bonds and international loans) and amounts retained cash in the Ministry of Finance account of the Federal in this regard , described as an economic researcher Firas Amer to ensure that theamount of the issuance of the Iraqi bonds by the United States of It would enhance thechances of achieving the desired returns from issuing international bonds Iraq.

Amer said in an interview for the "morning" that this step enhances the feasibility and supported in the global securities market, especially as the credit rating of the country is known to all nations wishing to buy Iraqi bonds being, this Convention has become more assured.

A statement by the US Embassy that " the loan guarantee confirms the enduring commitment of the United States of America to the people and Government of Iraq in their battle against the " Daesh, "pointing out that he" has been designed to ensure the loan to support Iraq financially in his quest Gahd to complete the liberation of Iraq from "Daesh" and continue the important economic reforms In order to restore growth and prosperity. "

and that" the signing , which took place today is the first step to put the finishing touches to ensure the sovereign loan, "adding that " the sovereign loan guarantee provides additional support to Iraq as a partner strategic to the United States of America , stable and self - reliant. "

He added that" the second step in the formal exchange of diplomatic memoranda between the United States of America and the government of Iraq, under which the US government to ensure the payment of the amount borrowed and the interest of the issuance of sovereign financial support by Iraq , including a total of billion dollars , "expected" to proceed with the second step of the process in the coming weeks the government . " .

she stressed the Chargé d'affaires of the Embassy of the United States of America , Stephanie Williams, during the signing ceremony, the solidarity of the people and the government of the United States with the people and government of Iraq , saying : " the funds will help the government on food, water, shelter and medical care to the most vulnerable Iraqis to provide and allow them to benefit from government services such as education and health care that will enable them to build a promising future brighter. "

She stressed that " the loan guarantee agreement in this day shows that Iraq continues to progress towards achieving its objectives in the economic reform for the benefit of the Iraqi people, under the strategic framework agreement.

According to the embassy statement , " The US Embassy is working closely with the Government of Iraq to ensure that the current economic challenges affect the ongoing campaign to defeat the "Daesh."

http://www.alsabaah.iq/Article.....?ID=129346

 

[ChuckFinley]

Thanks Thug, they are getting ready for the international stage.  

[tigergorzow]

DinarThug Thanks,  Ok Iraq time to go Global so get busy with this nice $1 Billion dollar loan from the U.S.A.    Pay it forward with the RV / RI of the IQD

Keeping the faith!!

GO RV!!

[Synopsis]

I am curios to know if these bonds are denominated in USD or IQD or SDR?  Does anyone know?  I suspect if these international bonds are denominated in IQD or possibly SDR, the IQD RV would have had to already occur before the bonds are issued.  Otherwise, if issued in IQD prior to the revaluation, the bonds would have astronomical value once the IQD revalues but Iraq would have a much harder time reacquiring these bonds or paying the interest on these bonds.

The article states, "He added that" the second step in the formal exchange of diplomatic memoranda between the United States of America and the government of Iraq, under which the US government to ensure the payment of the amount borrowed and the interest of the issuance of sovereign financial support by Iraq , including a total of billion dollars , "expected" to proceed with the second step of the process in the coming weeks the government . "

Hmmm..............I wonder what the formal exchange of diplomatic memoranda is all about?  The US government ensuring the payment of the amount borrowed and the interest of the issuance of sovereign financial support by Iraq?  Revaluation maybe in the coming weeks?  We'll see!!!

                    

Well, OK, I'm excited! 

[copper13]

Any Day Now!🍺

[10 YEARS LATER]

Interesting and thoughtful article, however, it's always a bit disconcerting when I read " in the coming weeks." It catapults one back into rodeos of the past  

[jeepguy]

58 minutes ago, Synopsis said:

Hmmm..............I wonder what the formal exchange of diplomatic memoranda is all about?  The US government ensuring the payment of the amount borrowed and the interest of the issuance of sovereign financial support by Iraq?  Revaluation maybe in the coming weeks?  We'll see!!!

I know what you are thinking about I was  thinking along the same lines , if the u.s. government is backing this bond deal and will  ensure the payment ...  are  we about too get it in the rear again ?  { as in we are about too give more cash in the effort too kick dash-in -the- ash ,  and still get no more in return from Iraq  }  or  like you were saying " the issuance of sovereign  financial " <--------- as in the dinar is about too go international and the budget will be passed and  the h-c-l will be  law , and we all know what will be in the mix when these are done , { dinar with a value, worth the wait on giving secured loans of bond money }  ....  lets not forget  I think it was last week  , we saw an article where  I think it was an economist , who mentioned the dinar is or needs too be supported as  a sovereign currency of Iraq ... { think it might have been the same article where the dinar was too have worth of 3.35 per dinar or in this range  }     goes to Iraq to be paid the proceeds of the sale of oil to the US dollar and that the equivalent of the dinar to $ 3.32.       --------->    called to be 2017 years to strengthen the dinar 's purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq  ....     {  now the article has meat  on the bone