IMF Staff Concludes Staff Visit with Iraq

[Officiallytook]

The trump thing it's one state..courts mainly Dems who would of thought 🤔 it smh right....and people are drawing up laws to stop funds to states that make rulings like this....

 

But as far as the news.... Let's go Iraq, just do it.

[Hotcurl]

2 hours ago, boosterbglee said:

This is not going to end well!

 

For the Democrat Party !!!!  ...................

IMHO .... A totally desperate move by the Democrat party to remove or not allow the Republican Presidential candidate to be on the Primary Ballot in Colorado thus the general election in November 2024.

Totally illegal !! ..............

No write in ballots to be counted !! .... totally illegal !!..............

Political Interference can only describe this  !! ................. 

The Democrats know that they can't beat Trump, so they try to remove him from the ballot !! .............. 

 

Just sayin' ...............

 

Semper Fi 

[Longtimelurker]

3 hours ago, 6ly410 said:

when I say this is about go down - I am not saying that cause I want attention I don’t care about that!!!!!

I've never considered you a pumper so I'm enjoying your excitement 👍. It sure appears to be very soon.

 

 

[Longtimelurker]

3 hours ago, BETTYBOOP said:

To my USA friends. Sky news is reporting that the colorado supreme Court  has ruled Donald Trump is not eligible to run in the next election

That Supreme Court just exposed their position in the war between good and evil and they did it for everyone to see. Enjoy the show!

[screwball]

4 hours ago, 6ly410 said:

I still say this is about to go down - why would they wait so long to spend from budget? Explain pls 

yep this is the biggest red flag! and launch social security and retirement and salary scales adjustment? and why  put the mega projects on hold since 2013???

[screwball]

3 hours ago, BETTYBOOP said:

@6ly410  I can't correct you because you make very good arguments in regards to why it should happen now

very good arguments to support rv! all makes sense

[screwball]

5 minutes ago, Longtimelurker said:

That Supreme Court just exposed their position in the war between good and evil and they did it for everyone to see. Enjoy the show!

 watch Thomas.....pandoras box? Pandoras papers? did you see TRUMPS latest Threat?

[screwball]

4 hours ago, 6ly410 said:

someone correct me pls if I am wrong but I am Not making this stuff up!!!!

totally agree and I am also very very excited! we dont have long to wait! even if its first quarter which i don't think it is its only 3 1/2 months away...and if not then well we reset and wait some more!

[screwball]

none of us are pumpers spewing bs....we are all in it for similar reasons....nothing gained by making shite up or spinning BS

[screwball]

4 hours ago, 6ly410 said:

I can’t find the article it’s somewhere .. to lazy to look for it but it saying the spending is starting on the 20th?

the article talks about spending remaining 70% from 20th til end of december.....then in my opinion new rate for 2024 financial year!   lets NOT forget there was also an article back in 2013 that talked to or mentioned the supplementary budget whichat the time included social security welfare and reconstruction was based on a new rate!  

[tn vol]

3 hours ago, BETTYBOOP said:

To my USA friends. Sky news is reporting that the colorado supreme Court  has ruled Donald Trump is not eligible to run in the next election

That means his lead will increase!

[screwball]

4 hours ago, 6ly410 said:

I am saying this because we have all the news that’s Points to RV NOW 

its the small wheels that make the big wheels move.....we must look at articles as a series of small wheels!

[screwball]

4 hours ago, 6ly410 said:

u need ur own INTERNATIONAL currency for that… just this month they talked about how great the dinar is remember the advertisement?

AL Sudani also posted on his twitter account that Iraq wlll make a move that will shock the world??? we are twelve months out according to his post but they did delay connecting to correspendent banks and dumping USD  in commercial transactions by 12 months! which puts us now or Jan 1 2024.....even first quarter

[Longtimelurker]

47 minutes ago, screwball said:

 watch Thomas.....pandoras box? Pandoras papers? did you see TRUMPS latest Threat?

I'm expecting good things out of Thomas 😃

 

I don't think I've seen any new trump threats, what'd I miss?

[screwball]

3 hours ago, Longtimelurker said:

I'm expecting good things out of Thomas 😃

 

I don't think I've seen any new trump threats, what'd I miss?

He warned them all mentioning pandora's box it will be on truth social!

[Shedagal]

Donald Trump on Truth Social:

 

So, now we have reached a point when a President of the United States has WEAPONIZED the Department of Justice as though we were a Third World Country. They don’t want to run against me, and never have. I am leading in the Polls, by a lot, and based on the results of the failed Biden Administration, this will continue. But “Justice” Weaponization is a very dirty game to play, and it can have repercussions far greater than anything that Biden or his Thugs could understand. They ought to withdraw all of their Fake, Political Indictments against their Republican Opponent, me, immediately. This is a Pandora’s Box, that works two ways, and it should be closed and tightly sealed RIGHT NOW. Withdraw your Political Indictments and Lawsuits, Joe, before it is too late!

 

 

 

 

[pokerplayer]

49 minutes ago, Shedagal said:

Donald Trump on Truth Social:

 

So, now we have reached a point when a President of the United States has WEAPONIZED the Department of Justice as though we were a Third World Country. They don’t want to run against me, and never have. I am leading in the Polls, by a lot, and based on the results of the failed Biden Administration, this will continue. But “Justice” Weaponization is a very dirty game to play, and it can have repercussions far greater than anything that Biden or his Thugs could understand. They ought to withdraw all of their Fake, Political Indictments against their Republican Opponent, me, immediately. This is a Pandora’s Box, that works two ways, and it should be closed and tightly sealed RIGHT NOW. Withdraw your Political Indictments and Lawsuits, Joe, before it is too late!

 

 

 

 

 

 

 

 

It's a veiled threat but is very telling what they can expect once he is again President. 

 

Watch out Dems., there's a new Sherriff coming to town and he's got lots of ammo. In that belt he's wearing. 

 

   pp

[8th ID]

48 minutes ago, pokerplayer said:

 

It's a veiled threat but is very telling what they can expect once he is again President. 

 

Watch out Dems., there's a new Sherriff coming to town and he's got lots of ammo. In that belt he's wearing. 

 

   pp

And I hope he goes with a scorched earth policy against them. It is long past time we run these communist, that is what they are, out of town or throw them in jail. Personally, I would like to see them swing from a nice big oak tree or from the lamppost lining the roads in Washington DC. They have tried to destroy this nation and it’s time to stop these evil vermin.

[6ly410]

Tight monetary policy, raising the exchange rate of the Iraqi dinar against the dollar, and returning foreign trade financing to normal.

[6ly410]

IMF expects Iraq's non-oil GDP growth

Wednesday, December 20, 2023 00:38 |EconomyViews: 714

IMF expects Iraq's non-oil GDP growth (ninanews-com.translate.goog)

Baghdad /Nina/ The International Monetary Fund expected the growth of Iraq's non-oil gross domestic product by 5%, while stressing the adoption of the method of budgeting over a period of three years, constituted a shift in the practice of budgeting in Iraq, in order to improve the level of financial planning, the International Monetary Fund said in a statement, that a team of its experts led by Jean-Polan, met with representatives of the Iraqi authorities in Amman, Jordan, during the period 12-17 December,With the aim of discussing The latest developments, developments and expectations, in addition to discussing policy plans in the coming period." "

Non-oil GDP is expected to grow by 5 percent in 2023 in light of the significant expansion of public finances within The framework of the three-year budget law is in force," Bolan said, noting that "continued budget implementation should help sustain strong non-oil growth in 2024. However, the decline in oil production after the closure of the oil pipeline between Iraq and Turkey, and the reduction of production at the request of the OPEC+ group, will together reduce overall GDP growth in 2023 and 2024.
He added that "the inflation rate has declined from its peak of 7 percent in January this year, and inflation is expected to stabilize in the coming months, thanks to a tighter monetary policy by the Central Bank of Iraq, the impact of the appreciation of the Iraqi dinar exchange rate, the decline in global food prices, and the return of trade financing operations to normal with improved compliance with the anti-money laundering and combating the financing of terrorism framework."
He continued: "The adoption of the budget method over a period of three years in June 2023 constituted a shift in the practice of budgeting in Iraq, in order to improve the level of financial planning, and the continuity of the implementation of important development projects in the medium term," stressing that "despite the delay in starting the implementation of the budget this year, the public finance balance is expected to turn from a large surplus achieved in 2022 to a budget deficit for the year 2023."

Experts expect the government's fiscal deficit to expand further in 2024, reflecting the full annual impact of budget measures. "The significant expansion of public finances, including a substantial increase in public sector enrollments and retirements, creates permanent public spending requirements that will put pressure on public funds over the medium term."
"Ensuring fiscal conditions are sustainable, in the context of the uncertain outlook for oil prices, requires gradually tightening the fiscal policy stance while ensuring that critical infrastructure and social spending needs are protected. This would also require mobilizing more non-oil revenues, containing the wage bill for government employees, and reforming the government pension system. These measures must be supported by moving towards a more targeted social safety net that better protects vulnerable groups."
The mission welcomed the government's plans to strengthen public financial management, including the steps taken by the government towards the establishment of a unified treasure account. In this context, the mission reiterated the importance of adhering to the framework for managing government guarantees, pointing out that "the Central Bank of Iraq has appropriately tightened its monetary policy, and this tightening includes increasing the interest rate on monetary policy tools and raising the mandatory reserve requirements. The mission welcomed the progress made in strengthening the domestic liquidity management framework, and encouraged continued efforts to eliminate excess liquidity and develop theto promote the transition of monetary policy."

"Structural reforms aimed at stimulating economic diversification and private sector-led job creation remain pivotal to achieving sustainable and inclusive growth. Priorities include creating a level playing field for the private sector through banking and electricity reforms, reducing labor market distortions, and continuing efforts to Strengthen governance and reduce the prevalence of corruption."
"The IMF team stands ready to support the Iraqi authorities in their reform efforts and would like to thank them for the frank and fruitful discussions during the mission."

[Half Crazy Runner]

I’m about to run out of my daily allotment of reactions 🏆 ⬆️ 💥 💙  on this thread alone today!!  

[6ly410]

-

 

[6ly410]

[6ly410]

Iraq’s non-oil GDP expected to grow by 5% in 2023: IMF

• Amr Salem
•  December 20, 2023

 

 

The International Monetary Fund logo is seen during an IMF/World Bank spring meetings in Washington, U.S. Photo: Reuters

Baghdad (IraqiNews.com) – The International Monetary Fund (IMF) said on Tuesday that with a significant fiscal expansion in place, it is anticipated that non-oil GDP will increase by 5 percent in 2023.

The IMF mentioned in a statement that robust non-oil growth should be sustained with continued budget implementation in 2024. However, in 2023 and 2024, global GDP growth will be less due to decreasing oil output because of the shutdown of the Iraq-Turkey pipeline and OPEC+ production reductions.

The IMF released its statement on the Iraqi economy following meetings with Iraqi officials in the Jordanian capital, Amman, between December 12 and December 17.

With the Central Bank of Iraq’s (CBI) stricter monetary policy, passthrough from the exchange rate revaluation, lower international food prices, and normalization of trade finance as compliance with the new anti-money laundering/combating the financing of terrorism (AML/CFT) framework improved, inflation has decreased from its peak in January and is expected to stabilize in the upcoming months.

The three-year budget that was passed in June 2023 signaled a change in Iraq’s budgeting procedures, with the goal of enhancing fiscal planning and extending significant development initiatives into the medium run.

It is expected that the fiscal balance will change from a sizable surplus in 2022 to a deficit in 2023, considering a delayed start to budget implementation.

According to IMF staff projections, the deficit will continue to grow in 2024 because of the current measures’ year-round effects.

Significant fiscal growth results in long-term spending that will strain the government’s finances over the medium run. This includes a significant rise in public hiring and pensions.

[rvmydinar]

2 hours ago, 6ly410 said:

passthrough from the exchange rate revaluation

I wish they just implement the RV . Another word , should I say just " less talk and more action "