BondLady's Saturday Post: February 26, 2011

[ronscarpa]

BondLady's Saturday Post: February 26, 2011

BondLady's Corner

[bondLady] gm all

[bondLady] drc 1st 1 plz

[drc1947] Iraqi Finance: Launch of 30% of the budgets of developing regions to speed up project delivery service 25/02/2011 20:40 The Iraqi Ministry of Finance Friday, they fired 30% of the budgets of the development of the regions to implement service projects in the provinces task against the backdrop of the demonstrations witnessed by the country. He said the ministry spokesman Adnan al-Jubouri told the Kurdish news agency (Rn) "The Ministry of Finance instructed the General Budget Department fired 30% of the proportion of provincial budgets as dedicated to the development of the regions." And saw most of Iraq's provinces today in protest demonstrations against the deterioration of services and failure to address the problem of unemployment by the federal government and local governments. And the demands of the protesters focused on improving services, and increase the hours of processing power, and the delivery of the ration card on a regular basis without interruption, and to find successful solutions to eliminate unemployment, the resolution and the dismissal of some governors and local councils. The Jubouri that "the ministry stressed that local governments need to implement the financial budget allocated for the development of the region to implement the necessary requirements required by the people of the provinces." The Congress approved the budget in 2011 in the 20 of February the current value of $ 82 billion U.S.. He pointed out that "the main factor which called for the release of the budgets of developing regions is the popular demonstrations witnessed by most of Iraq's provinces, which calls for the provision of services." He continued by saying that "the ministry hopes that the conduct of provincial development allocations by local governments meet the needs of the Iraqi provinces, and the necessary key." And announced that the Economic Committee in the Iraqi Parliament that the deficit in the budget of 2011 and $ 13 billion deficit is not a real and viable treatment. The Iraqi government spokes

http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.aknews.com/ar/aknews/2/221022/&prev=_t&rurl=translate.google.com

[bondLady] launch 30 % of the budget

[bondLady] the budget has to go thru out the yr so they cant launch it 100%

[bondLady] but 30% right off the bat is pretty dang huge

[bondLady] an this is the biggest budget a historically large budget

[bondLady] theve had

[bondLady] cause there gonna begin rebuilding finally!!!!!!!!

[bondLady] go ahead next drc an ty

[drc1947] Nujaifi: the current parliament is the supreme authority in Iraq PNA-chief of the Iraqi parliament Osama Najafi said that Iraq is passing through a new phase which is developing plans for reform, and pointed out that the current parliament to take a new supreme authority in the country. The Nujaifi during a meeting with the Iraqi community in Damascus that there are forces seeking to reform the political situation in Iraq through the re-structure of the state and the fight against corruption, and promised to send a parliamentary committee to examine the problems and constraints experienced by Iraqis in Syria. The Nujaifi had arrived in Syria yesterday, and met with President Bashar Assad and discussed with him bilateral relations and developments on the Arab and international arena.

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http%3A%2F%2Fwww.sotaliraq.com%2Firaq-news.php%3Fid%3D16909

[bondLady] to take on the NEW SUPREME AUTHORITY

[bondLady] i doubt theyll soon forget just what could have happened yesterday with the protests that didnt...but could if they ever try to take advantage of the people again

[bondLady] go ahead drc ty

[drc1947] Detailed New Briefing Paper on Iraq The United Nations has prepared a comprehensive Briefing Book on Iraq, and presented it to Prime Minister Nouri al-Maliki. The book is comprised of two parts: The first part addresses key policy issues, including: macroeconomic challenges, development planning and prioritization, governance and public sector reform, anti-corruption, private sector development, social protection and the challenges of regional cooperation and internal disputed territories. The second part focuses on the various sectors and cross-cutting issues, including: human rights protection, civil society and the media, gender mainstreaming, basic social services, water resources management, agriculture, environment, energy, transport and telecommunications and cultural heritage. There are a total of 16 chapters for each of the policy issues with an outline of the challenges based on analysis of Iraq’s context and experience, a presentation of recent and ongoing policy actions followed by a series of recommendations for further initiatives

http://www.iraq-businessnews.com/category/banking-finance/

[bondLady] and they are PASSING THRU A NEW PHASE

[bondLady] yes this is the handbook sent to iraq from the united nations

[bondLady] how to do what u need to do

[bondLady] see this bottom part

[bondLady] appropriate monetary and exchange rate

[bondLady] policy

[bondLady] framework needs TO BE SET IN PLACE

[bondLady] rv?

[bondLady] looks like it to me as they go into this next NEW PHASE

[bondLady] next 1 plz

[drc1947] Iraq Drafting International Arbitration Law February 25, 2011 Iraq is drafting an arbitration law as a step toward accession to an international convention on recognition and enforcement of arbitration awards, RFE/RL's Radio Free Iraq (RFI) reports. Abdel Sattar al-Beriqdar, a spokesman for Iraq's High Judicial Council, told RFI that Iraq is keen to join the 1958 New York Convention on international arbitration. He said the country's first commercial arbitration court has been established in Baghdad to settle trade disputes involving non-Iraqi business partners, and similar courts are planned for other provinces that have foreign investment potential, such as Basra and Ninevah. Judge Delissa Ridgway of the U.S Department of Commerce held a three-day workshop in Baghdad this week to explain international commercial arbitration to Iraqi judges. The workshop was attended by some 20 judges from different parts of Iraq and various courts, including appeals courts, courts of appeal, the cassation court, and administrative courts. Ridgway, former chairwoman of the U.S. Foreign Claims Settlement Commission, told RFI that "Iraq has a rich tradition of law and some treaties from the early days of international arbitration, but the newest convention, which now has been signed by 145 countries around the world, is something the Iraqi judges are very curious about." Ridgway said the Iraqi chief justice was particularly interested in arbitration because of the innovation of the commercial courts, "something much of the world doesn't have." She said her workshop is part of a strategic framework agreement between the United States and Iraq. She said the two are working to rebuild the legal infrastructure in Iraq so that "it will be a full member of the international legal community." "Iraq is poised to be a leader in the international business community and it is being very smart, it is now looking around the world at whatever countries are doing and is picking the best and making it is own," Ridgway said.

http://www.rferl.org/content/iraq_arbitration/2320391.html

[bondLady] there was a huge amount of reading in the hand book but all in all good read an a lotta questions ans if u wanted to read it all from the UN to IRAQ

[bondLady] this is pretty big but all the 1s so far are

[bondLady] setting stuff in place an they cant move onto the next phase with 1170..im sorry i cannot grasp that same as i can never concieve in my mind a lop

[bondLady] that really was a good read tho

[bondLady] but its ok it pretty much says what it is

[bondLady] iraq such a rich country

[bondLady] my sc just went weird ..blank stare

[bondLady] see this last part of this article

[bondLady] the man wavein a 1000 dinar an screaming

[bondLady] worth less tha 1$

[bondLady] toward maliki

[bondLady] hes askin malik to look at it can he feed his family on that 1$

[bondLady] he says he wants him to look into his heart an see if its exceptable to him for takein care of his family

[bondLady] i mean theres video too

[bondLady] an its pretty clear what this man is sayin

[bondLady] make my money worth something

[bondLady] an yes it does speak volumes

[bondLady] an this combined with the 1s i have just shown u speaks huge volumes dont they

[bondLady] when u alighn them all up 1,2,3,4,5, etc see it all points to a rv

[bondLady] i can see it hope u can too

[bondLady] next 1 drc plz

[drc1947] At least 23 protesters were killed as Iraqis braved security forces to vent shared frustrations at the nearest government official. Sunnis, Shiites, Kurds and Christians, they shouted for simple dignities made more urgent by war - adequate electricity, clean water, a decent hospital, a fair shot at a job. "I have demands!" Salma Mikahil, 48, cried out in Baghdad's Tahrir Square, as military helicopters and snipers looked down on thousands of people bearing handmade signs and olive branches signifying peace. "I want to see if Maliki can accept that I live on this," Mikahil said, waving a 1,000-dinar note, worth less than a dollar, toward Prime Minister Nouri al-Maliki's offices. "I want to see if his conscience accepts it." follow the link to read the whole article

http://www.washingtonpost.com/wp-dyn/content/article/2011/02/25/AR2011022502781.html?hpid=topnews"'>http://www.washingtonpost.com/wp-dyn/content/article/2011/02/25/AR2011022502781.html?hpid=topnews" target=_blank target=_blank>http://www.washingtonpost.com/wp-dyn/content/article/2011/02/25/AR2011022502781.html?hpid=topnews

[bondLady] these are huge and very important things here

[bondLady] and when u start at the top and go to the bottom

[bondLady] drc show the cbi 1 plz

[

[drc1947] The Iraqi Central Bank, on Tuesday, his willingness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly,.......The zeros that are added to the Iraqi currency, during the last period, formed a cluster of large cash amounting to more than four trillion paper money, financial value amounted to 27 trillion Iraqi dinars, after that was 25 billion dinars in 1980, “noting that” Iraq is unable to manage this block because it is a small country where the large number of funds that traded on the Iraqi market has led to confusion in transactions for large commercial banks and in the work. ” ........Saleh added that “the Bank has fully prepared to delete the zeros of the Iraqi dinar, once forming the Iraqi government,” noting that “the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management from the core work and to delete the zeros is one of the strategic functions of the Central Bank of Iraq. ” .......... “Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar,” noting that “the deletion of zeros needed to stabilize the security and political, as well as economic stability.”

http://www.iraqdirectory.com/DisplayNews.aspx?id=13845

[bondLady] u rem what the cbi said last yr about set the gov an ill rv

[bondLady] and then this year shabs says pass the budget and ill give u an exchange rate

[bondLady] slap these 2 things together an we already have a budget now goi is fixin to formally set an many believe it to be shortly

[bondLady] the hcl imo an art 140 are already working

[bondLady] they began with the passing of the budget

[bondLady] so the arab summit still comes to town in march 28th i believe

[bondLady] so the protestors say

[bondLady] u say good things maliki but we dont really trust u

[bondLady] to keep ur word u lied so much to us

[bondLady] so we might just protest every month to make sure u keep ur word to us

[bondLady] so if they were to do this during the arab summit

[bondLady] might be a lil embarrasing for ol maliki

[bondLady] id thgink he would have and want happy campers surounding him

[bondLady] when this summit happens

[bondLady] the wto is in town

[bondLady] creating a buttload a new jobs for the people an world trade bank is there also helping them

[bondLady] the goi has passed a ton of contracts 300,000 new jobs

[bondLady] rebuilding will give a lot of jobs loans will make a lot of new buisnesses

[bondLady] taxes will be able to be paid

[bondLady] but

[bondLady] they must RV imo to do any this stuff no contractor wants to be paid in truck loads of 1170 i mean for real

[bondLady] plus it would tear down yrs of work done by shabs

[bondLady] pullin all the 000 notes back in an shreading them

[bondLady] they would have to reprint trillons an trillons

[bondLady] aint happenin imo

[bondLady] they have to move forward and forward is now.... go gettem iraq bring this baby home

[bondLady] ty all hope u enjoyed our news chat ty kindly and welcome home to the BLC

TWO ADDITIONAL ARTICLES OF INTEREST:

EXCERPT FROM UN REPORT: RECOMMENDATIONS PAGE 12

Continue to adhere to a sound monetary and exchange-rate policy framework. To preserve hard-won gains in disinflation and de-dollarization, an appropriate monetary and exchange-rate policy framework needs to be set in place. In that regard, maintaining a healthy level of international reserves is crucial in preserving the stability of the Iraqi dinar, and in avoiding the resurgence of currency substitution and inflation with accompanying socioeconomic effects, particularly on the poor. To address this, monetary authorities should continue to carefully monitor the emergence of possible inflationary pressures in the economy. This is a small part of this read..it u want read the whole thing

http://www.iraq-businessnews.com/category/industry-trade/

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MSMEs – A Prerequisite for Inclusive Economic Development

Posted on 25 February 2011. Tags: Ideas sYnergy, micro- small- and medium-sized enterprises, Microfinance, MSMEs, T. Keyzom Ngodup

By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, an Iraq based private sector development consulting company.

Recent demonstrations across the country in Sulimaniya, Kirkuk, Basra, Kut and other provinces are indicative of the growing disenchantment among the youth who are often jobless or underemployed despite Iraq’s tremendous oil and gas resources. According to the Iraqi Ministry of Planning and Development Corporation, unemployment is estimated at 35-40% as of 2009.

Drawing parallels from similar resource-based countries, oil & gas sector’s contribution to GDP is among the highest while contribution to employment as a percentage is as low as 1%. Historically, resource-based economies have made clear attempts to diversify their economies through focus on niche markets or exploitation of relative advantage, both in real economy and in financial markets. Supporting the development of micro, small and medium enterprises (MSMEs) has been inherent to economic diversification and employment generation. more...

http://www.iraq-businessnews.com/2011/02/25/msmes-%e2%80%93-a-prerequisite-for-inclusive-economic-development/

[R2d2dc]

Thanks for the post

[vast]

Once you translate the spelling and grammar...

Good post. Thank you!

[nydinardj]

Now that was a great post :-)

[ha ha]

Thanks for the post.

[Sk 1962]

Good stuff, thanks

[tim5400]

I dont know who the bondlady is but i like the way she puts her posts together...thanks for posting Ron

Edited February 27, 2011 by tim5400

[roxyredhead]

Thanks Ron!

[brbrlocke]

I dont know who the bondlady is but i like the way she puts her posts together...thanks for posting Ron

I did too...Thanks

[Linda]

Thank you Ron....God Bless...