Islandg1211: After last week's chaos in the GOI, the last few days were filled with meetings. Looking at concessions, money, military aid and future meetings, hopefully things are speeding up. Zebari's meetings look to be successful with the IMF, World Bank, and it appears he will be bringing home the bacon with loans, bonds, and maybe even a better credit rating.
Shababi should be happy not to use any more of the CBI's reserves to pay contractors and bills.
The Kurds got US money for their military, wel'll see what happens to Zebari. The war on ISIS in Mosul got more troops and helicopters. Sunnis got their future independence on the agenda. O is meeting with the Saudis. Iran is making deals and being quiet today.
Curious what is going with Maliki today. Sad that we are still are having to deal Maliki and Obama's State Department. It was great to see that article on the US military strongly supporting the three presidents and Abadi's reforms.
Islandg1211: IMO The GOI really needs to come out tomorrow with unity and actually vote in Abadi's technocrats and move on to voting in the basket of laws. The U.S. took a lot of action, time for the GOI to do the same.
I pointed out that Keyword last week: Accelerate!!
IMO end of April is the IMF's preferred time to RV.
TKC2: Question...when is the IMFs new fiscal year?
Avatar: Food for thought...From what I can find, the fiscal year ends on April 30. It sounds like the 'Spring' meetings were a spring board into the future.
KTFA Monday Night Conference Call
Approx. 177 minutes long
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK # : 641.715.3639 PIN: 156996#
Walkingstick : Iran's economy bustling, IMF says
Higher oil production and the lifting of sanctions equates to economic growth for Islamic republic
April 18, 2016
WASHINGTON, April 18 (UPI) -- The Iranian economy is outperforming the region as a whole mainly because of higher oil production and the lifting of sanctions, the IMF said.
In transcripts published Sunday, Masood Ahmed, the director of Middle East and Central Asia programs at the International Monetary Fund, said the Iranian economy is expected to grow by about 4 percent this year. That expansion should help lift the net growth for oil exporting nations by about 2 to 3 percent, he said from Washington.
"This is mainly due to the increased growth in Iran, because of the effect of lifting sanctions and the higher oil production that comes from it," he said in his remarks. "In Iran this year, we are expecting an extra 600,000 barrels or so per year of oil production."
Sanctions pressures eased in early 2016 following a nuclear deal signed in July between Iran, the five permanent members of the U.N. Security Council, plus Germany. Full trade in Iranian crude oil remains restricted because some financial maneuvers are still blocked by U.S. sanctions.
A tanker of crude oil, the first to leave Iran since mid-2012, left for the European market last month.
Though sanctions relief means more Iranian oil on the market, the Iranian government has tried to make its economy less dependent on oil for revenue. Ali Larijani, the speaker of the Iranian parliament, said the economy exports around $50 billion worth of non-petroleum products, "which is not sufficient."
Iran is outperforming its peer economies. The IMF said members of the Gulf Cooperation Council, a group that includes members of the Organization of Petroleum Exporting Countries like Saudi Arabia and Kuwait, should see economic growth slow from 3.75 percent last year.
"Economic growth in the GCC countries this year is expected to be below 2 percent in part as these countries are tightening their public spending in response to the oil price drop," Ahmed said.
Iranian representatives were not on hand for a weekend meeting in Doha to consider oil production levels. Saudi Arabia said no deal to keep output steady was possible without Iran's participation.
Thunderhawk: U.S. Treasury readies new tax rules as G20 vows to fight evasion
The U.S. Treasury Department is finalizing new tax rules aimed at combating the use of shell companies to evade taxes, U.S. Treasury Secretary Jack Lew said on Saturday amid increased pledges by global finance leaders to cooperate on tax issues.
In a statement to the International Monetary Fund's steering committee, Lew said the Treasury was finalizing a rule that would require banks to identify the beneficial owners of new customers that are companies.
"In addition, we are about to propose a regulation that would require the beneficial owners of single-member limited liability companies to identify themselves to the Internal Revenue Service, thus closing a loophole that some have been able to exploit," Lew said.
In the wake of controversy stirred by the so-called Panama Papers, which revealed widespread use of tax havens and shell companies by wealthy global elites, officials from the Group of 20 major economies on Friday threatened to penalize tax haven countries that do not comply with new information-sharing efforts and moves to reduce tax mismatches between countries.
They called for criteria by July to identify non-cooperative jurisdictions.
"Defensive measures will be considered by G20 members against non-cooperative jurisdictions" if progress toward tax goals is not made, the group said in its statement.
Lew said the United States fully supports calls for all countries to automatically exchange financial account information.
The new U.S. shell company rules will follow steps taken by the Treasury earlier this month to curb corporate "inversion" deals in which U.S. firms buy foreign rivals to move their tax jurisdictions offshore.
Those changes were cited as scuttling a $160 billion merger between U.S. drug maker Pfizer Inc and Dublin-based Allergan Plc that would have shifted the combined company headquarters to Ireland, where corporate tax rates are 12.5 percent, compared to the top U.S. corporate tax rate of 35 percent before deductions and credits.
"Tax evasion and tax avoidance hurt government budgets, reduce the equity of our tax systems and hinder global growth," Lew said.
In his statement, Lew also repeated calls for euro-area countries and Japan to use available fiscal policy space to stimulate domestic demand while enacting structural reforms to their economies.
"Japan should deploy a flexible fiscal policy in the near term that provides a supportive fiscal impulse, while accelerating the implementation of structural reforms, including labor market reforms and opening the service sector to increased competition."
He offered up a long to-do list for China, saying the world’s second-largest economy “should prioritize reforms that strengthen its social safety net, reduce industrial over-capacity, open up the services sector to competition, tackle rising corporate leverage, confront the associated challenges to the banking system, and allow for a market-determined allocation of credit.”
Monday WingIt CC Replay with Gerry Maguire
Guests Art. Iko Ward and More……..
wmawhite The IMF...told the world that they expect Iraq to enter the world economy market during the 1st half of 2016. ...the IMF made those statements back in November 2015 for a reason...and they followed up those statements with the Technical Letter of Intent, signed by the IMF, CBI and MoF.
Also, we have seen week after week of progress by the CBI even while the circus events were happening in parliament.
This could happen within the next couple of weeks, or months. Either way though, it will happen.
Q: [...I...recieved an email from First Liberty National, its where I bought my dinar, The gal I delt with stated as good news was the DINAR is now listed here in the US as a currency, which is a change is it not?]
Wmawhite: Yes, it is...and I had been told by another investor a couple of months ago that his investment adviser had witnessed some changes within the investment side of Chase Bank. But, concerning your information, yes.
Continued good news that is in-keeping with what we are seeing.
BGG: What is happening - HAS TO HAPPEN. They are dealing with systemic corruption.
Q: [Can it delay the reform?]
BGG: That is the wrong perspective - it has to happen...forget delaying the reform...this IS THE REFORM...in essence - it is happening...