Post From BondLadys Corner 1-23-16
BLC Admin Tlm724 News & Comments Part 2 of 2
Financing for Development in the Iraqi banking sector
1/23/2016 0:00 Ali Hassan al-Fawaz there to submit new ideas about the possibility of the contribution of the Iraqi banking sector in the face of economic crises, and even contribute to the funding of the development program, as well as supporting the reconstruction of liberated cities programs,
and this of course would be a major shift in the banks' policies, and their ability to attend within the frameworks sectoral more effective in the organization, financing, and implementation of major investment and service projects ..
but this Altuge- on Ohmath- will continue to be risky, because the fragile economic structure have not given horizon and clear that, as well as the weakness of the possibility of a financing fund for the support, and cross-coverage of international donors of Donor countries, who would be a kind of protection that is assigned figures of the banking sector in this aspect of their presence.
The bet on it will give impetus to the movement of capital of Iraq, as it will give momentum nationally to highlight the banking sector identity to participate, and in a departure from the nature of the routine work that remained depend on them at the level of the limited participation, or at the level of caution finance major projects which Kant- Aadh- subject to public funds ..
Perhaps the current conditions in which the Iraqi economy is facing a serious financial deficit due to lower oil prices, will reflect the seriousness with which they can activate the banks initiatives eligibility to cover some of the national benefits, and according to what can be facilitated programs, plans and clear,
especially to those cities need to be more than $ 20 billion for the rehabilitation of buildings infrastructure and its systems service, which means the need for international support, mainly through the presence of donor countries, as well as the existence of a banking sector active and brave contribute to the adoption of real initiatives in this context, to secure some loans, and assigning investment initiatives ..
The current circumstances may be difficult for everyone, but Mainbga addressed is planning major projects, particularly in the investment area, and put Ahli banking sector before a national responsibilities, as well as to policies in support of those responsibilities and Tqonnha,
and what shall be subjected to the loss of civil banking sector, including the Aevkdh confidence to participate, and in the planning with the donor countries to address the crises of structural deep, and face her problems, political and social repercussions ..
The idea of contributing to the construction of cities that have been terrorism emanating from the existence of a policy supportive of this contribution, and according to the potential of the banks, and the setting of priorities in that,
because the lack of planning their curricula to be a lot of support for the failure and corruption projects, and to discredit the confidence in the banking sector participation, and in the spirit of creating interactive with other national efforts ... http://www.alsabaah.iq/ArticleShow.aspx?ID=108860
tlm724: The idea of contributing to the construction of cities that have been terrorism emanating from the existence of a policy supportive of this contribution, and according to the potential of the banks, and the setting of priorities in that, because the lack of planning their curricula to be a lot of support for the failure and corruption projects, and to discredit the confidence in the banking sector participation, and in the spirit of creating interactive with other national efforts ...
no excuse for the lack of policy , the CBI is independent and can set and enforce the rules ! I point the finger first and foremost at the CBI Gov Ali Mohsin Ismail ! He has been governor since Sept 2014, more than enough time to get the banking system together .
Let me show you a quote from a Washington Post article written November 11th, 2014 :
"*Corruption. Iraq cannot succeed militarily or economically without a curb on the massive corruption of the Maliki era. According to Bowen’s report, money laundering through the Central Bank produced losses of more than $100 billion over the past 10 years, much of it funneled to banks in Dubai, Amman and Beirut.
The newly appointed Central Bank governor is Ali Mohsin Ismail al-Allaq, who previously headed Maliki’s council of ministers and who, in that role, oversaw government contracting. That’s discouraging news."
Specialists: international banks may lend to apologize for Iraq
01/23/2016 [rtl]BAGHDAD / JD / .. after the decline in oil prices to unprecedented levels, and the absence of a prudent economic policy read the economic and financial future of the country by successive governments, have warned a number of specialists and observers of the financial and economic vulnerability of the country to the financial bankruptcy
and the inability of the government to pay the salaries of the affair employees and retirees to the lack of sufficient cash flow in light of the low world oil prices, Marjaheen the arrival of oil prices to below $ 10 a barrel, as pointed out that international banks and friendly countries may apologize for lending to Iraq to cope with its financial crisis because of the lack of real assurances the ability of the Iraqi government to repay debt in the future.[/rtl]
[rtl]He says a member of the economic and investment commission deputy Almamori proof, that Iraq will go through a severe financial crisis during the next two months, which may lead to a lack of staff salaries the timing of schedule, because of low world oil prices.[/rtl]
[rtl]He Mamouri told / JD /: that the solutions the government of the current financial crisis and processors and threats to the country does not do any good, including external borrowing, which may not be achieved because there is a crisis of confidence between the Iraqi government and international banks and even friendly countries of Iraq, ‘
as Iraq may not be able to pay its debts in the future for not the existence of an integrated infrastructure in addition to the lack of productivity of vital sectors can be an alternative to oil, such as agriculture, industry and tourism, as well as who is waging war against Iraq and the terrorist gangs that need to be big money.[/rtl]
[rtl]He continued, so the international banks apologize for Iraq if he asked her to lend to face the financial crisis or to fill the budget deficit, calling on the government to resort to other alternatives other than oil, including a focus on productive sectors such as industry,
agriculture and tourism as well as the awareness of citizens and instil confidence in it in order to deposit his money in Iraqi banks on the grounds that there is also a crisis of confidence between the government and local banks on the one hand and between the Iraqi citizen on the other.[/rtl]
[rtl]The member of the parliamentary Economic Committee on the government to invest the border crossing points and activating the levies for some service organizations, as well as fees and taxes.[/rtl]
[rtl]As a member of the Finance Committee MP Ahmad Rashid stressed that "the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that" there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency for the purpose of bridging the budget deficit .[/rtl]
[rtl]He told / JD / "The government is going to have all the answers and simple proportions even not be the there are gaps or heavy burden on the citizen.[/rtl]
[rtl]He noted that "the country to the brink of bankruptcy as a result of the financial crisis and low oil prices," likely the arrival of oil prices below $ 10.[/rtl]
[rtl]It is noteworthy that, oil prices witnessed over the past week, a remarkable collapse which recorded the lowest level over the past 12 years since I arrived last Friday to $ 25 a barrel for the OPEC basket of crudes and less than $ 30 for Brent.[/rtl]
[rtl]The Office of the Prime Minister Haider al-Abadi, said earlier that the government continues to search for sources of funding out of the economic crisis, including internal and external borrowing and taxation and activating the customs tariff and selling bonds, international and internal subscription and implementation of projects on credit.[/rtl]
[rtl]For its part, the Supreme religious authority warned of the collapse of the economic situation in the country, stressing that successive governments have wasted financial resources without the benefit them economically.[/rtl]
[rtl]The representative of the religious authority in the province of Karbala, Ahmed net during his speech at the Friday prayer sermon, that "everyone knows that Iraq has economic and financial elements of a strong state and what God blessed him of Yes various whether the potential of the minds and the arms of his sons or natural wealth in the ground and the face of it,
but the successive governments of the country for decades did not work to harness this potential to serve the people and to provide a decent life for him, but most of its financial resources wasted in successive freaks and temporary dictators wars.
[rtl]He said net "in recent years, despite emitted governments of free elections, but the situation has not changed for the better in a lot of areas, but increased the suffering of the citizens, many aspects of the Poor management and broad scale financial and administrative hand-corruption and security situations deteriorating the other hand,
was prevented from investment potential of the country and financial resources for the sake of his children and their happiness service. " He called on the government to the need to find real alternatives and plans to address the financial crisis. / End / 8 /[/rtl]
tlm724: As a member of the Finance Committee MP Ahmad Rashid stressed that "the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that" there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency for the purpose of bridging the budget deficit .
Tahrir protesters call signatures campaign for "expose corrupt" and Mahtjo Wasit warn of a "collapse" of the economy
Baghdad / term Thousands of new citizens and activists of civilians in Baghdad and a number of central and southern governorates, on Friday, demands the application of the reforms and to hold accountable corrupt. While protesters Baghdad launched signatures calling for "exposing the corrupt" campaign,
protesters Diwaniya called on the Iraqi government to "follow the commandments of Najaf", as warned Asitaon of "collapse" the economic situation in the country as a result of lower oil prices.
He said civil rights activist and member of Tenseekiet Baghdad owner In an interview with the (long-Presse) that "hundreds of protesters renewed in Tahrir Square, the center of Baghdad, the previous demands, which they called it in the past collection, which has not been implemented so far," and urged "the application of real reforms and make mischief to justice and held accountable for negligence."
He said the owner "The demonstration was attended by pointing to members of professional associations, and health in particular," he said, adding "Aalmtzahreinn fired campaign signatures Magdy Rady to demand disclosure of the corrupt." In Wasit, dozens of people of the province marched to demand the implementation of reforms and accountability of the corrupt, warning of the "collapse" of the Iraqi economy and the deterioration the living conditions of the citizens.
A member of the Coordination have initiated demonstrations and Wasit Kazem al-Quraishi, in an interview with the (long-Presse), said that "dozens of demonstrators, gathered in front of the provincial council building Kut's city center, to demand the implementation of real reforms and to ensure in tackling corruption and detect fraud and theft files that goes on money year.
"Quraishi said that" the failed policies that have ruled the country caused the loss of Iraq's resources and rampant unemployment, "warning" from the collapse of the Iraqi economy and the deterioration of the living conditions of the citizens. "Furthermore, new dozens of demonstrators from the province of Dhi Qar demands accountability spoilers and provide a" thieves " to the judiciary.
With protested against the restoration of the municipal councils in the province, confirmed the organization of a demonstration in front of the provincial council next Tuesday to demand better services., Said activist and one of the participants in the demonstration, Edwar al-Shami,
in an interview with the (long-Presse), said that "dozens of demonstrators from the people of Dhi Qar, gathered in Habboubi Street and then moved toward the provincial council, the center of Nasiriyah, to renew their previous demands to hold accountable corrupt and disclosure of thieves of public money names and bring them to justice.
"Shami said that" the demands made by the protesters also included the implementation of political and governmental reforms and develop solutions to economic problems in the country, and to provide assurances not to prejudice and manipulation of staff salaries.
"He pointed Shami that" the local government in Dhi Qar reinstated the municipal system, having been canceled in the past few months, "and expressed surprise at" the insistence of officials in the province to activate Those administrative episodes excess, which is the source of disabled and waste of time and money.
"Shami stressed that" demonstrations will be launched next Tuesday, in front of the provincial council building, to put pressure on the local government larger in order to provide services to many areas in the province. "In the same context, Dozens of Diwaniyah province to demand the implementation of the reforms and find treatments to the repercussions of the financial crisis in Iraq,
while demanding the central government's commitment to the religious authority instructions in Najaf and spare the country a "disaster" economic. A member of the Coordinating Committee in the province, Ahmed and berries, in an interview with the (long-Presse),
The "demonstrations set off as usual from the mosque Mustafa Street toward the government complex center of the province, after the participation of dozens of demonstrators who demanded the implementation of reforms and the advancement of economic reality embarrassment experienced by Iraq."
He called and Tut "government agencies and policy-makers in the country to abide by Ptugeaat reference Najaf, especially including recommended in his sermon Friday, "stressing" the need to find radical solutions to the economic crisis and find a practical treatments to overcome the collapse of oil prices.
"He and berries that" the central government depends diversity in the national income of the Iraqi budget sources through activation of industrial and agricultural sectors, "pointing out that" Oil prices will continue to fall and the global economic decline, according to reports, the government can expect to develop plans and treatments required to prevent economic disaster. " LINK
tlm724: after the participation of dozens of demonstrators who demanded the implementation of reforms and the advancement of economic reality embarrassment experienced by Iraq.
Parliamentary Solution: the presidency of the Parliamentary Integrity Commission has provided an umbrella for thieves and corrupt
Political Since 01/23/2016 14:21 pm (Baghdad time)
BAGHDAD - scales News She parliamentary bloc solution, Saturday, welcomed the decision of House Speaker Salim al corrects the Parliamentary Integrity Committee management.
Bloc said in a statement received / scales News / copy of it, that "the reform sought by the Iraqi people begin by addressing the disclosure of the files of corruption, which carved the Iraqi state budget, and this requires that the run of the Integrity Committee by legal and known for integrity personality."
She added that "so and after the Integrity Commission, the management failed to perform its duties, we commend the decision of the Presidency of the Council of Representatives to change the presidency of the Integrity Committee in order to improve its work and activate its role in the fight against corruption after he provided the current presidency umbrella of thieves and corrupt." It ended 29 quarters e LINK
tlm724: diff source
Parliamentary Solution: We welcome the decision to change the presidency of the Integrity Commission, which failed to carry out its functions
20:37:18 2016-01-23 | (Voice of Iraq) - Baghdad announced Bloc solution, Saturday, that the President of the House of Representatives passed a resolution to correct the Parliamentary Integrity Committee administration after failing to perform its tasks, while welcomed this decision.
The bloc said in a statement it issued today that "the reform sought by the Iraqi people begin through treatment and detection of corruption files that carved the budget of the Iraqi state, "indicating that" This requires that the run of the Integrity Committee by legal and well-known fairness figure.
She bloc that" the President of the House of Representatives decided the Parliamentary Integrity Committee Management correct ", expressing welcome b "of this resolution." bloc and praised "the House of Representatives decision to change the presidency of the Integrity Committee in order to improve its work and activate its role in the fight against corruption," pointing out that "the current presidency of the Commission provided misleading for thieves and corrupt, and failed to perform its tasks."
The Chairman of the Board Representatives Salim al student, earlier, an official letter to the Parliamentary Integrity Committee to choose a new president to do with maintaining the elections, where al-Jubouri, expressed reservations about the Commission's work management.