Development of investment bank supports the government infrastructure projects, high cost
[tlm724] noting that it is part of a series of "adjustments deliberate" on the investment laws
[tlm724] which will be presented to Parliament in the new session to create more jobs and diversification of economic activities in non-oil.
[tlm724] that's exactly what the IMF is insisting on
[tlm724] so they are proposing this Development Bank " "Iraq is planning to introduce a bank government investment to help finance infrastructure projects, large and employ funds private sector companies," adding that "the new bank, which will be called Bank Investment and Development of Iraq," .
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And they will try to get it to parliamnet at the beginning of the new session but the key to this is as follows
[tlm724] they must IMO get the "new" banking law in place first
[tlm724] the private sector banks and all banks for that matter need to know the rules
Government of the Territory demanding transparency in the process of exporting oil
[tlm724] we have the completion of the oil pipeline and export of oil through Turkish territory, but we have not we yet to sell a single barrel of this oil, and we seek to achieve with Baghdad solutions to address this issue and we want to find solutions in this area.
[tlm724] "our differences lie in one point, they Atabllona deliver oil region to SOMO, and will sell it and put the proceeds into the budget in Baghdad, and then we'll send it to you, and not the Kurdistan region of any right over it
[tlm724] are ready to post Sumo us in the sales process Wink that's important
[tlm724] "the Kurdistan region is ready in all respects and clearly cooperation and coordination with Baghdad
[tlm724] but we can not accept any form shapes that are Baghdad assume full control over the process
[tlm724] then open the door to dialogue, as put forward by representatives of the Kurdistan region of parliamentarians and ministers of the Kurdistan region of Iraq and a number of questions and observations, which were answered by the management of the meeting, and confirmed all the parties involved in the meeting on the need for unity and the unity of the positions of the Kurds in Kurdistan Region and Iraq as the main point of the strength of the Kurdistan region and to ensure that his constitutional rights. meeting management has also distributed a number of archives and documents about the problems between Erbil and Baghdad to attend.
[tlm724] well in a nutshell they are working out the details,the requests , on both sides, seem fairly reasonable to me . If it's done by the constitution and both sides feel they win then the HCL should go forward
[tlm724] its tricky business though, they don't have a model to follow only the Constitution
Government agrees to give five dollars to the provinces oil
[tlm724] the other day the budget went to parliament with a buck a barrel for the oil producing provinces and the Kurds said no way and walked out even though Maliki said yes you can have it , it still was not approved yet , legally by the COM but as you see it is now official
[tlm724] Cabinet agreed to grant the full amount of five dollars to the provinces producing oil and gas within the petro-dollar project
Kurdistan: We will attend Thursday's meeting to read the draft budget 01/29/2014
[tlm724] the block will attend the meeting of the five dedicated to the reading of the draft budget law
[tlm724] k so the kurds are gonna show, that means most all of them will show
[tlm724] *hallelujah* lets get the first reading done
Suhail: our banks to keep pace with the global development 1/29/2014
[tlm724] there importance to the work of banks in Iraq, according to the strategy advanced keep pace with global developments in this area
[tlm724] the banking system in Iraq need to develop legislation and contribute to the progress of work in it
[tlm724] that's right, the "new" banking is in parliament ! need that and amendments to a few other CBI laws
[tlm724] the new banking law will give all the banks the rules to play by
An invitation to meet the fluctuations in oil prices 1/29/2014
[tlm724] The Iraq carry out economic development for the purpose of diversifying the fiscal revenue of the budget and reduce the proportion of the country's dependence on oil revenues
[tlm724] IMF says get it done Iraq !
[tlm724] diversify *slap*
[tlm724] imperative for the government to take preventive measures
Economic Parliament: programs and a clear shift towards the budgets plans 1/29/2014
[tlm724] but it does not mean to leave on the shelf, urging the concerned authorities to take into account the national development plan (five year plan) when preparing the budget public.
[tlm724] so the 5 year economic plan and the budget must go hand in hand, again this is a plan of action that will bring the the budgetary means (funds) to the forefront and ensure implementation of the plan. Iraq is at a crossroads right now, it's time to actually use the budget funds and complete these national projects.