Morning News Comments 04/02/2015
Kurdistan Parliament approves oil and gas law and the fund is a private board of his
[tlm724] just want to point out this is the kurds
[tlm724] the oil and gas revenue fund for the Kurdistan region law
[tlm724] that the law provides for the allocation of two dollars Be each barrel
[tlm724] will be put oil revenue source from the Kurdistan region which according to the law project which was voted on today.
[tlm724] " The provisions of this Act shall apply to the financial revenues obtained by the Ministry of Natural Resources by the provisions of the oil and gas law for the province, as well as derived from the federal government relating to oil and gas and financial derivatives imports
[tlm724] so this fund will include all revenue coming into Kurdistan from Baghdad as well
Called on the Iraqi diplomacy to move to invest in international support for Iraq economically .. Minister of Planning and review the reality of the Iraqi economy and the prospects for the future during a meeting with Iraqi ambassadors
[tlm724] while we are on the subject of Baghdad a very detailed report came out of the Minister of Planning site today
[tlm724] I'd like to show you the highlights but if you want to know what Iraq is doing than this is the report you will want to read ! Here is the direct link : http://www.mop.gov.iq/mop/index.jsp?sid=3&nid=1646&y=2015&m=3&d=2
[tlm724] Mr. Minister of Planning Dr Salman Jumaili diplomatic Iraqi called to move strongly abroad in order to gain international support to help Iraq on the economic side to get through grants, loans and aid in order to contribute to the reconstruction of the liberated areas process and the possibility of advancement of the national development under the security and economic conditions experienced by the country as a result of lower oil prices on the world market ..
Despite great challenges, but that is set by the Ministry of the plans represented a vision of the future for all sectors of development in order to build a diversified economy led by the sectors of industry, energy, agriculture and tourism Kaqtab Tntamoah and work on the development of spatial poles to reduce the gap between urban and rural areas and between provinces.
[tlm724] But the challenge facing the ministry since 2003 is the lack of stability, making the ministry is working about an extraordinary set of economic plans that are commensurate with the economic, security and political situation as well as the implications with regard to international conflict in the region and had to be adapted plans according to these data ..
five-year development plan for the years 2013-2017, which is one of the best plans of the United Nations represented by its mother, Ban Ki-moon testimony which he described as a court strategy plan.
[tlm724] The Minister pointed out that the five-year development plan for 2013-2017 seeks to adopt development approach balanced in establishing the prospects for future vision and change the identity of the economy of the rentier productivity ..
Mr. minister said that the plan sought to promote consistency between fiscal and monetary policies, including possible access to sustainable economic growth and stability brake inflation and equitable distribution of the fruits of development between segments of society.
[tlm724] including possible access to sustainable economic growth and stability brake inflation and equitable distribution of the fruits of development between segments of society.
This requires the private sector move towards the expansion of its investment activities and make up the shortfall,
[tlm724] accompanied by a review of the policies and programs, the spending and operational and investment in order to reduce wastage happening in the money exchange
as promised a lot of countries and agencies to support this Fund This fund is going to do the responsibility of the President of the BSA and work is now under way in the structure put his government has put the amount of $ 500 billion Iraqi dinars , the beginning of its inception and we are waiting for international aid and grants to support the reconstruction fund liberated areas
[tlm724] It said the ministry is ready to conduct the census, which was delayed due to a political problem and not the minister important to go into the political side ..
[tlm724] the ministry is ready to conduct the census
.. With regard to encouraging investment, the Minister stressed that this requires finding and infrastructure environment suitable for it on top of that legislation and laws have formed a crisis cell headed by the Prime Minister and the membership of three ministers and has the flexibility and wide to reduce red tape through the decisions and actions that facilitate investment ..
[tlm724] that legislation and laws have formed a crisis cell headed by the Prime Minister
[tlm724] the ministry has completed a draft industrial zones Act, which will be a gateway to invest an integrated areas
Indicating The ministry completed (19) and a standard document will be binding force and foster and guarantor of local and foreign companies and to ensure the rights of all parties and these documents were not previously exist, which led to the survival of belongings for companies, contractors, and we are waiting for approval.
[tlm724] there are many important things within this press release and it shows us what the plan is for Iraq but I believe the most important points are equitable distribution of the fruits of development between segments of society, the ministry is ready to conduct the census and that legislation and laws have formed a crisis cell headed by the Prime Minister
[tlm724] it is obvious they know what is needed and the census is on the list of hot subjects because it will allow for the proceeds of oil sales to go to the people which is part of the HCL !
Interior contracted with planning for the development of an organizational structure for the administrative and financial Okaltha
[tlm724] this one has to do with the Minister of Planning press release as well Wink
[tlm724] This is one of the steps undertaken by the Ministry in the implementation of administrative reform plan. " The statement said, "This step is a basic rule of the will for change and put the correct criteria for activating the work of the Agency Administrative and Financial Platform according to the administrative reform plan
[tlm724] This step is a basic rule of the will for change !!!!! they are pulling it all together, finally putting the reform plans into action !
[therealbubbie] tlm724 so in a nutshell what does this have to do with the dinar ... would like your opinon when you get a chance ! ty
[tlm724] therealbubbie the reform in Iraq has 3 points, administrative, economic and currency reform, each step they take towards a market economy brings about the conditions for the currency reform to continue because it is on going, no doubt ! These steps the GOI are finally taking will bring about stability on ALL fronts !
[therealbubbie] ty !
[tlm724] yw !
[therealbubbie] tlm724 the only one I care about is currency reform !!
[tlm724] Wink therealbubbie me too but all the rest lead to what we seek !
[RCS1947] Very Happy
The economic and investment commission discussed proposals to amend the investment law
[tlm724] This is directly from Parliament: indicating near to raise proposals to amend the bill to a final vote. Iraqi Investment Law No. (13) for the year 2006 ~!!!!!!