Iraqi funds 3/16/2014
[Lightingcslt] wow looks like they don't need those funds protected anymore and they can pull out at anytime
The management of the funds after the lifting of the protection it has become easy, especially after the Iraq fulfilled all its obligations and snuff out a large part of its debts inherited from the time of the former regime.
[tlm724] the remaining debt is nothing to write home about, not worried about that part
[BondLady] no other country that I know of has this least amount of debt
the member states of the Paris Club have had a prominent role in exempting Iraq from the commitments that were owed him as well as the states turn off the entire Amounts owed by the country towards it
[tlm724] so whatever remaining (debt) amounts that were due to the states of the Paris Club has been forgiven
[BondLady] pretty big stuff ! guarantee they have offered investment privileges for there forgiveness too - every one wants to be in on the ground floor of wealth building
Turki in a press statement that «the protection of Iraq's money in the United States expires in 22 of the next May, but our money outside the United States lifted protection two years ago»,
[tlm724] so they no longer need our protection so they can take complete control
[tlm724] all the Kuwait issues have been resolved as we saw the other day Iraq will pay them $ 7 billion dollars in the first half of 2015. This is a big step for Iraq when you consider the amount of debt they owed for the sin's of the father
[BondLady] they have had it for awhile but they wanted us to protect it because of the claims that will be levied against the DFI fund per lawsuits of all kinds
[BondLady] not just debts but Saddam's terrorism he did to individuals and or countries or businesses, many things so pay it off quick and save themselves a lot of money and time to the ones they can and negotiate with and do the courts on the ones they can't
Banks play an important role in the development process and attracting investment
[tlm724] but the banking sector in Iraq is trying to play the role of the deeper and more important in the development process believing that the reality of the banking sector has already positioned to exercise the role of development and good funding in the next phase.
[tlm724] Iraq does need more banks because once the people start using them there aren't enough banks to support the population
[tlm724] and how will you get them to use them give them security for their deposits is a good start I say use your own currency will also motivate them ...
Parliamentary Finance demanding Industrial Bank to provide facilities to the investors and industrialists
The committee addressed the management of the Industrial Bank develop new mechanisms to facilitate the process of granting loans to industrialists and investors in the industrial sector in order to support local industry and promote economic development in the country.
[tlm724] love seeing this again, work it !!
Parliament decision: the decision to ban Iraqi came to lack of impartiality in the coverage of the activities of the three presidencies
[BondLady] see where they wouldn't let Allawi's bloc in to parliament they said they couldn't be professional
[lightingcslt] that was Allawi's block ?
[BondLady] Iraqia yes they in dire need to pass the budget
[lightingcslt] yes they are
[BondLady] an they wouldnt let that go down i imagine well dur - adding that "Iraq has proved that it is not professional. they want the gov to fail no matter how much it hurts the people, thats just evil its not like I haven't been sayin it from the start 3 yrs later, almost 4 - reading the infrastructure law 3 yrs ago clued many in on allawis crap - others not so much
Finance parliamentary demands to hold the second reading of the budget next Tuesday
[tlm724] The parliamentary Finance Committee has demanded that the second reading of the budget bill on Tuesday *hallelujah*
[jeepguy] question ------------- if they read the budget , and do not finish reading it all the way through , do they count that as being a read budget ?
[BondLady] kurds said they would show for the final read they haven't got their whey by then then they will vote the 3rd down and file for amendments if passed - have to finish each reading
[jeepguy] BondLady thanks
Appellate Court to ratify the decision for "commercial" as the law of agency registration shall take effect
[jeepguy] any one a lawyer here i can t figure out what that last one means ?
[tlm724] jeepguy means they are correcting the companys law
[BondLady] so they can activate it
[BondLady] jus a lil part of the tariff bundle of laws that need to be in place to protect iraq an its economy and wealth many spokes to that wheel in play
[tlm724] and we get to watch it unfold !
[BondLady] yup, companys law..
[BondLady] it'll protect the company's investing, as well as local protection
Parliamentary Finance supports the restructuring of banks in the country and to develop legislation
[BondLady] these banks suffer from lack of application of modern techniques and the lack of coordination with international banks, and stressed the need for restructuring the government and private banks through the issuance of legislation and amend the laws window belonging to their work and said a member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri in an interview with the "long" yesterday "
[BondLady] restructuring the government and private banks through the issuance of legislation and amend the laws window belonging to their work
[BondLady] the issuance of legislation and amend the laws window belonging to their work laws !