Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday PM Chat 11-7-16 Part 1 of 3
rcookie says():AND REVISITING THE US AND WB GURANTEES OF THE 50%...AND THE FACT TGAT THY AR ALREADY INCLUDED IN 2017 BUDGET LAW..
MrsBGG says():Don’t MISS – “DU NEWS TIME” w/RCookie, Mr White & Hutch – Nov. 8th 7:30pm EST – In the DU CHAT ROOM!!
diagyAAAE says():Vice reveals many financial irregularities in the final accounts of Iraq
Vice reveals many financial irregularities in the final accounts of Iraq
11/07/2016 14:21 pm (Baghdad time)
Vice reveals many financial irregularities in the final accounts of IraqBaghdad balances News
MP for the Liberal bloc Mazen Mezni, Monday, for there are many irregularities in the final accounts of Iraq for the years 2008 2009 2010 2011.
Mezni said at a news conference attended by the House of Representatives / balances News /, “The final accounts of Iraq for the years (2008 2009 2010 2011) allocated by the government to parliament includes many financial abuses by observations that snap BSA.”
He added that “among these observations not to settle advance funding exceeded 124 trillion which indicated the accounting department of the Ministry of Finance that it is not a priority for the asset or lost, and that means the loss of liability coverage on the squandering of public money.”
He Mezni, “we categorically reject the ratification of these accounts in which the settlement of financial irregularities and legal cover to the squandering of public money and wreaked havoc in it, and encourage the continuation of wasting public money and encourage corrupt to persist with their corruption.”
He pointed out that, “the former parliament voted on the final accounts for the year (2005 2006) did not take any action in the face of the evidence of his palaces.”
The MP for the Liberals, that “we stand close with all of the wasted public money, and we were hoping for, but the final accounts for the presidency commission presented for approval again until after the negligent accountable and brought in the appropriate courts.”
He explained that “the presidency of the parliament insisted on presentation of the final accounts for authentication, despite the objection of the majority of the House of Representatives on display, this is part of a political settlement.”
The House of Representatives has completed on Monday to vote on the final accounts for the years (2008 2009 2010 2011) .anthy 29/40 P mawazin.net END
daytrader says to rcookie():Yep. That would be a different bond issue. Foreign bonds. Need someone to help guarantee the bonds to keep the coupon rates as low as possible.
rcookie says():HERE IS AN INTERVIEW TRANSCRIPT FROM PLANNING MINISTRY SPOKESMAN HINDAWI...
MrsBGG says():Okay, there is NO News Time Election night!! Subgirl was gracious to point out that the date was th 9th!! Thank you subby!!
rcookie says():Planning: Projects invested electoral and see 2022 soon
Planning: Projects invested electoral and see 2022 soon
Mon, 07 Nov 2016 12:46:24 # Algmehorah_uz A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi said that many investment projects exploited politically in the elections.
He pointed out that Iraq did not borrow virtue of former Prime Minister Nuri al-Maliki, and World Bank loans borrowed by the Prime Minister Haider al-Abadi operational, and projects lagging Nahilha to private investment or participation, we wrote vision (2017-2022).
The text of the interview: -
Center Brief: - What are the investment projects under the jurisdiction of the Ministry of Planning ?, and how much damage to invest for security reasons? Does corruption has hampered the Ministry of Planning projects?
Hindawi: - Investment in Iraq is going through two parallel tracks, the first private sector investment, whether private sector Iraqi or foreign, and this file is handled by the National Investment Commission Examples of such projects project Basmajh residential
The other track is the government's investment, which oversees the Ministry of Planning, which is also moving in three axes, the first investment projects to federal ministries, and the second regional development projects, and the third the petro-dollar projects, is no secret to anyone that development and investment in Iraq encountered significant and serious challenges centered on security, financial and political challenges, as well as corruption,
if we talked about the security challenges Nhsr the size of the damage done to the Iraqi investment within years (2004 to 2016) amounted to 41 trillion Iraqi dinars, or about 41 billion dollars, and this is a big number that represents a two-year investment budget in the current economic crisis, and the financial challenges since 2005 up lost the percentage of allocations to the side of the investment compared to the operational side,
it represents only 30%, so the lack of allocations affected clearly on projects implemented size, and the political challenges have affected significantly the implementation of projects by blocking implementation or non-importance of the projects to include, and the corruption this file thorny, complex and hit the length and breadth of all the joints of Iraqi life, including investing.
Political, economic projects at will
: - Is restored and the Ministry of Planning to consider the investment projects? How much is the cost of those projects?
rcookie says():Hindawi: - was revised to 6 thousand project almost, causing Delete (1038) projects from the budget, which was costing approximately tables (24) trillion dinars, the projects that are not direct them so far, as well as the completion (1032) investment projects were the cost of implementation of nearly 9 trillion dinars, and increase it to freeze (343) project at a cost of 20 trillion dinars, the projects are not a priority at the current stage, and after all of the above the rest of the project (4450) investment projects at an estimated cost ( 241) trillion dinars, after reducing the amount by 31%, and you need the Ministry of planning for the completion of the remaining projects (100) trillion dinars.
: - Is there a fake projects at the time of al-Maliki?
Hindawi: - The Ministry of Planning does not include phantom projects; because the mechanisms and controls the ministry to accept projects stringent and complex, and all the projects progress from the point clear, whether from local governments or ministries or entities unrelated to a ministry, meaning that projects together with a feasibility study of those involved and specialists, after all, who came from the way of project acceptance mechanisms may not be approved by the ministry, but there are projects listed in the political effects of the previous stage but it's not fake, but is irrelevant.
: - Hear investment projects, but where is on the ground?
Hindawi: - There are a lot of projects may not be the level of ambition, but we are talking about many projects, including projects (roads, bridges, and Almjsrat, hospitals, health centers, airports, universities, and many more), and if we want to mention actual numbers, he established Iraq (253 Hospital) up to 2015, after it had been less than 100 hospital before 2003, and we have (6) Airports, after the number of Iraq Airports (3) Airports, and the number of projects, health centers reached (1249) project, as well as increased the number of universities (17) University before 2003, to (37) University, do not forget to increase the number of schools and kindergartens (10) thousands of schools and kindergartens in 2003, to (16536) School and Kindergarten up to the present time, all of the above-mentioned to increase, according to financial need and customization.
: - What is the fate of foreign loans borrowed by Iraq's al-Maliki in the state ?, and now ?, It is the investment side?
Hindawi: - Iraq at the time of al-Maliki did not borrow, but submitted the draft in 2010, on the implementation of payment on credit projects, but has not prompted the approval of the House of Representatives, but now, all the foreign loans from the World Bank acted on the side of the operating expenses of the budget and not investment.
Not a time of loans Almaliki..okarod Abadi operational
: - Are the allocation of building infrastructure in areas controlled by Daesh projects?
Hindawi: - since 2014, it was not included in the hot investment projects or other regions; because of the economic crisis.
Worship loans and operating ask our projects for investment
: Is there a statistical number of projects lagging .. and how much, if any?
Hindawi: - All projects are stalled somewhat; because we have a (4450) project continued it to work (12-15) project; because the investment side allocations in the budget is very weak compared to the assignments the operational side, so I think today introduced these projects to invest or share with the private sector, or to be implemented in a manner term, these three options are on the table of government; to keep lagging projects ratios, and increase completion rates.
rcookie says():: - Is there a five-year and year plans developed and studied by the Ministry of Planning for the future of Iraq?
Hindawi: - Yes, there are plans launched by the ministry, the first The plan has been in years (2010-2014), but it stopped working after two years of its launch; because of security and political conditions, then the second plan was launched development plan for the five years and years (2013-2017) , which are working under this plan have been affected certainly emerging conditions that gripped Iraq after 2017, was conditioning its provisions in accordance with the new circumstances,
and these circumstances is to re-examine the order of priorities for the projects, and the end of the plan close by the end of 2017, and we have another five-year plan for the years (2018- 2022), and this new plan jointly prepared by many of the government parties, as well as the private sector, and the House of Representatives, and experts from the Gamaat, and international experts.
: - What is the influence of politics and their parties on the reluctance of the projects, with the continued granting of officials to close them profitable projects?
Hindawi: - This is one of the serious challenges faced by the investment projects in the previous stage, through the inclusion of irrelevant or tangible value projects and can only be described as an electoral projects, as well as referral of many projects to non-professional companies and does not have a similar work, so I stopped many of the other projects and reluctance.
: - Do you have a coordinating channels with regulators to hold accountable the perpetrators or those who ?, dragging its feet or you Tktefon providing statistics and information on all projects?
Hindawi: - can not the Ministry of Planning to work alone on censorship, the ministry is working on several stages, the first of the projects to include and discuss the importance and priority for this project, and then begin the second phase, a follow-up implementation of the project with the beneficiaries, and the statement of glitches or deviation from the implementation, so it should be there will be coordination with all sides, whether or supervisory bodies benefiting from the project itself.
: - How was posted Ministry of Planning and Najaf airport within the development of the regions 104 billion worth of projects, a private investment project for a Kuwaiti company?
Hindawi: - usually projects progress from the beneficiaries through the provision of a feasibility study and justification for the implementation of this project, and this project was submitted to the Ministry of Planning on regional development projects, and not to the Ministry of Planning's role in this type of project Sawa process of the project to include, and the implementation of the powers of local governments.
Maysan first in the implementation of projects
: - Of the provinces that have implemented projects and attributed high achievement?
Hindawi: - including the program of development of regions of some provinces have succeeded, including Maysan, and there are other provinces each good delivery and other medium and other sub-standard ratios, each logical and irrational causes the province, but the corruption and the security side and delayed the budget highlighted these reasons.
MrsBGG says to rcookie():Thank you for the News!!
rcookie says():THEY ARE TALKING ABOUT THE SOON TO BE REVEALED NEW IRAQ NDP 2018-2022...
rcookie says to MrsBGG():YVW..
rcookie says():AND TALKING ABOUT THE POLITICIANS EXPLOITING INVESTMENT PROJECTS IN ELECTIONS....HMMMMMMMMM....I KNOW THAT SOUNDS FAMILIAR FROM SOMEWHERE.....CANT QUITE PLACE IT.....LOL
daytrader says to diagyAAAE():Think this saying the final accounting of those years is correct, but certainly pointed out there was some serious corruption going on. It's now up to the Integrity Commission and the Judicial branch to identify and deal with the culprits.
rcookie says():TALKING ABOUT PHANTOM INVESTMENT PROJECTS UNDWE MALIKI....AND THE DISPOSITION OF FOREIGN INVESTMENT LOANS UNDER HIS REGIME...
daytrader says to rcookie():So you're saying that Iraq didn't learn enough from the masters of corruption to keep from getting caught!!!
rcookie says():OUTLINES AGAIN THE WEAKNESS OF INVESTMENT SIDE TO BUDGET COMPARED TO OPERATIONAL SIDE...
daytrader says to rcookie():Corruption on both sides of the budget, but bigger numbers and much easier to steal from the investment side. That's why the PFM is so important
daytrader says():Gotta get ready for Dr appointment. BBL
subgirl says():ok thank you Daytrader! :)