Post From Dinar Updates
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Dinar Updates Tuesday PM Chat 7-19-16 Part 3 of 3
Scotzgirl says to rcookie():I've missed the WB announcement - is it in Iraqi News? And thanks again for all you do -
rcookie says():HERE YOU GO SCOTZGIRL.....
rcookie says():World Bank and Government of Japan to Promote Inclusive Growth and Private Sector Development in Iraq
July 17, 2016 BAGHDAD, July 17, 2016- Four new grants from Japan totaling US$ 2.17 million will support the Iraqi government’s development and reform programs to enhance institutional efficiency and promote inclusive growth.
Managed by the World Bank, the four grants will focus on laying the foundation to integrate social protection systems and enhance their efficiency as well as help the government establish a comprehensive National Payments Systems (NPS) development plan. Moreover, the grants will contribute to improving the business environment and encouraging private sector growth, especially small and medium enterprises; and providing economic advisory support to upkeep the Iraqi economic reform efforts.
“A strong and effective social protection and modern payment systems are critical to the reform efforts undertaken by the Government of Iraq,” said Robert Bou Jaoude, World Bank Special Representative to Iraq. “The World Bank, with the help of the Government of Japan, is committed to providing support to the Iraqi people.”
The projects will provide substantial support in four areas;
i) the implementation of the Iraq Social Protection Strategic Roadmap, which includes building the Iraq National Unified Registry, developing the skills of social workers for poverty targeting, and introducing pension legislation reform;
ii) upgrading the National Payment System to enhance the safety and reliability of payments in Iraq and contribute to the stability and efficiency of the financial system and enable greater financial inclusion;
iii) improving Iraq’s performance in the areas covered by the World Bank Doing Business Report, and supporting the operation of the governmental Public Services Centers and
iv) boosting resources to support the government reform agenda and efforts through providing specialized on-the-ground advice and consultation.
“Japan remains committed to support reform efforts by the Government of Iraq, including financial and economic reforms,” said H.E. Ambassador of Japan to Iraq, Mr. Fumio Iwai. “I hope those four new grants, together with already extended ‘Development Policy and Financial Reform Loan’ amounting to 220 million USD contribute to boost these reforms and develop public and private sectors in Iraq.”
The World Bank’s portfolio in Iraq consists of three operations for a total net commitment of US$1.905 billion. The current portfolio includes a transport project being implemented in the south of the country;
an Emergency Operation for Development which restores infrastructure and public services in municipal areas liberated by the government; and a Development Policy Financing operation, for US$1.2 billion to help Iraq weather the fiscal crisis and advance reforms.
rcookie says():SO......WORLD BANK AND GOVERNMENT OF JAPAN ANNOUNCING SERIES OF 4 NEW GRANTS FROM JAPAN OF $2.1 MILLION TO SUPPORT IRAQS DEVELOPMENT & REFORM PROGRAMS TO ENHANCE INSTITUTIONAL EFFICIENCY AND PROMOTE GROWTH.......
HMMMM SOUNDS LIKE INSTITUTIONAL STABILITY....
THE WB IS MANAGING THE FUNDS WITH FOCUS TO LAYING FOUNDATIONS AND EFFICIENCY OF SOCIAL PROTECTION SYSTEMS AS SELL AS ESTABLISHING COMPREHENSIVE NATIONAL PAYMENT SYSTEMS (NPS) DEVELOPMENT PLAN....
IMPROVE BUSINESS ENVIRONMENT AND PRIVATE SECTOR GROWTH....ESPECIALLY SME'S..AND ECONOMIC ADVISORY SUPPORT TOWARD IRAQI ECONOMIC REFORM ACTIONS....
WORLD BANK REPRESENTATIVE BOU JAOUDE OUTLINES FOCUS IN 4 AREAS....
Scotzgirl says to rcookie():Thank you very much!
clay says to rcookie():thanks again :)
Soonergirlie says to rcookie():love stability (v)
rcookie says():ME ALSO!!!...(y)
rcookie says():IMPLEMENTING IRAQ SOCIAL PROTECTION STRATEGIC ROADMAP INCLIDING IRAQ NATIONAL UNIFIED REGISTRYDEVELOPING SKILLS OF SOCIAL WORKERS IN TARGETING POVERTY AND PENSION LAW REFORM..
UPGRADING IRAQS NATIONAL PAYMENT SYSTEM AND IMPROVING SAFETY & PAYMENT RELIABILITYTHAT CONTRIBUTE TO THE "STABILITY" & EFFICIENCY OF THE FINANCIAL SYSTEM AND YIELD GREATER FINANCIAL INCLUSION...
IMPROVE IRAQS STANDING IN WB EASE OF DOING BUSINESS REPORT AND RANKINGS
PROMOTE SUPPORT OF GOV'T REFORM AGENDA WITH ON THE GROUND TECHNICAL ASSISTANCE...
THE JAPANESE AMBASSADOR IWAI GOES ON TO STATE HOOE OF THESE NEW GRANTS ALONG WITH THE $220 MILLION DEVELOPMENT POLICY & FINANCE REFORM LOAN" BOOST THESE REFORMS AND DEVELOP IRAQS PUBLIC & PRIVATE SECTORS...
THIS IS ALL PART OF THE TOTAL WB 3 OPERATION PORTFOLIO IN IRAQ WITH 1.9 BILLION DOLLAR COMMITTMENT...AND INCLUDES TRANSPORT PROJECT...
EMERGENCY PUBLIC OPERATION INFRASTRUCTURE RESTORATION TO LIBERATED AREAS...
AND DEVELOPMENT POLICY FINANCING OPERATION TO GENERALLY HELP IRAQ OVERCOME THE CURRENT FINANCIAL CRISIS AND PROMOTE REFORMS........
rcookie says():Required to organize industrial projects data base
7/19/2016 0:00 BAGHDAD - morning renewed the competent industrial affairs Ahmed costly to organize data demanding industrial projects in Iraq demonstrates the need for each project to return a product and the economic feasibility of returning base.
He said in an interview with «morning» that the Iraqi economy needs to activate the industrial production in order to achieve economic development, noting that the industry at the core of the economic recovery and overcome a lot of challenges that bedevil the process of sustainable development,
pointing out that the database will help to chart the way to the needs of the sector map industrial and ways to develop Mphasalh.okan has said the industry represents the lifeblood of the economy of the country and its development gradually is extremely important and helps to achieve the highest degree of economic viability by maintaining capital cycle within the country and employment idle and moving the chock sectors.
watson1 says():WELL the next 15 days will be very telling on this investment ... I really do think by the part of Aug 2016 we will have a better understanding what is going on ...
Deep down i really do so see any change in value of the dinar until mid Aug or even sept 2016 after doing hours of reading due my back is out ...
I do think that the are moving leap speed to the finish line ,but not there as of yet . The news is great and each day getting better . Rcookie and wmwhite are doing great job ,but i think we still need to wait few weeks .that is my thought non guru watson .lol
clay says():I think we need to retake mosul
clay says():its a major financial center
clay says():and as for your back see your chiropractor
rcookie says():SELL MORTIMER SELL........
DIGIman1 says():relax Randolph.....
clay says():lol what
watson1 says():i love that movie
watson1 says():trading places
clay says():oh right
clay says):loved it too
rcookie says():TURN IN YOUR MAN CARD.....
Scotzgirl says to rcookie():Okay if we girls love it to? lol
rcookie says():THE BEST WAY AT GETTIN BACK AT RICH PEOPLE IS TURNIN THEM INTO PO PEOPLE.....
rcookie says():THANK YOU FOR CORRECTING MY ENGLISH...WHICH STINKS!!
kalis says():good afternoon!! (handshake)
kalis says():I see lots going on in dinar world .
david334 says to rcookie():Hi RC analyst extrodinare.I am seeing Egypy and other counrties rolloing back the use of bank cards when buying things outside the.
They are saying it reduces the dollar reseves of the card issuing contry. I am I mistaken that the merchant dont want to hold Egyptian pounds so the card holder has US dollars or the purchase gete converted from Pounds to dollars in Egypt.
Meaning no one wants to hold Pounds. In many ways most middle eastern countries are dual currency countrys because no one wants to hold any Arab currency.
david334 says to rcookie():Not any but many. Iraq has to overcome the percived value problem.
david334 says to rcookie():so either asset value have to back dinar or the economy has tonbe allowed to develop?
jtank says():just hope the country doesnt collapse-- where do u think we are at --will we have to wait till 2020 when iraq is fully working or will they redenominate and use the money to start the economy?
tman23 says to jtank():Actually ........ Maliki is up in Kurdistan trying to smooze the PUK and Gorran........He was suppose to stay and visit some sites but cut his trip short and headed back to Baghdad.......
maybe a sign that things did not go as planned....... tomorrow is a big meeting in Washington over Mosul......Kurds not invited !! I suspect that this whole thing could fold like a cheap sears tent at anytime
jtank says():wow- kinda have that feelin too-lol-sears tent from kmart made in china--
rcookie says():BOY OH BOY.....JUST A TEASER...BUT IS NEWSTIME (Wednesday Eve) GONNA BE GOOD!!!
subgirl says to rcookie():just wondering if we should put up a newstime banner??
subgirl says():NEWSTIME with HUTCH,RCOOKIE & MR WHITE 6:30pm CST Wednesday
LIVE in the CHATROOM!!!
Read More :http://www.dinarupdates.com/showthread.php?37270-Wednesday-July-20-2016
Read More :http://www.dinarupdates.com/showthread.php?37207-Tuesday-July-19-2016/page2