Meathead: Frank, I used to do commercial loans for several years... And the bank would NEVER give a loan without ALL requirements met. Now you could get APPROVED for a loan without conditions being met BUT you couldn't receive the funds WITHOUT meeting all conditions.
"Iraq announced on Tuesday, RECIEVING a loan from the IMF worth $13 Billion and an interest rate of 1.5 percent"
I also know that a LENDER can tell the BORROWER EXACTLY what the funds are to be used for... Should I expect to see the LD's in the next 48 hours? M
Frank26: Friend ............. Good point but may i suggest we first learn what the Bonds will do next?
Meathead: . And may I add... I like your suggestion and will add it to my study notes. I wouldn't be surprised to see something on the bonds tomorrow. Our Siamese Twin is telling us that we are in the dark on a few things. I know they added 2% interest from 6 to now 8
Frank26: YES !!!!!!!!!!!!!!!!!!!!!!!! BRILLIANT !!!!!!!!!!!!!!!
IMO ............. This was changed ........ TWICE.
In fact tomorrow for DESSERT we will use IRAN as a model as we did with the MCP of Iraq.
And YES ............. The loans are with a rate of return percentage they gave Iraq ............ BUT the Bonds funding is our STUDY.
Must say SURPRISED and pleased to see the % on the Loans................. Must have been urgent.
Your CC NOTES are causing You to Think ......... With our STUDY. KTFA Frank
Meathead: MUST have been urgent. I was shocked to see the article when I woke up. It was a few hours earlier that you said... "why do banks lend you money…..because they are nice…..because they want to control you…." the URGENCY must be one of CONTROL... From WB and IMF... I like URGENCY and CONTROL from IMF/WB. There is 11 more days till May 28th and 1 more day until the "meetings" end.
Frank26: Yes ......... As we SHARED .......... IMO these Loans will allow a CONTROL of the receiver. They have the assets but it is the ............. QUALIFICATION that is sought by an International Community that IMO is owed much by Iraq. KTFA Frank
Purifiers: Frank,"YOU"... taught us over the years... that...Many nations forgave Iraq... and many nations' (corporate entities) spent BIG money going into Iraq... setting up, and waiting for its future... and some failed waiting... jumped in too early... and "some" remained and stayed... strong... still today.......IMO... Iraq owes MUCH to the world "THEATER" as well...WE... are also (as you say) in that LONG LINE..
Frank26: Yes PURIFIERS .......................... A THEATER ................... Of The INTERNATIONAL WORLD !!!Would make a Good Stage for ................. A Speech. KTFA Frank
Meathead: Hmmmm... Last question of the night for me... Since the International Community seeks the qualification from Iraq and of course Iraq owes it to them... Could it be that the IMF/WB have come to the conclusion that Iraq doesn't want this as much as the International Community does? And the IMF/WB are no longer giving them a choice but to get this done on their timeline?
Frank26: IMO ............... We gave them a Road Map so ................ Yes.
KTFA Frank.............. Control/Security
Walkinstick: Minister's [where]: The government will cooperate with the IMF on the budget
[Oan- Baghdad] minister said that the government will cooperate with the IMF regarding the request to consider the financial budget.
The International Monetary Fund has told Iraq the need to edit the budget for fiscal 2016 bill to be reduced inorder to disbursement of the loan to him.
The Minister of Youth and Sports , Abdul - Hussein Abtan, told all of Iraq [where] " in return we get the loan from the IMF, the government is determined to coordinate and cooperate with him for loans and to be the financial and economic affairs in conformity with the agreements that have taken place between the Ministry of Finance and theIMF. "
According to news access of Iraq, on Tuesday, a loan from the international Monetary Fund worth $ 13 billion with interest estimated at 1.5 percent.
as said Governor of the Central Bank of Iraq [agency] on the Keywords that Iraq will receive loans from theinternational Fund for up to $ 15 billion in the next two years.
among Keywords in a newspaper interview , "Iraq is expected to happen this year at $ 7 billion or more, and in principle in the next two years Iraq could get $ 15 billion, and these amounts could say it has become almost certain. "
An Iraqi government delegation senior headed by Finance Minister Hoshyar Zebari held talks Saturday in theJordanian capital Amman with the international Monetary Fund to seal the Stand -by agreement , which will provide Iraq 's financial support to enable it to overcome the financial crisis and reduce the gap in the budget soas to enhance economic and financial system of the country 's reform process.
Doodlebug: Thank you Walkingstick...love it! "Collaboration", "accordance with conditions set by CBI", "opening up the banks of the WORLD", "conditions and legal CONTROLS", "open new branches in the country to provide services to ITS CUSTOMERS"....they have CUSTOMERS now? I don't know about all y'all, but these words are music to my ears.
Walkingstick: Rafidain Bank achieves its foundation in memory of the 75 financial achievements including technical services
Last updated 05/18/2016
Browse Rafidain Bank financial achievements in the provision of banking services to state institutions and citizens and other sectors.
A statement of the bank "Economy News" received a copy of it, from the general manager on behalf of Kamal al-Hassani, said that "the bank in the fifth after seventy of its founding anniversary, which coincides with the 19th of May [Thursday] was able to achieve sophisticated financial achievements compared to the previous departments."
Hassani pointed out that "the Bank's shares on the adoption of the electronic card Alki Card - MasterCard in the salaries of retirees and other categories covered by using advanced banking technology for users of the card in all its branches inside and outside Iraq."
It has also been "pushing employees to develop special courses Mlakathm up expertise in the fields of banking and financial work and look at the experiences of international banks in this regard."
He said al-Hassani, said that "the bank has contributed in collaboration with the Central Bank to provide a dollar coin to citizens for multiple purposes and its own resources and in accordance with the conditions set by the Central Bank, and develop a plan for expansion and opening up to the banks of the world and provided necessary facilities for employees and retirees."
He said Director General of the Rafidain Bank "regarding the granting of loans and advances it has made many of them for covered out according to the conditions and legal controls, and started to open new branches in the country to provide services to its customers," noting that "there are many banking achievements and will supplement the media out later." .
(Reposted from Monday CC)
Frank26 We will never give you a date...we study time frames and as far as the rate goes...they are thinking about a float or they will come out at 1 to 1...
IMO...they are going from an RI into an RV...and I believe the LD’s are next.
IMO...Dr. Shabibi is going to give the world a speech... DELTA and I have made it very clear in the last 2-3 weeks...we don’t think he is coming back...
Abadi...was saying they are finishing up Phase 1 and entering Phase 2...and one of the things that Phase 1 did was to carry the program rate...but Phase 2 will not carry a program rate...it will require the lifting of the value of their currency...and entering Article 8...
The World Bank is counting on Iraq...to succeed in Phase 2 of what they are doing with their currency...and the value of their currency.
The IMF told them...we are going to help you...and these are the things you got to do...and they either have them all done or they are working on them...and the last one is to raise the value of their currency...
IMO they are working diligently...working to lift the value of their currency...the IMF worked with them...and they said...finish it all up in the first half of this year and you will enter the international world...
IMO...they are coming to an end with the first half of 2016...mathematical proof has been given to the GOI…this mathematical proof is about to be reported...I believe at the end of this May.