aggiedad77 » September 11th, 2015, 10:34 am
Friday News Summaries and Commentaries
CBI responding to a reference: Five views assume control over the granting of loans
In an attempt to crack down on corruption and money that never finds its way to its intended delivery point, the CBI is setting up an elaborate checks and balances system with this 5 trillion dinar loan they are making through the Iraqi banks aimed primarily at the agricultural and industrial banks for helping small and medium businesses get back on their feet....
This will also help with the unemployment rate within Iraq......but only if they can keep corruption out of the picture....sounds like they are being creative in structuring this process.
The central bank required banks to publish lending data in order to achieve transparency
The CBI announced today to Iraqi banks if you are going to participate in our loan process then you must make your loan data available, in other words publish your work so we can indeed see the loans were made and received by the proper parties....it's called accountability.
Abadi is launching a new reform package
It's Friday....guess what along comes another package of reforms from PM Abadi.....surprise....
Abadi is booting 123 ministers and other leaders in government....that is no surprise at least not to me....there probably needs to be more getting his boot and that may happen in time.....as for replacements.....well they will fill from within the ranks, but only with those who can be proven to have integrity and be free of corruption.....I'm sure there will be more news on this to come.
Deputy for the citizen: focus on oil and gas legislation to regulate the relationship with the Kurdistan Regional
So the Legal Committee says it is focusing on the oil and gas law.....what is there to focus upon....do you have it in your hands.....if not then you must be focusing on dreams.....talk to the COM and find out where the law is.....get it moving.....you've given it back to COM....to me this is old news.
Reference calls to action "strict" in the disbursement of the amounts Okarztha government and the Central Bank
More evidence that these new loans being made by the CBI are strictly being watched to ensure the rightful people end up with the money and it doesn't just get pushed deep into some banker's pockets.
Short list thus far of the news.....let's watch what the rest of the day brings us.