Millionday News 9/15/14 Part 1
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millionday] HERE WE GO -- In order to get the economy moving in different sectors, and achieve sustainable development through the business community and citizens, escalate calls to the necessity of activating and implementing economic decisions, and approving the draft general budget bill before the end of this year.
opportunity for change expert Advisory Amer Jeweler pointed to the need to implement the decisions of former government, which came after years of efforts in collaboration with private sector institutions and international organizations in order to avoid loss of time and opportunity for change and to avoid the start of the box Alaol.waosy jeweler in his statement »Sabah» compile drafts of economic laws and regulatory broken, which
[millionday] NOTE -- THE OTHER TRANSLATION SAYS FOR THE END OF THIS YEAR -- NOT BY THE END OF THIS YEAR FOR THE BUDGET SO DONT WORRY ABOUT THE BAD TRANSLATION
[millionday] lasted a long time and considerable effort has been the use of the many specialists and international organizations, in order to avoid falling into mistakes and direct set up in light of the need her urging to reconsider drafts of laws by the team expanded joint government and private sector,
through encounters an extended cover a specified time frame. strategies mission and stated the most important decisions and laws that require the activation and implementation for the advancement of different sectors, including
[millionday] NOTE -- THEY ARE SAYING THEY ARE GETTING EVERYTHING READY AT THE SAME TIME SO IT IS A SUCCESS --- TODAY THEY HAVE ANNOUNCED THAT THE ADMINISTRATIVE REFORMS ARE READY
[millionday] «Cabinet decision in 2010 to restructure public enterprises, which promotes a systematic partnership between the public and private sector in various economic sectors and the shift to joint-stock companies mixed and the representation of the private sector in their boards to ensure the productivity of those companies,
as well as the strategic energy, strategic industries that recommended the establishment of mixed companies new to the implementation of large projects and priority,
in addition to seriously implement and flexible laws broken or lagging the most prominent of the laws of customs tariffs, and consumer protection, antitrust, and protection products
[millionday] NOTE -- THESE ARE SOME OF THE MANY THINGS THEY HAVE COMPLETED AND HAD TO PREPARE ---
millionday] Alaracah.kma confirmed the importance of the legislation of laws that have been the victim of harassment policy, the most important law of infrastructure and approve budgets before the end of the year preceding the budget year,
and taking into account the impact on the economy and flexibility of implementation of projects and increase credibility with the business community and the citizens and improve the reputation of Iraq's international,
as well as modifying other laws necessary complement to the system Iraq's economic as law SMEs, economic reform, the partnership between the public and private sector, the law of industrial zones and amending the Banking Act.
millionday] NOTE -- AND ONCE AGAIN WE SEE THE MASSIVE LIST OF THINGS THEY HAD TO COMPLETE
[millionday] Besides stressed jeweler on the importance to raise the competent authorities slogan implementation of decisions and actions, services and projects as soon as possible and the best specifications, quality and lower costs in collaboration with Partners and Contractors Alrchinan and experienced exclusively and avoids excuses for any deviation,
as well as the launch of exports of products Iraqi unconditionally except what his relationship to food security and to facilitate the procedures so that they can direct any process of export within 5 days
and give them all exceptions and exemptions to meet the quality requirements and specifications in addition to the formation of Export Promotion Center and the use of embassies and Iraqi commercial attaché.
[millionday] SO THEY NEEDED TO PREPARE THE EXPORT CONDITION SO THAT THEIR OWN PRODUCTS ARE OF GREAT QUALITY AND MEET REGULATIONS FOR INTERNATIONAL REQUIREMENTS ----
VERY INTERESTING ---- HUGE PROGRESS -- HUGE
[millionday] AS WE SEE THEY HAVE ALOT DONE AND WE HAVE COME AND THEY HAVE COME A LONG LONG WAY
millionday] PLEASE UNDERSTAND THAT THE LIST JUST GIVEN IS WHAT IS BEING ACTIVATED TO MOVE FORWARD IN IRAQ`S ECONOMIC DEVELOPMENT –
NOT JUST A LIST --- IT IS TO BE ACTIVATED NOW THAT IT IS READY -- SMILE
[faith1] Condition,,,, what's that ? the pricing,,, the quantity,,, all of the above ?
[millionday] THEY HAD TO MEET INTERNATIONAL STANDARDS FOR EXPORTING THEIR PRODUCTS -- FOR INSTANCE DATES -- SO THAT THEY HAVE NOT BEEN STORED TOO LONG AND ARE NO LONGER GOOD QUALITY
[faith1] ohhh ,, k thanks !
millionday] INTERNATIONAL EXPORTED PRODUCTS HAVE REGULATIONS SO THAT THEY ARE OF GOOD QUALITY AND NO ONE GETS SICK OF IF THEY HAVE TO BE QUARANTEENED ECT –
THEY HAD TO MEET ALL EXPORTS REGULATIONS WHICH THEY HAVE NOW IN PLACE
[millionday] THOSE ARE ALL THINGS THEY HAD TO COMPLETE AND NOW HAVE DONE FOR THE DEVELOPMENT OF THEIR ECONOMIC REFORM AND ALSO THEIR MARKET
[millionday] BRB WITH MORE
[millionday] HERE WE GO -- BONDS
[millionday] Iraq has a high financial avoided extension to the international market and the issuance of sovereign bonds sold in the global financial markets to finance the deficit, but at the same time borrow locally through the sale of Treasury Notes of the Ministry of Finance to financial and banking institutions, due to the lack of a current account deficit the balance of payments.
In this regard, said economic expert, Dr. appearance of Mohammed Saleh, said that the financing of the deficit will be from local sources first and then sprawl to global markets, noting in his speech for the (morning) that the mechanics of borrowing from the local market easier, as well as its mechanisms simplified and the possibility of control in addition to the cost of the facilitator.
[millionday] NOTE -- IRAQ IS GOING TO BEGIN IN THEIR ACTIVATION OF THEIR ECONOMIC REFORM AND RETURN TO THE INTERNATIONAL MARKET WITH THE SALE OF TREASURY NOTES SO THAT THE IRAQ`S CAN BENEFIT FIRST AS A TOOL TO MINIMIZE THEIR DEFICIT
[millionday] added but the economy in general, does not prevent the opening up to the world in case there is something of surpluses in the balance of payments and a desire to defeat the purposes of the state if there is a deficit,
stressing that the current account in the balance of payments does not suffer a deficit at the present time, explaining that it falls within the door of the public debt
He explained that countries calculated the growth of the public debt of GDP If the growth rate of the debt and the interest rate is higher than the economic growth, it is called fatigue religion, explaining that the global ratio of debt to GDP should be between 50 to 60 percent Ktrakm.
[millionday] NOTE -- THE ECONOMY RIGHT NOW OF IRAQ FALLS IN THE FIGURES OF A HEALTHY ONE AS THEY ENTER THE GLOBE AND THEY ARE NOT WORRIED BUT HAVE IN PLACE TOOLS THAT THEY CAN USE TO REMAIN WITHIN THE NEEDED RATIO FOR A HEALTHY ECONOMY
[millionday] continued : that borrowing comes to stimulating the economy through the establishment of development projects, indicating that the incubator internal borrowing for Iraq is disabled are strong where it should be the proportion of borrowing locally larger than it is now,
indicating the importance that the present state bonds for Reconstruction and Development and not merely sell remittances Alkhozana.odaa to borrowing from the bond which should be an interest rate higher and for long though to be 5 years or more can also be for this bond to be sold in the Iraqi market for securities to get to the real interest rate and to find out the direction of interest rates and the benefits of the market in terms of prices.
[millionday] NOTE -- THE TREASURY NOTES CAN BE SET AT AN ATTRACTIVE RETURN AND ALSO CAN BE FOR A 5 YEAR TERM SO RIGHT NOW THEY ARE NOT GOING TO INCLUDE BORROWING AS THEY DEVELOP
-- IF THEY NEED TO IN THE FUTURE THEY WILL IF THE GROWTH RATE IS LESS THAN THEY EXPECT
[millionday] stressed that this bond will be crane excellent financial results in the recruitment of high liquidity in Iraq and invest Alaktnazac rather than do the owners of buying properties outside the country or invest there can also be issuing such a bond National usefulness competitive rewarding in support of the Housing and granting the right to the owner of the bond his opponent in the Iraqi market for securities.
[millionday] NOTE -- THEY HOPE TO KEEP THE BENIFITS IN COUNTRY BUT WILL SELL IRAQI BONDS IF THEY NEED TO BUT EXPECT IT TO PAY OFF FOR THE LOCALS AND BE REWARDING FOR THEM AND THE ECONOMY
[millionday] , and pointed out that he does not quite From directed the state to launch such a bond, where it is possible to condition the banks in the event of the desire of the holder to borrow them for being duly sovereign and a few risks and can activate the financial market because it is supported by property rights.
Saleh indicated that the Ministry of Finance lacks makers, financial market, a self- issuing treasury transfers that clog deficit temporarily in the budget, while there should be an expert to manage this process and who can find them through cooperation with the World Bank in this area.
[millionday] THE WORLD BANK HAS A LOCATION IN ERBIL AND IF THEY HAVE TO MOVE FORWARD TO SELLING BONDS OUTSIDE OF IRAQ ON THE MARKET THEY WILL WITH THE HELP OF THE WORLD BANK ---
IF IT COMES TO THIS IN THE ACTIVATION OF THE ECONOMIC REFORMS AND THEIR DEVELOPMENT
[millionday] SOUNDS LIKE THEY ARE DISCUSSING THE LAST ISSUES -- VERY EXCITING
[faith1] article said....sprawl to global markets ? is that a fast walk,,, run,,, jog,,, ??? !!!! hahaha !! seems a fast walk to me !
[millionday] I THINK IT MEANS STRETCH
[millionday] MAYBE LAY ON ? LOL
[faith1] ok !!!!!! no emotions !! hahahah
[awesomedtl] We don't have a time frame but "now" for activating!? We know their nows aren't always that soon haha
[millionday] I KNOW THAT THEY ARE NO LONGER STATING IN THE COMING DAYS OR THE NEXT PHASE -- THEY ARE ACTUALLY SAYING THE PHASE WE ARE IN SO THAT IS GOOD -- SMILE
millionday] HOW LONG THE PHASE IS -- WE DONT KNOW THOUGH LOL
[counselor.stratton] Is selling bonds in question?
[millionday] THEY ARE GOING TO BEGIN WITH IN COUNTRY SALES OF TREASURY NOTES AND MOVE TO THE SALE OF BONDS WHEN THEY NEED TO SO THE BEGINNING FOR DEVELOPMENT WILL NOT INCLUDE THE SALE OF BONDS OUTSIDE OF IRAQ AT THIS POINT
[millionday] OK HERE WE GO
[millionday] A member of the House of Representatives for the Dawa Party-Iraq Organization Mohammad Chihod that works Prime Minister Haider al-Abadi to submit names of candidates for the ministries of interior and defense in two days, a commitment to the pledge made under the dome of the parliament decisively topic in the Sea of the first week of the formation of his government as Minister Communications Hassan Kadhim Al-Rashed said the survival of ministers mass Badr in the government is subject to grant Hadi al-Amiri Ministry of the Interior or not,
[millionday] stressing that does not pose a problem despite the lack of fairness of the National Alliance for entitlement Bader predicted Chihod that have Abadi to choose candidates for the defense and interior ministries among the names that will be displayed in front of him
in case lack of agreement blocks out a candidate honoring him his commitment to parliament for a vote before the end of the first week of life of the new government
and stressed that alliances traded more than five names for each alliance and that the lack of agreement of the political blocs on one candidate,
whether for the National Alliance and their candidate for interior or national forces and their candidate for the defense at that I think the Prime Minister will throw the ball in the court of the House of Representatives through the choice of two characters
[millionday] NOTE -- ABADI HAS IT DOWN TO ONE NAME FOR INTERIOR MINISTER AND TWO NAMES FOR DEFENSE AND WILL PRESENT THEM IN TWO DAYS EVEN THOUGH THAT TAKES IT OVER THE TIMELINE BY ONE DAY
[millionday] one for defense and the other for internal underlined that the National Alliance had difficulty in choosing one of the candidates that will strengthen the conviction of Prime Minister need to clinching the subject for the purpose of full-time to international efforts to expel Daash of the country ,
indicating The names of candidates within the National Alliance 6 names which Hadi al-Ameri and Jawad al-Bolani addition to the cult and Qasim Dwaod and MP Ahmad Chalabi as well as Tovbak Yasiri.
[millionday] NOTE -- THE CHOICE IS VERY IMPORTANT DUE TO THE HUGE UNDERTAKING OF WORKING WITH THE GLOBE AND REMOVING DAASH AND TERRORISTS
[millionday] said Chihod that the Ministry of the Interior of the maturity of the Badr Organization, compensation for the post of deputy prime minister within the sharing of positions allocated to the National Alliance.
In the same context between Communications Minister Hassan Kadhim Al-Rashed said that "the Badr Organization in government within the National Alliance was a share of the Ministry of Communications in addition to the Ministry of Municipalities and Public Works,