Millionday News 11/17/15 Part 1 of 2
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Millionday: THIS REPORT IS FANTASTIC SO READ IT ALL
Millionday: Omar Abdel-Latif, the World Bank advised the government to make major economic reforms during the next phase, to spare the Iraqi economy to be vulnerable to shocks, external crises in the long term, with the parliamentary finance committee Mazhb him supported the World Bank, describing the situation in Iraq and economic b »is very deteriorating »and he needed radical reforms.
Millionday: THE WORLD BANK IS FUNDING A LOT OF AREAS THAT HAVE BEEN CLEARED OF TERRORISM -- AND THEY ARE THE WORLD BANK SO OBVIOUSLY >>>WHOOPOW
Millionday: He said the World Bank representative in Iraq, Robert Abu quality in a question raised by the« morning »via the Internet, that the austerity measures taken since the beginning of 2015, the fact that Iraq faced serious and urgent challenges, stressing that the drop in world oil prices and the war on gangs «Daash» terror led to a sharp deterioration in economic activity, public finance and balance of payments of the Iraqi state.
Millionday: NOTE -- THE WORLD BANK IS ASKING FOR MAJOR ECONOMIC REFORMS
Millionday: He said Abu quality that there is a need to cut costs and enhance revenues and contain the deficit in 2016 measures, stressing the need to take government austerity measures, especially with the possibility of turning the situation Financial to «darker» than expected, as much as the export price of oil at $ 56, generates a deficit of 10 per cent of GDP.
and between Abu quality that despite the expectation of higher oil exports, but there are challenges to the Iraqi government does not stop in front of addressing only the current crisis, but also provide significant economic reforms to make sure that Iraq's economy will not be vulnerable to shocks, external crises in the long term.
Millionday: NOTE -- NOT ONLY REQUESTING ECONOMIC REFORMS BUT >>>>SIGNIFICANT ECONOMIC REFORMS -- WHOOPOW
Millionday: The Supreme religious authority has stood up again and through the Friday sermon on 06.11.2015 in a row reforms, refusing to circumvent them under the pretext of «the auspices of the constitutional path».
For his part, supported the Finance Committee's decision in the House of Representatives Ahmed al-Haj is the view of the World Bank in his advice to Iraq, describing the economic situation of the country, whether financial or monetary policy level or credit Pal »very deteriorating» and needs to radical reforms.
Millionday: NOTE -- NOT ONLY ECONOMIC REFORMS BUT >>>>>>>>RADICAL ECONOMIC REFORMS
Millionday: WHOOPOW - I LOVE ALL THESE WORDS
Millionday: NOTE -- OBVIOUSLY A TURN OF 10% OF THE GDP IS NOT A GOAL AND THE NEED IS OBVIOUS DUE TO THE INTERNATIONAL EQUATION
Millionday: Haj said in a statement singled out by «morning», said the credit rating of Iraq is very weak, indicating that «no country or institution international gives Iraq loans, but high benefits of large and guarantees», warning of all loans obtained by Iraq in the field of consumption, viewing it as «a danger to the country and deferred tax paid by future generations».
Millionday: NOTE -- THE CREDIT RATINGS ARE NOT GREAT AND ALSO THEY HAVE HIGH RISK –
LAST NIGHT THEY ANNOUNCED THEY WERE GOING TO BEGIN THE WAR INDUSTRY AND THE PIPE LINE THROUGH AGREEMENTS -- SO AS WE KNOW -- LOWERING THE GDP IS NOT THE GOAL OF COURSE ---
INVESTORS INCLUDING THE WORLD BANK ETC NEED GROWTH FOR DEBT REPAYMENT AND ALSO IRAQ NEEDS LOANS FROM INVESTORS ETC DUE TO THE WAR TORN CONDITION OF THEIR COUNTRY
Millionday: >>>>>>>>>>The decision of the Finance Committee, said the financial policy of the government based on unilateral economy Source which is oil, noting that such a thing is causing volatility in overall revenues when oil prices rise or fall,
and thus The International Monetary Fund and the Construction Bank recommended a radical government reforms and measures in multiple sources of revenue and reduce expenditure and try to find non-dependence on oil, economic alternatives for the advancement of the economic reality of the country.
Millionday: SO ANOTHER REASON IS FOR THE ADVANCEMENT OF THE ECONOMIC REALITY OF IRAQ -- WHOOOPOW
Millionday: SOUNDS GREAT TO ME -- LOVE IT
poppy3 Millionday: YES THE WORLD BANK AND IMF HAVR STATED THEY (IRAQ ) MUST INCREASE GDP AND GROW ECONOMY TO SHORE UP THEIR FINANCIAL STABILITY.
TO ME THAT SAYS THEIR CURRENCY MUST INCREASE IN VALUE TO GAIN THAT STABILITY TO SUPPORT THE LOANS THEY HAVE ALREADY BEEN APPROVED ON. RV PEOPLE NOW THATS A WHOOPOW
Millionday: Denied the parliamentary Finance Committee, on Tuesday, re-draft federal budget law for 2016 to the Cabinet for discussion.
The committee member said Sarhan Ahmad's "Eye Iraq News" that "the news of re-draft budget law to the government Nude for health and made the bear responsibility," noting that "the Minister of Finance will send some amendments to the parliamentary Finance for the purpose of adding them to the draft budget."
Millionday: NOTE -- THE REPORTS OUT THAT THE 2016 BUDGET HAS BEEN SENT BACK HAS BEEN DENIED ---- THE SECOND READING HAS BEEN DONE AND THEY EXPECT VOTE THURSDAY --
Millionday: Sirhan emphasized that "the draft budget law is still under the dome of the Parliament and of the Finance Committee," explaining, "The Parliament will pass the budget before the end of this year."
The MP for the coalition of state law Haider Mawla, on Tuesday, the House of Representatives decided to return the draft federal budget for 2016 at the request of the law minister who has hosted today.
Millionday: SO THIS IS NEW FOR IRAQ -- WHOOPOW
Millionday: NOTE -- REMEMBER THAT THE RADICAL REFORMS THAT THE WORLD BANK IS CALLING FOR IS ALSO TO REDUCE THE 2016 BUDGET DEFICIT AND FIGURES ETC -- SO FOR THIS TO BE READY FOR VOTE –
IT SHOWS HUGE PROGRESS AND PREPARATION FOR THE ECONOMIC REFORMS IMO
Millionday: READ VERY CAREFULLY
Millionday: Denied the Iraqi Central Bank Governor Dr. Ali Keywords what has been traded from the news about the disappearance of $ 10 billion of the bank's reserves during the previous government to open an investigation in this regard.
He Keywords in a statement to «morning» that a meeting with the Prime Minister, Dr. Haidar al-Abbadi, during which Review of the negotiations for government delegation with the International Monetary Fund in Oman and the most important thing was reached him of the agreements have not been touched upon the issue of the disappearance of money from the Reserve Bank or instruct us to investigate.
Millionday: NOTE -- CBI HAS DENIED THAT SOME OF THE RESERVES ARE GONE ($10 BILLION) THE INVESTIGATION IS NOT GOING ON AT THIS TIME
Millionday: NOTE -- THE RELIANCE ON NEWS GOES ON EVERYWHERE -- THEY HAVE BEEN ASKED TO BE A POSITIVE FORCE IN THE REFORMS AND CITIZEN DEMANDS
Millionday: He called on the media to be accurate in the transfer of information because of their impact on the political, economic and security reality .okan Central Bank of Iraq has denied, on Tuesday, the newspaper «morning» on the disappearance of $ 10 billion of it,
and called on the Iraqi Media Network to investigate the reasons of the publication of this Br.oukal Bank in a statement released him, «morning» received a copy of it « has been viewed on the news published in the newspaper «morning» to Monday's day on November 16, 2015, under the title (to investigate the disappearance of $ 10 billion from the central bank) », indicating that« the news untrue altogether ».
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