Millionday newstime 9/23/15 Part 2 of 2
WELCOME TO MILLIONDAY NEWSTIME AT DINARUPDATES.COM
Millionday: NOTE -- THE ECONOMIC REFORMS REQUIRE THE LEGISLATION THAT DEVELOPS --RELATIONS PAVING THE WAY TO INTERNATIONAL TRADE AND PARTNERSHIPS
Millionday: (REMEMBER THIS IS WHAT THEY ARE LAUNCHING RIGHT NOW )
Millionday: Iraq will work toward participating in the following treaties and agreements:
• Continue to engage actively with the UN, the IMF and the World Bank
• Participate actively in regional organizations such as the OPEC, Islamic Development Bank, Arab Fund for Economic and Social Development. Pursue closer relations and consider accession to the GCC.
Millionday: NOTE -- I LOVE THIS NATIONAL RECONCILIATION AND THE REFORMS MORE EACH DAY
Millionday: THIS IS ALSO A WHOOPOW>>>>Work closely with the EU including through the Trade and Cooperation Agreement.
• Work to gain membership in the World Trade Organization and explore bilateral and multilateral free trade agreements consistent with WTO membership
Millionday: (REMEMBER THEY ARE IMPLEMENTING THESE REFORMS AND THE CONFERENCE NOW -- IT IS BEING PROMOTED) -- SMILE
Holly1 Millionday: yippeeeeeeeeeee
Millionday: SMILE -- WHOOOPOW
kathi: WHOOOOOOOOPPPPPPOOOOWWWW!! JUST HAD TO DO THIS!!
Millionday: Join the UN Anti-Corruption Convention and MENA-FATF. Sign up to the EITI Principles.
• Join environmental treaties such as the UN Framework Convention on Climate Change and its Kyoto Protocol, the Convention on Biodiversity, the Wetlands Convention and the Convention to Combat Desertification. Ensure access to 17 capacity building and compensation mechanisms available to developing countries for the implementation of environmental treaties such as the Global Environmental Facility and the Clean Development Mechanism.
Millionday: Iraq will also develop mechanisms for working with recognized non-governmental institutions and business organizations (such as Chambers of Commerce) that can help facilitate international integration on favorable terms.
Millionday: NOTE -- OBVIOUSLY THIS IS ALSO DONE AS WE HAVE READ MANY STATEMENTS FROM THE CHAMBER OF COMMERCE
Holly1 Millionday: oh TYVM ... and yes Whoopow x10
jimplants: that says real money
quicktolegit96: IMPLEMENTING AS IN "ACTIVATING"?
Millionday: YES SAME MEANING
Millionday: SO THIS IS WHAT THEY ARE IMPLEMENTING WHEN THEY SAY THEY ARE IMPLEMENTING THE REFORMS (THIS WAS THE ECONOMIC OR PART I SHOULD SAY) AND ALSO THE NATIONAL RECONCILIATION
Millionday: THIS IS HUGE HUGE TO SAY THE LEAST
Holly1 Millionday: hope everyone has a smile Now ...
Millionday: WANT TO SEE ANYMORE?
Millionday: HOLLY I KNOW I DO
Holly1 Millionday: you bet Millionday Cause I sure do ...
Millionday: INTERGRATE INTO THE REGION AND GLOBAL TRADE
quicktolegit96: MAYBE A SHIFT IN VALUE BEFORE END OF YR...
Millionday: OR A VALUE THAT IS CALCULATED AS WE LEARNED SO MUCH ABOUT IN ECONOMICS WOULD BE GOOD LOL
Millionday: 5 Medium Term Outlook and Iraq’s Financial Needs The Government of Iraq’s fiscal policy over the Compact period is reflected in a medium term fiscal framework (MTFF), which is consistent with the development priorities set in the National Development Strategy (NDS), reflects the cost of Iraq’s security and development needs, and is anchored in the IMF-supported Stand-By Arrangement.
Millionday: NOTE -- LETS LOOK AT THIS VERY IMPORTANT IMO
Millionday: NOTE -- THE REASON WE ARE LOOKING AT THIS IS THAT THEY ARE TELLING US THEY ARE DOING THIS RIGHT NOW
Millionday: SO LETS SEE WHAT IT IS IN MY OPINION
jimplants: thank you Swan and MD good night be Blessed everyone
Millionday: GOOD NITE JIM -- YOU CAN JUST BE SURPRISED
Millionday: In addition to ensuring the efficient and effective use of Iraq’s fiscal resources the Compact also makes the case for additional finance to meet essential needs and accelerate economic growth.
The government of Iraq will commit to detailing investment plans to achieve these goals, and will request the support of the international community and private sector in financing and executing these plans.
Millionday: NOTE -- OBVIOUSLY INTERNATIONAL INVESTMENT
Millionday: NOTE -- THIS SECTION HAS SOME VERY IMPORTANT INFORMATION
Millionday: 1 Medium Term Fiscal Framework
The Medium Term Fiscal Framework (MTFF) (Annex V) reflects Iraq’s commitment to
the prudent use of financial resources in line with the IMF-supported Stand-By Arrangement. 22 The MTFF (Summary Table 1 and Annex V) assumes a fully funded budget which relies primarily on Iraq’s own resources (90 percent of the total resource envelope).
The MTFF ssumes the most likely oil price trajectory for the medium term, a gradual improvement in the levels of oil production and exports, and completion of external debt rescheduling with all groups of international partners on the terms and within the time frame agreed upon with the Paris Club.
Millionday: NOTE -- THIS IS IN-LINE WITH THE IMF STAND BY ARRANGEMENT
Millionday: The baseline MTFF scenario is based on the Government’s prudent fiscal stance and available resources. It reflects an assessment of political, economic, and institutional risks to Iraq’s medium-term fiscal outlook, and offers realistic remedies to these risks, including necessary adjustment measures to be implemented by the Government of Iraq.
Millionday: NOTE -- THIS NEXT PART SPELLS OUT EXACTLY WHAT THEY HAVE PLANNED FOR A REMEDY
Millionday: READ EVERY WORD >>Should Oil revenues be substantially lower than foreseen, the Government commits to eliminate the resultant financing gap via additional adjustment measures. International development partners will be consulted on the proposed adjustment measures as such financing gaps emerge.
The Government may also consult with its development partners on the possibility of additional financing to minimize the possible negative impact of these adjustment measures on vulnerable social groups.
Millionday: NOTE -- THE INITIAL PLAN IF OIL PRICES ARE LOW WHEN REFORMS ARE INITIATED IS TO GET HELP FROM THE INTERNATIONAL COMMUNITY
Millionday: HERE IS SOME MORE INTERESTING FACTS OF WHAT IS GOING ON
Millionday: Financing Essential Needs - Accelerating Economic Growth Lack of essential services is affecting Iraq’s ability to achieve important levels of stability and economic growth. The proposed MTFF goes a certain way towards meeting Iraq’s need for basic services.
However, Iraq’s need in this area exceeds the level of investment it is capable of supporting with its own fiscal resources and donor funds committed to date.
While more work must be done in order to provide a detailed elaboration of Iraq’s medium-term investment needs, some have estimated the shortfall between Iraq’s needs and resources to be in the tens of billions of dollars.
Millionday: NOTE -- PART OF THE REFORMS ARE ACCELERATING ECONOMIC GROWTH -- (PART OF MY REFORMS TOO)
Millionday: Additional investments in selected areas will not only meet these basic needs and alleviate poverty but will also accelerate Iraq’s economic stabilization and growth with feedback
into the improvement of the security and political situation in Iraq. Through the Compact the Government seeks commitments from the international community in support of it meeting Iraq’s essential needs.
Millionday: SO AS WE SEE -- THE REFORMS AND RECONCILIATION CONFERENCE INCLUDES AND ACTUALLY RELIES ON THE INTERNATIONAL INVESTMENTS WE HAVE SEEN IN MANY REPORTS
Millionday: GOING GLOBAL WRAPS UP MUCH OF WHAT THE PLAN SHOWS US HERE -- VERY EXCITING
Millionday: WOULD YOU LIKE TO SEE MORE OR DO WE HAVE THE MESSAGE
Millionday: I DON'T WANT TO BORE YOU WITH MY DORKNESS LOL
Bax: lets Get er done.... SOON...
Holly1: I got the message .. wow ... would love more .... it is awesome
puffdragon Millionday: I think it points all in the right direction!
quicktolegit96: FIRST WEEK OF OCTOBER (FILL IN THE BLANK)?
Millionday: THE THING IS ABOUT A DATE IS THAT ALL OF THESE THINGS ARE GOING ON NOW -- THIS IS THE REFORMS AND NATIONAL RECONCILIATION CONFERENCE THAT ARE BEING IMPLEMENTED NOW SO NOT A BAD PLACE TO BE FOR US IMO
Millionday: I AGREE PUFF -- WHOOOPOW
Holly1: not at all MD
Millionday: I HAVE TO SAY THIS IS EXCITING
Millionday: OK IT HAS A LOT OF INFO --
Millionday: THAT IS THE MOST IMPORTANT TO US SO THAT IS ALL I WILL BRING RIGHT NOW
Millionday: KNOW NEWS WILL BE SLOW BUT VERY IMPORTANT DURING THIS TIME OF EID IN PREPARATION OF ALL THE TIMELINES FOR SEPTEMBER AND OCTOBER
Millionday: DON'T MISS IT
Millionday: I HAVE TO MISS NEWS DUE TO WORK BEING CRAZY BUT IT WON'T LAST LONG --- SO CHECK IN AND CHECK E-MAILS
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