Millionday News 12/16/13
[millionday] i brought up the gcc meeting with kuwait and iraq etc -- here we go with info
[millionday] Iraq and Kuwait signed today two agreements for the promotion of investments between the two countries and tourism ,
in addition to the Minutes of the meeting of the Committee on the organization of navigation in Khor Abdullah.
According to Kuwait News Agency / KONA / "the signing of the two conventions and Minutes came on the sidelines of the Third Session of the Joint Supreme Ministerial Committee hosted by Kuwait attended by Deputy Prime Minister Kuwait Foreign Minister Sheikh Sabah Al-Khalid Al-Hamad Al-Sabah and Iraqi Foreign Minister Hoshyar Zebari and senior officials of the two countries.
[millionday] we were expecting agreements of large economic proportions for the borders between kuwait and Iraq and thats what we have here so great news brb with more -- smile
Read More Link On Right
[millionday] this continues through tomorrow brb
[millionday] this is months old but was sent to me and is a very important report i want to bring -- check out sources
[millionday] Iraq will emerge as the world's fastest growing economy in 2012 and 2013, according to Bank of America Merrill Lynch (BAML)
The Wall Street bank's data shows that among all the major economies it tracks, Iraq will be the only country that will post double-digit-growth in 2012 - clocking a 10.5% improvement in GDP this year.
China will emerge as the world's second fastest-growing economy this year, with 7.7% GDP growth. Meanwhile, the ten most important emerging markets will only grow at 5.5% this year, weighed down by problems in OECD economies, BAML data shows.
[millionday] Iraq will post a slightly lower but still impressive 8.2% growth in 2013, beating China once again (which is forecast to grow 8.2% next year), to emerge as the fastest growing economy again, according to BAML calculations.
The Economist Intelligence Unit (EIU) has a slightly lower forecast for Iraq of 8.5% in 2012 and 8.2% in 2013, but expects even greater growth over the next few years.
"We expect Iraq's economy to grow by a robust 9% on average during 2013-17, driven primarily by rising oil production," says the EIU.
"Bouts of violence, especially in central areas around Baghdad, will continue to disrupt the economy, but improvements overall in the security situation should aid economic activity in some of Iraq's more ethnically and religiously homogenous southern and western provinces, leading to increased wholesale and retail trade."
[millionday] wholesale and retail trade -- smile
[millionday] >>>>>>>>>>>>>"Reinforcing central banking operations includes rebuilding the capacity of the central bank to conduct monetary and exchange rate policies, supervise banks, and manage the country's foreign exchange reserves," says the International Monetary Fund.
"The financial restructuring of the two main state-owned banks is an important step to help establish the conditions for the banking system to extend credit to the private sector."
[millionday] now if this is what they are expected to do -- we sure are seeing a lot from the banking side of things -- and of course with the sdr announced to be in the picture -- very nice
[millionday] brb with news this is a strong push to activate the economic reform
[millionday] here we go smile -- Collect experts and researchers in the economic sphere, the need to give the Iraqi private sector its rightful role in the construction of development , stressing that the advancement of the economy is linked to the performance of his arguing that this advancement is contingent on the other Pfsh the way for foreign investment as well.
This came during a seminar held by the extended " the progress of the Institute for Development Policy " was emphasized on the need for the issuance of supporting legislation to reform the private sector.
[millionday] note --- a few facts they are sharing about where they are in this
[millionday] The President of the Federation of Iraqi businessmen willing Blibl about the reality of the Iraqi private sector and reviewing the history and stages of development over the periods since the emergence of the modern Iraqi state .
And between Blibl that the private sector has been waiting for more active participation after 2003 jubilantly declared good initially ,
where he was interacting well between the employers of this sector and the government agencies concerned but then things took a different direction than what we were hoping Vabat all attempts to reform the private sector to fail for lack of will seek to prevent the sector of promotion and this is clear from the lack of reform of the old laws .
[millionday] but>>>>>>>>>>>....He Blibl that the private sector and in spite of all the obstacles facing it still exists , though its contribution is not at the required level ..
He called for the need to create an environment of legal and legislative contribute to creating a suitable environment for the development of this sector and encourage investment .
millionday] note -- 7 laws go to parliament tomorrow at 11 am their time
[millionday] note -- economic reality>>>>>>>>>>>>>.
[millionday] To that between the economic expert, the appearance of Mohammed Saleh, said that the issue is not easy and is the processor and Reform collides with a lot of obstacles complex and the solution comes from the reform of the reality of the Iraqi market , which has become a market rents associated with rentier state ..
This requires the reform and liberalization of market diversification and this can not be achieved without the presence of democratic economic and political democracy .
millionday] in other words -- reforms and all of them have to be activated --- with a big -- period -- no nonsense
[Florida Country Girl] Whoop whoop
[ROBINREDHED] millionday I LIKE
[millionday] note --------- iraq is under Item VIII in the IMF -- someone e-mailed me something that was wrong just wanted to add that response in sense i didnt get back to you
[millionday] Saleh -- always has something good to say >>>>>>>>>>>>>>>>>>>
[millionday] Saleh added that the country complain of the absence of economic policies of the university and the lack of a developed industry keep pace with the global development of this Programme reform requires the presence of what is known as batch strong to strengthen the private sector and this Relay require the government to provide the infrastructure and the preparation of a clear program of reform to save the market from Rieitha and channeled in the right direction to become after that the growth of private sector growth -sustaining.
[wmawhite] millionday .do you mean Article 8 ???
[darlene] Millionday can you give us the link to that of article 8
[millionday] they are in article 6 with the UN --- Item VIII with the IMF - i will as soon as i get a chance to get all this caught up from the last couple days
[wmawhite] millionday millionday ....O.K......I thought it was Chapters in the UN and Articles with the IMF......lol
[darlene] give us a link please where they accepted article 8
[millionday] we have it in chats --- maybe we should start subtitling so we dont have to search - this report is very important and is building up to where we are
[millionday] The economic expert, speaking on behalf of Jamil Antoine explaining that the private sector after the year 1991, and the economic blockade added a lot to the GDP . Ä .
But after 2003, we hope that we move to a market economy and promote national industry , which eroded their capital .
[millionday] Antoine added that the state began to expand the base of public sector workers and raise them injustice , but in spite of that , the Iraqi labor force is estimated now to 9 million people , half of whom work in the private sector ..
He pointed out that the growth rate amounting to 9 percent is the ratio is not real , but it can be a real high and if the state turned to the private sector , there are some (25) industrial area in Baghdad, but only Off ..
As well as the economy is not random nor is it a socialist -type market economy .. Indicating that the economy is still kind of rent-seeking Dependence on Oil up to 94 percent ..
He called for the activation of a number of important laws , including the Law Aljmarjah tariff to protect the national product .. As well as the fight against bureaucracy abhorrent .
[millionday] Economic expert, Dr. Majid picture in his eating a lot of data and indicators that are related by the private sector and government policies towards this sector .
Denying the existence of such thing as a free market economy in any country in the world but there is a market economy .
He pointed to the picture that what is happening in Iraq today is to encourage the private sector commercial and ignored and the marginalization of the industrial sector ,
even if the trend towards the industrial side , we dealt with electricity five years ago ..
Indicating that the circumstances through which Iraq does not allow for private sector growth and development because of disabling a lot of laws , including tariff law ..
Warning of the existence of a political will to encourage the business side without industrial .