Millionday Roundtable 7/31/15
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: WELCOME TO ROUND TABLE EVERYONE
Millionday: Hold the House of Representatives, on Saturday its regular reading of the ten bills. "
And will include the agenda of the meeting according to a statement of the Council received / scales News / copy of which was "the first reading of the draft first amendment to the law ownership claims body,
and the first reading of the draft accession of the Republic of Iraq to the Convention on Nuclear Safety Joint Convention law on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management ".
Millionday: NOTE -- OBVIOUSLY THE ISSUE OF NUCLEAR SAFETY HAS COME UP LATELY BUT WE ARE TALKING ABOUT 10 LAWS
Millionday: It also includes the agenda, "the first reading of a bill defining the mandates of the three presidencies, and the first reading of the draft open educational college cancel the law, and the first reading of the proposed delegation of authority law."
It also will include a session the first reading of the draft first amendment to the law of the ownership documents bearing the nicknames for the displaced and immigrants No. 79 of 2012 Act, and
Millionday: NOTE -- LAW OF AUTHORITY, PARTIES, DISPLACED --ETC
Millionday: the first reading of the draft law to accept members of the armed forces and internal security forces and an Iraqi National Intelligence and the National Security Apparatus in college.
The statement pointed out that the agenda will include a "first reading of the draft law training center and the development of transport, and the first reading of the draft imports municipal law, and the first reading of the draft first amendment to the law of the forensic medicine No. 37 Law for the year 2013"
Millionday: SO AS WE SEE -- PARLIAMENT AGENDA IS SET FORMALLY FOR TOMORROW
Bax: any idea why they keep tabling the HCL and Amnesty.....?
Bax: WE are stuck in the mud... IMO...until AMNESTY is done..
Millionday: THEY HAVE ANNOUNCED THAT AFTER EID THEY WILL BE ADDRESSING ALL LAWS ON THE SHELF (IMPORTANT)
Millionday: SO WE SHALL SEE ---- REPORTABLY TO BE ADDRESSED THIS WEEK OR NEXT
Millionday: PRESS RELEASE
Millionday: On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 891.3 million (about US$1.24 billion or 75 percent of quota) for Iraq under the Rapid Financing Instrument (RFI)1.
The purpose of this financial assistance is to help Iraq address present and urgent balance of payment and budget needs in 2015 related to the ISIS insurgency and a decline in oil prices.
The IMF financing will support the authorities’ current economic program, which includes fiscal adjustment measures and structural reforms.
Millionday: NOTE -- HUGE STATEMENT
Millionday: THE FINANCING WILL SUPPORT ECONOMIC PROGRAM WHICH INCLUDES>>>>>FISCAL ADJUSTMENTS<<<<
Millionday: Following the Executive Board’s discussion of Iraq, Mr. Mitsuhiro Furusawa, IMF Deputy Managing Director and Acting Chair of the Board, issued the following statement:
“The twin shocks faced by Iraq from the ISIS insurgency and the drop in global oil prices have severely widened the government deficit and caused a decline in international reserves.
Millionday: NOTE -- THE NEGATIVE IMPACT CAME FROM ISIS AND LOWERED OIL PRICES----THE FINANCING WILL HELP MOVE THE REFORMS FORWARD AS PLANNED
Millionday: The authorities’ policies to deal with the shocks, including sizable fiscal adjustment and maintenance of the exchange rate peg, go in the right direction.
Access under the IMF’s Rapid Financing Instrument will help address Iraq’s urgent balance of payments and budget needs. However, large fiscal and external financing gaps remain.
Millionday: NOTE -- WHOOOPOW -- INCLUDING A SIZABLE FISCAL ADJUSTMENT AND -- THE MAINTENANCE OF THE EXCHANGE RATE -- WHOOPOW
Millionday: NOTE -- UNDERSTAND THE MAINTENANCE OF THE EXCHANGE RATE IS LOGICALLY TO KEEP IT EFFECTIVE
Millionday: “The large financing gap calls for the rigorous implementation of the authorities’ policies, but also additional fiscal adjustment measures and identification of domestic and internal financing.
In this context, it will be important to implement the new electricity tariff schedule as soon as possible, or adopt compensatory measures. Looking ahead, the authorities should lay the ground for medium-term structural reforms that would better support macroeconomic policy management and boost the economy’s resilience to shocks.”
Millionday: NOTE -- IN OTHER WORDS -- THEY NEED TO HAVE SET PREPARATIONS FOR UNFORSEEN ECONOMIC PROBLEMS
Millionday: The RFI provides rapid and low-access financial assistance to member countries facing an urgent balance of payments need, without the need to have a full-fledged program in place.
It can provide support to meet a broad range of urgent needs, including those arising from commodity price shocks, natural disasters, conflict and post-conflict situations, and emergencies resulting from fragility.
Access under the RFI is limited to 75 percent of quota per year and 150 percent of quota on a cumulative basis. Financial assistance under the RFI is provided in the form of outright purchases without the need for a full-fledged program or reviews.
Millionday: SO OBVIOUSLY THIS AN EMERGENCY FUND FOR NATIONAL ISSUES --
Millionday: I FORGOT ABOUT A 3 OCLOCK APPOINTMENT TODAY
rudie: NO WORRIES CYA TONIGHT!
Millionday: THANK YOU RUDIE AND ALL THAT HELPED -- WOW LOVED THAT REASONING BEHIND US FUNDS --SMILE