Millionday news may 2, 2015 Part 1
WELCOME TO MILLIONDAY NEWS
Millionday: World Bank Plans in the Middle East and North Africa increase its investments in the region in the coming years to help countries deal with the political turmoil that make up the pressure on the local economies.
A senior source in the bank's / scales News / that "a senior delegation from the bank will visit Iraq this week to discuss with Iraqi officials ways to help them cope with the budget caused by the decline in oil revenue deficit.
Millionday: NOTE --A SENIOR DELEGATION FROM THE WORLD BANK WILL BE IN IRAQ THIS WEEK TO WORK WITH IRAQ SO THAT THE BUDGET IN ITS FORM WILL WORK AND ALSO TO ASSIST TO MINIMIZE THE DEFICIT
AND ALSO BE SUCCESSFUL WITH IT IN PLACE IN THE BEGINNING
Millionday: The source, who spoke on condition of anonymity, said "Iraq affected the price of oil down because a main source, adding that the delegation would discuss with Iraqi officials to help the Iraqi government to Saad budget deficit.
This "financial Iraq have been hit hard by the drop in oil prices, at a time when the government is facing a rise in military spending because of the war waged by terrorists to organize Daash" .
Millionday: SO OBVIOUSLY BOTH A DEFICIT AND THE COST OF WAR AT THE SAME TIME WITH NEW REFORMS AND ECONOMIC POLICIES IS NOT THE BEST SITUATION
SO THE EXPERTS ARE ON THE WAY AND ALSO SOME OF COURSE ARE PRESENT
Milllionday: NOTE -- I HAVE MORE ON THE SUBJECT OF THE WORLD BANK VISIT --
Millionday: THIS IS SUCH AN EXCITING TIME -- WITH SO MUCH BEING ACTIVATED AND SO MUCH NEWS -- IT IS A HUGE WEEK --
Millionday: NOTE -- REMEMBER THAT IT IS VERY IMPORTANT TO PROTECT THE INTERBANK MARKET EVERYONE
cjquade54: J\Can you please bring the report where they said they are activating reforms relating to your opening statements
Millionday: I WILL HAVE TO FIND IT -- IT WAS IN YESTERDAY`S NEWS AND ALSO THE DAY BEFORE SO WHEN I RUN ACROSS IT I WILL BEING IT IN FOR YA HUN
Millionday: YES -- WE HAVE THE INK ON THE ANNOUNCEMENT -- IT IS IN NEWSTIME OF THE PAST TWO DAYS BUT I WILL TRY TO FIND IT IF I HAVE IT STILL UP
Millionday: (MORE ON THE WORLD BANK AND THEIR PRESENCE)
Millionday: Centered economic seminar held by the World Bank in Baghdad and attended by the "morning" about overcome the current liquidity crisis and how they can from which to provide optimal support for Iraq and taking into consideration the priority to rebuilding the liberated areas experiencing a shortage of services and problems in the housing, and was held in the presence of World Bank Vice President for the region Middle East and North Africa Hafez Ghanem, a large number of experts, researchers and those interested in economic affairs.
Millionday: NOTE -- A SEMINAR WAS HELD THIS MORNING AND THIS IS ABOUT THE LACK OF OR CRISIS IN THE AMOUNT OF LIQUIDITY THAT IS HELD IN THE BANKS -- LIQUIDITY AMOUNTS ARE AN INTERNATIONAL COMPLIANCE ISSUE (BIS) -----
AND IT IS THE AMOUNT THAT WE DISCUSSED THAT MUST BE IN THE BANKS ACCORDING TO THE % GIVEN (I BELIEVE IT IS 30% BUT COULD BE WRONG) SO THAT THEY HAVE IT IN CASH OR COLLATERAL (LIQUIDATED WITHIN 30 DAYS) TO COVER CUSTOMERS CASH REQUESTS FOR THEIR ACCOUNTS ----
Millionday: THIS IS EASIEST UNDERSTOOD IF YOU RELATE TO IT AS WHY THE BANKS FEAR A "RUN ON BANKS" -------- THE CORRECT AMOUNT OF LIQUIDITY IS ONE OF THE THINGS PROTECTED TO ENSURE THEY CAN BE A PART OF THE INTERBANK MARKET
Millionday: NOTE -- THE % COULD HAVE CHANGED AND THE TIMELINE AS WELL -- BUT THE CONCEPT IS WHAT IT IS REFERING TO --
Millionday: He said World Bank Vice President Hafez Ghanem, to the desire of the bank to work with Iraq to support the budget, explaining the mechanism of this support through the provision of loan is repaid during 35 years with five additional permit-year interest rate of up to 1.5 percent only making it one of the soft loans in terms of conditions and facilities compared to what provided by banks and private institutions.
Millionday: NOTE -- THE WORLD BANK WANTS TO WORK -- WITH -- IRAQ TO HELP SUPPORT THE BUDGET THROUGH A LOAN ACCORDING TO THIS REPORT THAT IS REPAID WITHIN 35 YEARS WITH INTEREST UP TO 1.5 %
Millionday: READ EVERY WORD>>>>>>>>>>>>>WHOOOOPOW >>>>>>>>>>He said Ghanem said the agreement concluded to give Iraq the first two loans of quick loans to support the reconstruction and provision of services to areas liberated process and expressed the hope that the private this loan,
ready funding be during the month of July of this year, as will be allocated second loan to support the budget and will determine the amount and the mechanism of payment in accordance with the the actual need of the country for the loan.
Millionday: NOTE -- THE FIRST AMOUNT IS EXPECTED TO BE DONE IN JULY OF THIS YEAR AND THE SECOND TO SUPPORT THE BUDGET AS THEY PROGRESS OBVIOUSLY ---
SO THE KNOWLEDGE SHOULD BE AVAILABLE IN JULY ABOUT WHAT IS NEEDED IN THE BUDGET AND THE ONLY WAY THAT CAN BE OBTAINED IMO - WOULD BE FOR THE FUNDS TO HAVE BEEN FUNDED --- SMILE
_firefly_: Now where have I seen this before?
Millionday: NOTE -- THIS REPORT IS FULL OF ANSWERS AND ALSO MUCH NEEDED INFO -- SO LETS LOOK AT IT ALL AND SMILE
Millionday: FIREFLY -- LOL
Millionday: World Bank official said Iraq's ability to take advantage of this loan and repaid on time especially as he is a rich country has the resources and good things what makes it worthy to pay it,
pointing to the possibility of the development of agricultural, industrial and service sectors as well as the attributes of the oil wealth, not to mention the importance of regional and international Indicating that all of the foregoing can build an economy and institutions have a positive impact on the entire region.
Millionday: NOTE --- WHAT MAKES IT WORTHY TO THE WORLD BANK TO PAY THIS TO IRAQ ?
IRAQ IS A RICH COUNTRY AND HAS THE RESOURCES AND GOOD THINGS TO MAKE IT THAT WAY -- WHOOOPOW – ‘
AND THE DEVELOPMENT OF AGRICULTURE, INDUSTRIAL, AND SERVICE SECTORS AND THIS DOES NOT EVEN INCLUDE THE OIL AND THEIR IMPORTANCE IN THE GLOBE AND THE REGION WITH THE ALL OF THE FOREGOING OF BUILDING THE ECONOMY ---- AND INSTITUTIONS THAT ARE POSITIVE FOR EVERYONE -- GLOBAL AND THE REGION ---
Millionday: NOTE --- NOW HOW COULD IRAQ HAVE A POSITIVE IMPACT IN THE GLOBE WITHOUT AN INTERNATIONALLY RECOGNIZED CURRENCY AND A MARKET ECONOMY ? --- THEY CAN NOT !!!!!!!!
Millionday: NOTE -- WE ARE GOING TO LOOK AT ALL OF THIS BECAUSE --- THIS IS FROM THE WORLD BANK AND ALSO -- THIS IS FROM THE WORLD BANK -- AND THIS IS AN ECONOMIC EVENT AND A BANKING REFORM PROGRAM OF DEVELOPMENT
Millionday: AND BECAUSE IT IS A --- WHOOOPPOWW REPORT -- LOL
Millionday: And the reality of the private sector, local Ghanem two things hamper to some extent the World Bank's activities to assist in the development of this sector, the first security problems in some areas accompanied by poor infrastructure necessary for private sector projects,
noting that the role of the Bank is to invest in infrastructure and the financing of various projects In this aspect Mrtiaa The development of the country will get through the development and private sector development.
Millionday: NOTE -- THE HEART OF ANY COUNTRY`S ECONOMY IS >>>>>>>THE PRIVATE SECTOR <<<<<<<
Millionday: SO SECURITY IS AN ISSUE OF GREAT IMPORTANCE -- HENCE THE INTERNATIONAL COALITION AT WORK
Millionday: Ghanem and the readiness of the bank to work on the development of areas affected by the problems in infrastructure and a rise in the unemployment rate, pointing out that the basis of their work is centered in areas that suffer from problems in order to prevent aggravation.
Millionday: NOTE -- THEY WILL BEGIN WHERE THE PROBLEMS ARE THE WORST TO TRY TO AVOID CIVIL UNREST
Millionday: He concluded Ghanem to say, the loans provided by the World Bank to Iraq has achieved some of its objectives, adding it was too early to say that it had achieved its objectives in full such as economic growth and employment and to promote stability in the country,
pointing out that the meetings held in the past two days between each of the the Ministers of Finance, Planning and Iraqis and representatives of the World Bank is to demonstrate the workflow according to how the right economic and priorities supported by the World Bank and
Millionday: NOTE -- THE MEETINGS IN THE LAST TWO DAYS (TO CONTINUE) WERE HELD CONCERNING THE PRIORITIES AND HOW THE FUNDS WILL BEST BE APPLIED
Millionday: NOTE -- THEY ALSO DISCUSSED WHAT WILL OCCUR IF THE FUNDS ARE NOT ENOUGH TO ACHIEVE WHAT THEIR GOAL IS IN THE AFFECTED AREAS -- HOWEVER THEY HAVE NOT STATED WHAT THEY WILL DO OTHER THAN HAVE ANOTHER MEETING ETC
Millionday: The prime minister d. Haider Abadi, the World Bank has called for work with the provinces of Basra, especially for development and reconstruction, and between that Iraq wants to build a healthy economy depends on the strategic vision far.
quicktolegit96: So what does all this mean? IYO JULY for what... Your thoughts...
Millionday: QUICK -- THIS MEANS THAT THEY ARE GOING TO HAVE TO OPEN THE BUDGET TO BEGIN CONTRACTS AND CONTRACTED FUNDS FOR CONSTRUCTING AND REBUILD IN THE IMPACTED AREAS AND FOR ADVANCEMENT IF THEY ARE GOING TO BE WORKING WITH THE WORLD BANK TO FUND THEIR AGREED UPON PLANS
Millionday: QUICK >>>>>>>> ready funding be during the month of July of this year-- THIS WOULD NOT MEAN JUST THE FUNDS FROM THE WORLD BANK WITH BUDGETED PLANS FOR IRAQ`S 2015 BUDGET FOR CONTRACTS ETC AS WELL
cjquade54: makes me wonder if they are being forced into loans ... the PTB like to keep us all in debt
Millionday: IT APPEARS THAT THEY ARE GOING TO HAVE SOME LOANS ACCORDING TO THE INK –
HOWEVER THEY ARE STARTING IN A MUCH BETTER ECONOMIC POSITION THAN SOME EXPECTED WITH SO MANY YEARS GONE BY WITHOUT A MARKET ECONOMY OR EVEN WITH THE EXTREME LACK OF MARKET ECONOMY AND PRODUCTION FOR SO LONG ---
larrykn: so they have to open the budget before July to do that right
Millionday: ACCORDING TO THIS REPORT IT IS THE PLAN -- SO LETS HOPE AND CROSS EVERYTHING THAT IT REMAINS AND IS PART OF WHAT WAS MOVED UP TO EXPEDITE EVEN -- SMILE
beth Millionday: And don't they need a reality rate in order to open the Budget?
Millionday: BETH -- THEY HAVE BEEN GIVEN THE IMF LIST OF DIRECTIVES -- THE INTERNATIONAL EQUATION TO BE CALCULATED --
THIS WOULD DETERMINE THE GLOBAL INDEX PRICE FOR THE DINAR AND THEREFORE THE CURRENCIES OF THE GLOBE AS WELL -- SMILE WHOOOPOW
Comments may be made at the end of Part 2 Thank You