Millionday News 4/19/15 Part 1
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Millionday: Office source said House Speaker Salim al-Jubouri, Sunday, that the latter currently hold an expanded meeting with the EU and the US embassy and the United Nations representatives in the House hospitality Baghdad.
Millionday: NOTE -- AN EXPANDED MEETING WITH THE UN----US--- AND THE EU ---
Millionday: The source told / information / The "House Speaker Salim al-held, currently, an expanded meeting in his guesthouse, with the Ambassador of the European Union I Hapaschkova and US Deputy Ambassador and the German deputy head of the UN mission,
in the presence of representatives from the provinces of Mosul and Diyala, Anbar and Salahuddin and representatives from the Ministry of Interior, Commerce and Health and National Security. "
Millionday: NOTE -- THIS IS ALSO WITH REPRESENTATIVES OF COMMERCE (BUSINESS) --- HEALTH -INTERIOR-SECURITY-AND HEALTH --
Millionday: The source added that "the meeting was to discuss security and economic conditions experienced by Iraq, and especially the UN relief efforts for displaced people,
which has become a major crisis of them suffering of the Iraqi state, and need to be concerted efforts to avoid them and alleviate the burden of the displaced families."
Millionday: NOTE -- THE UN IS STRONGLY PUSHING FOR PEOPLE TO GET BACK IN THEIR HOMES –
WE HAVE SEEN MULTIPLE REPORTS ABOUT MANY COUNTRIES WILLING TO HELP AND ALSO IRAQ`S POSITION --- BUT THE PUSH IS ON NOW TO GET IT DONE -- ACTION NEEDED
Millionday: Displaced during the past two days thousands of families from the city of Ramadi, after an attack cowardly gangs "Daash" criminal unleashed on the city, and the majority of them arrived in the capital Baghdad, prompting clarion year to help them and quartered
Millionday: SO AS WE CAN GUESS AND SEE HERE -- THE AMOUNT OF DISPLACED FAMILIES HAS RISEN ALOT --- AS EXPECTED AND THEY ARE ALSO IN AND NEAR BAGHDAD --
Millionday: Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account as well as the Special Drawing Rights and the issuance of foreign bonds and bonds of public debt and treasury remittances .
Millionday: NOTE -- THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR
Millionday: In this context, the economic Alschar Prime Minister Dr. said the appearance of Mohammed Saleh, said that the Ministry of Finance the process of issuing Hawwaladtha cover the deficit through internal and external borrowing,
indicating that the assets retained in the account of the Ministry of Finance in 2014 and according to the budget in 2015 amounting to three billion dinars law.
He explained in a statement to the "morning," said the Special Drawing Rights amounted to two billion and 98 million and 800 000 dinars, and the amount due to issue a Eurobond 7 billion dinars, while the amount of the issuance of public debt bonds by the legal reserve banks 6 billion dinars.
Millionday: NOTE -- THE SDR IS THE BASKET OF CURRENCIES ---
Millionday: bond plan is expected to announce that the Ministry of Finance's annual plan for the issuance of Hawwaladtha current year soon as watching economic circles launch these bonds as play a role in easing the proportion of the budget for this year's deficit.
and see specialists that domestic borrowing bonds and remittances reduces the need for external borrowing as well for the interest on foreign loans ratio (International) would be great,
despite the length of repayment, while borrowing from the inside is available and accessible to the presence of large Aktnazac is invested in the private sector. examined the Ministry of Finance last week, with (Citibank) CITY BANK and senior bank adviser The Director General of the Bank Deutsche Bank.
Millionday: NOTE -- THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND --- THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY ---
AS WELL AS THE INTEREST ON THE FOREIGN LOANS ---- THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL --- WHOOOPOW
Millionday: Additional resources and meeting was attended by Governor of the Central Bank, the senior adviser to the Ministry of Finance was emphasized Iraq's desire to find additional financial resources to the state treasury to cover the deficit, the government plans and the Ministry of Finance,
as part of their actions precautionary, to resort to the issuance of government bonds in the market for funds worth five billion dollars to ensure continued commitment Bayevaouat operations toward staff
and a network of social protection, health and medicine and to support the war effort against the "Daash."
The Finance Minister Hoshyar Zebari had said earlier that Iraq has decided to international bond issue worth five billion dollars and is negotiating with banks on the conditions.
Millionday: NOTE -- THE MEETING WAS ATTENDED BY THE CBI GOV (NOT NAMED) AND MOF-- TO TRY TO COVER ALL THE DEFICIT THROUGH RESOURCES---
THEY ARE TO USE THE BONDS TO ENSURE FUNDS IF NEEDED FOR MOSTLY THE WAR EFFORT AND IS WORKING WITH BANKS TO DO JUST THAT --
Millionday: Zebari said a number of journalists in Washington that "Iraq is seeking to issue international bonds worth $ 5 billion, and we are negotiating on it with Citibank, Deutsche Bank,"
noting that "we have a green light from the government that we need it."
He added that " The government is facing a deficit of $ 25 billion in the current year's budget,
which amounts to almost $ 100 billion, "he said, adding that" Iraq is also considering a request emergency funding ranging from 400 million to $ 700 million from the International Monetary Fund. "
Millionday: SO THEY ARE NEGOTIATING WITH -- CITIBANK AND DEUTSCHE BANK TO ISSUE THE BONDS --- WHOOOPOW
Millionday: THEY HAVE A ------GREEN LIGHT --- TO GO AHEAD WITH THE BONDS -- SMILE
Millionday: LOVE IT -- GREAT MEETING --- ALL ABOUT THE REFORMS TO MOVE FORWARD WITH THE BUDGET AND ECONOMIC HEALTH
mudder: Is not the deficit 25 Billion (USD)??? Many reports have said the same??? 25 Billion Dinar isn't much.... It's maybe what Maliki stole every week being in power....lol
Millionday: IT IS 25 BILLION US DOLLAR --- WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR
Millionday: ISNT THAT STRANGE ? SMILE
cjquade54: For them to borrow from SDR they will need to peg to the SDR basket of currencies YES?
Millionday: NO THEY WILL NOT HAVE TO BY WHAT I HAVE BEEN ABLE TO FIND SO FAR AND I HAVE BEEN LOOKING -- I HOPE TO HAVE SOMETHING IN ANOTHER REPORT THAT MAY STATE MORE ON THIS
CanTWaitwoRV: euro bonds/foreign bonds
CanTWaitwoRV: based on the definition of both it sounds like they would need to have some sorta rate for both?
Millionday: THEY ARE TO GIVE ALL INFORMATION ON THEM VERY SOON THEY STATED AND ARE WORKING WITH BOTH BANKS ON ISSUING --- THEY HAVE ANNOUNCED HERE THAT THEY HAVE RECEIVED THE ----GOV GREEN LIGHT ---
jtank: why reval if they can keep borrowing-?
Millionday: THEY ARE DECIDING HERE IF THEY WILL BORROW FROM THE IMF AS OFFERED BUT HAVE DONE ENOUGH TO ANNOUNCE THAT ---- THEY NEED ....>>NO<<<< EXTERNAL BORROWING -- WHOOOPOW
Millionday: The US Treasury Department is ready to support the plans and programs of the Iraqi government's economic.
Millionday: NOTE --- WHOOPOW
Millionday: A statement by the Iraqi Ministry of Finance released today received by all of Iraq [where] a copy of the "Finance Minister Hoshyar Zebari attended yesterday evening at dinner invitation and discussion organized by Citibank Foundation [CITY-BANK] and the presence of US Treasury Secretary Laurent Somrez finance ministers of Ukraine, Peru and the Philippines , Jamaica, Jordan, Saudi Arabia and a representative of the European Union. "
Millionday: NOTE -- OBVIOUSLY A HUGE MEETING THAT WE WOULD ALL LOVE TO BE PART OF ---
Millionday: NOTE -- ALL ARRANGED BY --- CITY BANK
Millionday: READ EVERYWORD >>>The statement pointed out that "During the meeting, they reviewed the global economic trends and the effects of political changes and Regional political and financial situation of the countries in the region."
He said US Treasury Secretary to Zebari, according to the statement, "his willingness to provide support and assistance required for the work and plans of the Iraqi government programs,
Millionday: SO THE US TREASURY HAS ANNOUNCED THAT THEY ARE WILLING TO SUPPORT ALL WORK AND GOV PROGRAMS –
THIS WOULD BE THE DEVELOPMENT OF THE REFORMS ----THEY DISCUSSED THE GLOBAL ECONOMICS AT THIS MEETING
Danalivin4HIM: What kind of support are they talking about? loans?
Millionday: I WOULD NOT THINK JUST LOANS ---- I WOULD THINK IN ALL THEIR PROGRAMS --- INTERNATIONAL PROMOTIONAL WORK AND BANKING SUPPORT -- ETC ---
Millionday: BUT --- THE INK DOES NOT TELL US
Millionday: SO NO INK ON WHAT
maine: would that include military as they have already done? so more of the same?
Millionday: THIS MEETING IS TOTALLY ECONOMIC THAT WE ARE SEEING RIGHT NOW
Millionday: Economic analyst said Laith satisfaction, on Saturday, that Iraq has the opportunity to conduct an economic maneuver in the global market in light of the slight rise in oil prices.
Satisfaction in Nasrih for "here Karbala," said the important and essential to address the shortfall in Iraq's revenues, especially since the past few months have seen oil production is the lack of access to export equipment that is expected to produce three million three hundred thousand barrels per day.
Millionday: NOTE -- SO THIS ECONOMIC ANALYST IS SAYING THAT -- IRAQ WOULD BE ABLE TO MOVE TO THE GLOBAL MARKET (ISX) WITH THE RAISE IN OIL PRICES NOW
Millionday: He satisfaction of being aware that this will give Iraq's biggest economic room for maneuver in the global market space,
taking into account the existence of a new party in the competition, which Iran after the urban and economic sanctions by the lift.
He continued: Iran is seeking to return to the production of natural Bmadladtha which produces two and a half per day.
Millionday: NOTE -- THEY ARE SAYING THAT THIS IS THE BEST TIME WITH IRAN UP AND COMING TO THE MARKET OR TRYING -- THERE IS ALOT OF TALK ABOUT IRAN AND THE MEETING ABOUT IRAN ON MAY 12TH
Millionday: Indicating that Iraq must take good measures and take advantage of rising prices and the development of petrochemical industries and activating the productive sectors.
Laith spoke in a recent exhibition with "here Karbala," Iraq has 4 million employees.
Indicating that all countries of the world depends to work for the production and the economic feasibility of Iraq, but it does not apply this law.
Millionday: He added: Iraqis believe he is the right of every person working in the public sphere, which is part of the guarantee of oil and the state is not necessary that the work of the lead in the state and this so-called disguised unemployment.
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