Millionday News 6/1/14 Part 2
Welcome To Sunday Night News Time With Millionday!
millionday] here we go this is huge and is titled the FUTURE -- SMILE
[millionday] Yasser incumbent struck me see Analytical correct about the future directions of the Iraqi economy by Iraqi Commercial Attaché in Washington DC. Nofal Abu Barns Hassan in page views of the morning on 05.21.2014 to the contents of the reading closer to the course of things that passes Bhaaqtsadna National.
millionday] note -- this is from the economic plan for Iraq
[millionday] were oil revenues the focus of the subject and present certainly which is expected to reach 5 trillion dollars in the course of the year 2035, according to estimates by the global energy where the foundations of the writer to see in the light.
has focused Barns on the issue is very important concerning the management of the money that the requirements modernization of the system of financial, administrative and qualitative change of Bending legal and rehabilitation of new generations of cadres capable of managing the requirements of Iraq as a regional power and as an economic player is mounted in the energy markets and called indispensability put a government program bold economic reform, and
[millionday] note -- this means that Iraq is depended on entirely for the new energy market with their reforms and also the global energy changes
[millionday] concluded by saying we need to move from the cases of "diagnosis and propose solutions" to the stage "to speed up implementation." Well ..
We will start from where it has ended, I've filled the bookshelves ministries and economic centers of the proposals and solutions without avail, did not leave economists state single treatment in the dictionary economic Walla Trkoha, meaning that the decision-makers and those responsible for the economic file in front of them mattresses wide range of diagnoses and proposals for solutions, what They only implemented to address the distortions and imbalances suffered by the economy.
[millionday] note -- this is meaning that all the resolutions that are necessary at this point are being addressed by the US experts (economic) through resolves and and diagnosing the issue and the solution --
millionday] note -- remember the result on the global economy the isx and such a huge trade hub and oil producer will have on the globe and its need right away to keep us all from another recession or at least from not moving with energy as our salvation to the economic condition we have found ourselves in
[millionday] eight any approach intersects with the transition of these will face significant challenges both at the regional level Awalaalmi because everyone rode the wave of transition from a dictatorship to a free economy, that of the This is contrary to the program Sictoa fire of the consequences of globalization,
which turned the balance of economic theories and he obeyed them most, if not all the countries of the socialist camp and those experiences fastened on to pursue a market economy in the hardest countries in the world socialist, may be a transitional phase cause the effects of the shock of change but
[millionday] the results are quickly changing in favor of citizen provided that the reform program a deliberate and effective, according to economists, and in order to establish the economic program equal and in harmony with the requirements of the change we taking to see Abu Barns included renovation of the system of financial, administrative and change legal frameworks and qualification of human resources to realize their responsibilities in the role expected Iraq to be a strong player and regional power economic effective between the nations.
[millionday] note -- this is talking about the prepared condition of all reforms and of course again tells us the huge position that Iraq will hold in trade and of course economic resolve for the globe
[millionday] whether this trend is true, then the leadership of the economic file new find substantive solutions ready for all the challenges and problems facing transition and change,
and they just speed up the implementation and Enough burning stages and the loss of opportunities and we move towards tomorrow economic bright texture potential and wealth of Iraq and its index forecast of the world's future Baherbantzarh.
millionday] so as we see -- they are stating at this time that the change that Iraq represents is huge for all of the globe and of course for them as well -- during the massive press conferences they have informed the citizens of what is to come and they have also now informed it would seem the globe that they are in a hurry and are dependent --
[millionday] huge WHOOOPOW
[ggrr] Iraq has so many open options to easily become the next DUBAI
radronin] Comment- sounds like they are ready & here we come!!!
[scottiegirl] radronin I know I am!
[millionday] it sure does sound very encouraging -- ok brb with more smile
[millionday] here we go with a report about the new aid with the cooperation of the Federation of Chambers of Commerce (US)
[millionday] Unemployment is one of the most complex problems facing the Iraqi economy that resulted from the disruption of many of the productive sectors as well as population growth, which requires a combination of all the efforts and the preparation of plans and development programs to reduce this crisis and what consequent implications.
this stature talk by "morning" the secretary-general of the Federation of Chambers of Commerce Abdul Hussein blessed, saying project seeks (opportunities), which was held in collaboration with the Federation of Chambers of Commerce and funded by the U.S. Agency for International Development (USAID) and implemented by Family Health International to eradicate unemployment.
[ggrr] IRAQ as a whole as all it takes and more to reach the pinnacle of countries they just need to step it up
millionday] note -- this would of course come from projects of investment -- lets read on
[millionday] added that this project aims to run the largest number of manpower to the companies working in Iraq according to a specific mechanism includes forcing these companies employ qualified workers to reduce unemployment and strengthen the role of the private sector, which is still suffering,
pointing to the importance of taking his hand through the development of strategies, as well as about the need for faith to hold economic variables, which aims to move the Iraqi economy to a market economy.
[millionday] note -- moving to a market economy requires the private sector --- so this is now a huge benefit to us which we knew but it is now transparent -- that is huge
[millionday] Among blessed that through the project (opportunities) can identify the skills and qualities of the workforce and to provide job seekers with the skills required and directed towards vacancies.
noted that World Bank statistics indicate that the percentage of Unemployment in Iraq, more than 50 percent of the forces capable of operating with results indicate the survey conducted by the Ministry of Planning and Development Cooperation in collaboration with the Ministry of Labour and Social Affairs that the unemployment rate in Iraq stood at 28.1 percent while indicating non-official that the unemployment rate 40-60 percent .
[millionday] note -- that is a huge % when you use the calculation that we use to come to that official figure
[millionday] Regardless of the conflicting figures, the economic theories suggest that if the unemployment accounted for 15 percent of the manpower capable and seeking work, it threatens the existence of a real crisis in the absence of finding a formula for cooperation between the government sectors and the private sector to cope with it.
millionday] so with the help of manpower internationally and also the training that will come from it for individual employment and also the gain of having a higher % of employable people with that training –
this is showing us the huge need for a rush to keep Iraq moving forward right away to a market economy -- WHOOOPOW -- GREAT NEWS!!
[graylnjo] If the reality rate appears at say .86 or 1.13 will it be exchangeable at that rate world wide instantly or just in Iraq?
[millionday] it will be the exchange rate that you would get as if you were traveling and will be global
[radronin] MD- more of a comment- After reading these articles you brought in this evening, it really appears that the Economic side is really separate from the Governmental side... & is moving like a Freight Train IMO!!!
[millionday] i can see what you mean as far as it being separate but the issue of political security is also an issue and they have gained the respect of democratic governing through this vote that went forward with just Iraq at the helm ---
they showed their ability to gain and hold political resolve and they have also shown what they have learned -- how to not get much done when parties disagree and also how to use propaganda to their advantage –
joke -- smile -- but yes having confidence and stabilty within the government was needed so with all we are seeing -- they must be showing stability
[Pablo] Are they still waiting to see who the next PM will be before RVing?
[millionday] i have not seen that they are waiting for the PM to be named for anything economical so i dont know hun
millionday] here we go -- this is a report on the change that comes from the lifting of protection and what they will do now
[millionday] House of Representatives optimism toward the U.S. decision on the lifting of the immunity of Iraqi funds, and calling him a positive step.
was the United States' commitment to the protection of Iraq's money and his assets have been proven in the partnership agreement of strategic signed between Iraq and the United States year 2008.
was also renew protection the American money for two consecutive years due to end next month.
says MP Ali Fayad: "The lifting of the immunity of Iraqi funds deposited in U.S. banks is a positive step being subject to the control of the concerned authorities in Iraq," and urged the Ministry of Finance and the government to protect these funds from international claims.
[millionday] note -- the US protection of the Iraqi funds ended May 22nd give or take a day or so due to the confusion or discussions and now we see that the strategic framework agreement protection with US funding protection ends end of june
[millionday] "emphasizes hospitality in a special permit" for the morning, "The lifting of the United States of the immunity given the right of Iraq to be primarily responsible for the protection of his money and defend because it is the rights of the people and as a nation free in their dealings to be completed, this file is sound ", as demanded by Fayad,"
all relevant ministries to perform their role according to their respective responsibilities in the defense of this money to adopt the style of scientific planning systematic decode recorded from any future claims by creditors Omtalpin compensation.
[millionday] note -- Iraq is to have their own plans and their own agreements -- also all strategic framework agreements will then be implemented in full due to the statement made here
[millionday] note -- these next parts have a lot of info for us
[millionday] He points out that "the Iraqi money has become clear to the United States being kept in special accounts and collect revenues from the export of oil and pour in the calculation of Iraqis are deducting 5 percent compensation to Kuwait and the remainder enters the expense of the Iraqi government and under the supervision of the Central Bank of Iraq."
draws Fayad attention to "The international laws, especially the American states that any money is listed as the bank is registered with the U.S. central bank to become immune to being neither money commercial or speculative stocks,
but is money to protect the national economy of the State and therefore not subject to the decisions of the courts or the claims of creditors who are demanding debt dating back to the before the year 1990.
[millionday] note -- that is a great explanation of how it was protected through international law
[millionday] Which were settled mostly in 2006. " to that warns MP Abboud al-Issawi that "lift the immunity of the U.S. came indispensable step and Iraq must bear responsibility and take action as it deems appropriate on them,"
calling in a statement for "morning" to be the central bank's active role in the protection of Iraqi funds and work to get rid of the heavy consequences of past legal ways in addition to activating the diplomatic effort.
" He stressed Issawi "on the need to follow the government's legal steps to keep the money and work through the Ministry of Foreign Affairs and relevant ministries accurately and not left vulnerable to the claims of creditors assuming."
[millionday] note -- Iraq must handle all the funds as their ministery departmental responsibilities prescribe
[millionday] and the box-shaped protection of Iraqi funds under UN Security Council Resolution 1483 to protect Iraqi funds from international claims after the events 2003, as the United States announced mid last year,
agreeing to extend the protection of the money deposited in the Development Fund for Iraq for another year. hold to lift the immunity, MP of quitting to appeal to the concerned authorities "to speed up the formation of joint committees of the foreign and finance ministries and state institutions concerned to work to devote efforts in order to keep the money,
"and describes Zamili lift the immunity of the U.S. as a" positive step allows for Iraq the ability to protect the money of his people himself through legal means, without the intervention of any of the states, "he continued,
millionday] that the central bank can be the supervisor for the money and Hrzha and how to keep by the owners of weak souls. " and sees the National Alliance MP Abbas al-Bayati, "The lifting of the immunity of Iraqi funds do not pose a threat to the country's economy," he said in a statement the "morning" that "Iraq needs to law firms sober and effective in order to answer any
[millionday] note -- very strange way to put it that they need to be sober -- a little offensive with that translation
[millionday] allegations debt or claim compensation illegally across international courts, "he said, adding that it was" an essential step on Iraq that seeks to preserve and defend his money.
" He Bayati to "the importance that takes Iraq's effective role internationally because it is a sovereign state, expressing praising the role of the United States and its contribution to the protection of Iraqi funds throughout the years that followed the fall of the dictatorial regime."
[millionday] note -- as it was appreciated and successful -- the move to not extend adds trust and respect for Iraq to be a sovereign state -- very important
[millionday] The central bank governor, Abdul-Basit Turki search late last April with Fed American Multi Iraqi Central Bank reserves and the protection of Iraq's money.
indicated that Iraq has met its obligations subject of debt and paid a large part of them, as there are countries that extinguished the debt by 100 percent, Kalamarat and the United States, under the Paris Club abstained Gulf states for delving into the issue of settlement or extinguish the debt.
millionday] draws experts attention to the issue of compensation is settled through the allocation of 5 percent of oil revenues and is continuing until now, reminding that Iraq paid more than 110 billion dollars in compensation included countries, companies and people from different countries of the world were the largest share of them to State of Kuwait.
[millionday] so with the announcement from the gov of CBI (Turki) -- they have made it clear of how they have kept their word and proven that agreements can be made with Iraq and they keep and respect the agreements due to the results he announced of such great results in payments made
Pablo] So, aside from making sure the budget is ready for the RV, what are they waiting for?
[millionday] i dont see that they are waiting for anything in ink -- i dont even see according to the statement by the gov of CBI , Turki that they are waiting on the budget so without anything in ink or by press statement -- i cant say that they are waiting on anything my friend
[scottiegirl] 8:50 PM Are they waiting to be sure Maliki is out for good??
[millionday] no i dont see anything that states they are waiting on maliki to be out for good -- in fact all he is would be a chair with a democratic country -- anyone can fill it -- the party that was to win should have been the most important to the country --- as it is here
Pablo] Okay, so the next obvious question is, if they are not waiting for anything, why haven't they done it yet?
[shiek] Power sharing, love it
[jtank] wowzer MD
[Pablo] I can see needing to wait till the sanctions were lifted, but now...
[millionday] the date that is set for this huge event as they called it would be also set imo -- we are trying to find out the entire list as it gets done -- we dont have the date but they seem to be saying that they are working on moving iraq to a market economy