CVBC: IMF Meeting from the 11th to 13th...
CBI is attending the Meetings...
Per Team26... MR paper work signed, sealed, delivered...
Per Team26... DFI Funds picked up...
Wouldn't this the a great time to PUSH THE BUTTON!!!
walkingstick » Iraq is losing 13 billion dollars a month because of delays in the ratification of the budget
Writings….Thursday , April 10, 2014
Alaa Yousif wrote: Iraq entered the fourth month of the new fiscal year, the House of Representatives has not been able to now from the enactment of the budget, which amounts to 150 billion dollars, resulting in the disabling of investment projects and the escape of a number of foreign investors due to the absence of political stability and security in the country.
A member of the Economic Commission deputy state law Salman al-Moussawi said the fiscal budget of the country for the year 2014 amounting to 150 billion dollars, although not approved by the House of Representatives because of political differences and try to thwart the efforts of the government is causing financial loss to the Iraq amounting to 13 billion dollars a month.
added that Iraq lost to Now more than 50 billion dollars to not approve the financial budget, thus affecting the reconstruction projects of the country, and specifically on the investment budget for the foreign companies and the appointment of new staff, pointing out that he is supposed to be the financial budget ready in the tenth month of each year, except that in Iraq began the new fiscal year has not been the adoption of the budget. He explained that the executive branch has the authorization to withdraw funds from the budget in order to pay the salaries of employees and retirement. LINK
walkongstick : CBI in Washington to attend meetings of the IMF and World Bank- LINK
walkongstick : Finance: let the CBI improve the status of the dinar against other currencies LINK
Frank26: Excellent.............. Let it be so !
Walkongstick: IMF: Iraq tops the Middle East countries in GDP growth
Editor Duraid Salman - Thursday April 10, 2014 09:05 LINK
Frank26: EXCELLENT AGAIN ....... But ...... Embarrassing at 1166 ........ Wouldn't You say CBI?
Walkongstick :Financial expert: new editions of the coin challenge of fraud
Said financial expert, the appearance of Dr. Mohammed Saleh, said that "the basic functions and routines of the monetary authority (central bank) is issuing cash, and is one of its functions and therefore supervision and follow-up and ensure the efficiency of" managing the currency, "so he decided to issue a new generation (of the same coin returned from the cost effective Other) from Iraqi currency and a world-class, especially after the passage of 10 years to replace it. " LINK
Frank26: If I say Excellent one more time I am declaring the RV as official !!!....
walkongstick : The appearance of Mohammed Saleh: new editions of the coin challenge of fraud
Khandan - said financial expert, the appearance of Dr. Mohammed Saleh, said that "the basic functions and routines of the monetary authority (central bank) is issuing cash, and is one of its functions and therefore supervision and follow-up and ensure the efficiency of" managing the currency, "so he decided to issue a new generation (of the same coin returned from the cost effective Other ) from the Iraqi currency and a world-class, especially after the passage of 10 years to replace it. LINK
Frank26: Ahhhhh?........... Hmmm ....... How do I get away with this one?
Wow........Hey Mater ........ This one real gooder too !!!
Topic: Be happy for this moment. This moment is your life. Omar Khayyam
Spein: International Monetary Fund (IMF) Christine Lagarde: huge government and bank debts risk new financial
Head of the International Monetary Fund Christine Lagarde issued a warning to world leaders on Thursday that they need to do more to deal with huge government and bank debts that continue to drag on growth and undermine the stability of the financial system.
Ahead of a set-piece address at the organisation's spring conference in Washington, Lagarde said leaders need to co-operate in their efforts to repair government and bank finances to protect against a repeat of the 2008 crash.
Lagarde also vented her frustration at persistent delays to the IMF's own reform programme, which was agreed in 2010 to increase representation from developing nations but has yet to be implemented.
She described the delay as "utterly disappointing" and pledged to press ahead "to ensure the continued legitimacy, relevance, financial strength, and effectiveness of the Fund".
The warnings against complacency echoed a report earlier in the week by the IMF that chastised Brussels for failing to put in place a financial lifeboat capable of rescuing more than a few small banks.
The financial stability report also highlighted concerns at the rise of risky investments in the US and difficulties faced by emerging economies destabilised by huge outflows of funds. Low inflation in the eurozone was also a concern, especially as it could herald a downward spiral of low growth and declining real wages, feeding on each other.
She said: "Creating a more dynamic, job-rich global economy remains our collective goal. For this, policymakers should manage the recovery more actively and reinforce their co-operation to minimise negative spillovers and promote financial stability."
The IMF wants to encourage policymakers in Europe, the US and Japan to consider deeper reforms to their labour markets and regulations that restrict trade. The broadly free-market agenda is designed to open up markets, spur growth and generate jobs.
Lagarde said: "Overall, global growth is projected to improve further in 2014 and 2015, although remaining below past trends. The costs of continued sluggish growth are clear – there will only be modest income gains and gradual reductions in unemployment."
While the UK and the US have forced their banks to bolster bank balance sheets and put in place mechanisms to deal with institutions that fail, the eurozone is lagging.
She said: "In the euro area, a common fiscal backstop remains missing.
While several banks have improved their capital ratios, including through raising fresh equity, balance sheet repair remains incomplete and fragmentation persists."
KBoom: Thanks for the post. I can pick out several 'signals' that may be applicable to our RV!
OK - let 'er rip!
Get1Later: We'll it sounds like the RV / GCR will definitely Benefit the World Economy..... So WHY ARE THEY STILL WAITING to Pull The Trigger!!!
[freeway2] She said that Countries are in bad shape, but we will fix them. I thought that was interesting considering what we know is going to happen.
[waitinandhopin] freeway2 well unless they truly are smoke screening they could take years to levelize the world's economies
[Sallypuff] owaitinandhopin - She followed the plan. Said enough so later it can be said we were informed of what is going on. It is covering the butt for those who will say why wern't we told about the Dinars and other currencies being revalued.
[freeway2] Sallypuff Exactly.
[walter-bs] Sallypuff I missed it, what phrase did she use?
[Sallypuff] walter-bs - I didn't take any notes. In essence she said we should not do finger pointing, don't do the blame game, I believe she stated there has to be a level playing field. She was purposely vague. She knows how to measure her words. I am sure here comments will be repeated somewhere today.
[walter-bs] the only thing I heard CL say today on bloomberg was US needs to do more
[Rocco] walter-bs .......I heard CL say at the IMF meeting " Rebalancing is happening at the moment"
[walter-bs] Rocco ooohhh good one.... me like it
[walter-bs] yeppers.... I think I hear bank doors opening right now grin
[shane] CL is back on at 2:00