Millionday news 6/19/13
millionday] Economists called the Iraqi Central Bank to prepare from now to take file protection of Iraqi funds in banks in the United States of America and to take appropriate action to close this file and restore the sovereignty of the country's money.
U.S. President Barack Obama announced the middle of last month to extend the period of legal protection for the Development Fund for Iraq and some other Iraqi assets in the United States of America.
And shape Iraq Hamaihalamwal Fund DFI under UN Security Council Resolution 1483 to protect Iraqi funds from international claims after the events of 2003, and since that time, Iraq requested extension of protection to his money because undergoing Chapter VII of the UN Charter.
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[millionday] Economic and academic called Essam because the central bank is poised and since now directly own procedures to close this file and return the money to the Iraq or transferred to other foreign banks under the supervision of the government to protect them from foreign claims.
He said in a statement (morning) that it is not reasonable to the survival of Iraqi funds of this size in the outer banks for a longer period, pointing to the need to seek to remove Iraq from Chapter VII and regain control of his money again. He pointed out that the central bank is able to protect the funds from external creditors claims he has a good experience and competencies.
[millionday] note -- the call for the return of the actual money in the accounts here and return to iraq
millionday] He pointed to the need to take measures and precautions of a new potential creditors after the transfer of funds to Iraqi sovereignty because there are demands illegal and fraudulent central bank must pay attention to them.
For his part, member of the Parliamentary Economic Commission MP Amer winner that Iraq is able to protect and control of his money when he emerges from Chapter VII.
[millionday] He said the winner told the (morning) that there are companies and institutions and people eagerly awaiting the withdrawal of Iraq from Chapter VII to demand their money and lawsuits against him.
Unlikely that Iraq would refuse to pay money to companies supported the former regime in suppressing the people.
He cautioned that such claims will be taking in accordance with international law and will resolve the judiciary proceedings in favor of the companies that have the strongest arguments, stressing the need to give this issue of paramount importance because it is Iraqi money and will benefit the people, when Iraq regains control.
[millionday] He said Iraq now need to invest this money in infrastructure projects and reconstruction, but it depends on the exit of Iraq from Chapter VII. Calling for the need to resolve this file as soon as possible because it represents the restoration of prestige Iraq represented to regain control of his money discretion placed under American tutelage, under the supervision of the United Nations for years.
[millionday] wow -- this is great and shows huge progress so that is a great whopper and is a huge sign of where we are going -- love it brb with more
faith1] so when chapt. 7 is released,, the USA releases Iraq monies,, on or about the 27th ??
[[millionday] faith1 thats how it looks hun
[millionday] Of things for granted that the absence of the private sector means the absence of creativity and speed of adjustment to market needs and provide employment outside the public sector as well as the lack of competition between the private and public sectors to the continued deterioration of the efficiency of the latter which requires government intervention to protect the public sector through financial support
and protection policy customs annual support rate is currently $ 3 billion Mini inert protect the institutions of productivity at the expense of the citizen who finds case obliged to purchase goods and services at a higher price and the quality is poor.
millionday] This is what began dean of the Iraqi Institute for economic reform d. Kamal Al-Basri in his speech for the "morning" as he said: In order to create a favorable environment or appealing to the activity of each of the private and public sector and restructure the structure of the economy as the global context should first reform of the business environment of the procedures, laws and make it a suitable environment
as well as the achievement of human development is needs Rights of basic services, especially education as it can not achieve development without the positive interaction of the citizen,
so as to ensure the rule of law and good governance of the different institutions all this is one of the requirements of the development of the Iraqi economy, he said.
[millionday] note -- the beginning of the economic reforms and that will initiate the reforms in all other areas for jobs infrastructure -- banking ect
[millionday] And goes on visual analysis of the reality of the economic policy of the country indicates, for example, that because of limited job opportunities that could be created by the public sector government is seeking to create jobs by increasing the number of employees of the police and the army
and take advantage of the surplus cash in the purchase of military equipment, as well as the adoption of returns oil on the price of oil the global market and this measure shows the country's economy to the waves of the tide, which is
[millionday] public-- meaning gov jobs and for provinces military ect ect
[millionday] reflected by the sharp fluctuations in oil revenues, pointing out that oil revenues usually benefit the cities more than rural Maysbb immigration status usually periods of time resulting in bottlenecks sharp because Inadequate supply of services in relation to demand and to social and economic problems of multiple reflected on the economic policies in the country through poor rural contribution to agricultural and livestock production and for changes in the fertility of the land and thus lead to serious losses.
[millionday] note -- meaning they will have jobs because of the actual needs that will be created by opening to the globe and supplying the resources that will benefit the country as a whole so -- naturally many jobs will be created --
millionday] note -- these reports must have the citizens jumping for joy after all this time
[millionday] In another significant visual pointed out that the agricultural sector contributes in the amount of 4.15 percent of GDP, despite the fact that arable land accounts for 20 percent of the area of Iraq and that nearly 75 percent of the irrigated farmland suffers from salinity caused by the mismanagement of perfusion
reminding The Statistics Food and Agriculture Organization of the United Nations indicate that farmland cultivated actually about 13 million acres, enough to meet the country's needs of food necessary for living 45 million citizens,
pointing out that Iraq imports about 80 percent of the local market need for food, expressing surprise at this contradiction and calling for a study of this reality and search in order to find the solutions required to benefit from the available agricultural land and originally neglected.
[millionday] note -- remember as well that kurdistan needs huge imports of food so this is great for their relations as well [millionday] more on the reform
[millionday] With regard to the industrial sector indicates the optical out that the contribution of the industrial sector in GDP is estimated at 1.26 percent of GDP with the number of plants owned by the state amounting to 192 plants employing a total of 800,000 individual
pointing out that they suffer from technological backwardness and obsolescence as well as he after 2003 suffered a lot from these projects of destruction and become most of them with technology lagging productivity and low and a financial burden on the state, pointing out that
[millionday] because of the inefficiency of these projects to achieve the revenue necessary to cover the costs of production, the government is obliged to provide support amounting to $ 3 billion
noting that the Council of Ministers issued a law to reform these institutions, but he has not been working with so far requires restructuring and privatization of these projects and the implementation of governance programs in management.
[millionday] For his part, said economic expert harmful Sbahi "morning" in the same regard, it is useful to learn more about the reality of the private sector through the study made by the International Labour Organization for micro-enterprises and small and medium-sized businesses in Iraq,
where the organization has, in cooperation with the UN Office for Project Services to conduct two surveys on the corporate sector in Iraq and the results show that there are 84.5 percent of the institutions run by individuals and 12.1 percent are managed as a company.
[millionday] note -- that is huge for the private sector -- now that looks as it should -- the people win -- love it
[millionday] The added that the scientific level of the workers in these institutions 5.6 percent Lamy 17 percent reads and writes and 31.4 percent primary education and secondary education 21.4 percent and 9.5 percent and 0.1 Graduate Graduate useful that 7.4 percent have a bank account and 90 Iraqi ,
7 percent Unrecorded institution at any point and 23 percent of the sample pay taxes and 8 percent are enrolled in the Social Development Fund, warning that these results are Atbashr well and need government support thoughtful to the private sector based on comparative advantage and
[millionday] the output of production and not inputs as well as providing training and qualification of new technology and material support bis say the importance of the adoption of these figures as indicators of the government's performance fell reconsider everything stated in these figures towards strengthening human capacity through training and rehabilitation.
[millionday] He Sbahi at the end of his speech the need to overcome the country on these challenges and reform of the economic environment and the legal and procedural in Iraq and enacting laws deferred,
which depend in encouraging foreign investment necessary and provide capital quantity and duration necessary, technological development and administrative noting that all of this will lead to human development we desperately need reference. [millionday] end of report
[millionday] wow that is what we have been saying for years red -- now with this they are saying they are moving forward with the economic reform
[ROBINREDHED] i do have a ?
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