Millionday News 9/20/13
[millionday] tonight we are going to talk about the implementation of economics and what is going on with the movement of money - our goal tonight is to make some sense about what and when
[millionday] news time and here we go >> so this first is about the need to activate all movements and projects for provinces and what is going on with funding ] this is going to allow us to understand what is going on with the money by the time we get done
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[millionday] The subject of the reluctance of the implementation of investment projects in the provinces of the most important topics that took and take ample space in the circles of governmental and non -governmental organizations,
despite the lack of budget allocations of public investment , compared to the possibilities of Finance of Iraq , it is sufficient to bring about a renaissance development relative when compared assignments financial investment by 2003, where he along with the presence of corruption and the challenges of the security situation ,
there are other aspects of the calls to stand on the real reasons behind the reluctance of the implementation of investment projects that can be addressed through the development of process controls and procedures limit
[millionday] note -- the budget money has not been opened and the reason this is saying is the fear of not enough security to protect loss of funds at the controls
[millionday] In this context, the adviser said the Iraqi Institute for Economic Reform , Dr. Ahmed al - Husseini said Iraq has a comparative advantage differ from the rest of the economies , whether regional or international , and this feature is the challenges of security and political reality , as this plays a key role in Iraq 's economic equation .
He told the (morning) that influenced this factor highlights clearly through the declining rates of growth in non-oil sectors , and high rates of unemployment , poverty, and the deterioration of the level of health and education services provided to the Iraqi citizens , and these results are reasonable when compared to the volatile security reality and political in Iraq.
millionday] note --- these are the problems that would cause corruption -- everyone is broke and the temptation is a huge worry - the slight hold back and why
[millionday] He pointed out that there are a combination of factors led to the reluctance of the implementation of investment projects in the provinces most important Spread of the phenomenon of financial and administrative corruption in state institutions which emptied the process of monitoring the implementation of projects of the real content .
Counsel pointed out that the award of investment projects in the provinces to non - solid companies , also contributed to the delay in the implementation of investment projects assigned to them , leading eventually to restore the financial allocations earmarked for these projects to the state treasury under the prevailing laws and the window.
millionday] He stressed that the high proportion of bureaucratic procedures ( routine ) in government departments is also a stumbling block in the implementation of projects and delay completion .
[millionday] note -- obviously they are discussing the reasons that have been going on and the problem being -- they were not sure the right leaders were in place with the economic difficulties - so now things are a little different or improving by law and changes
[millionday] Among Husseini said there are other reasons no less important than its predecessors is the deterioration of the reality of the necessary infrastructure required for the completion of projects , Katrda the reality of electricity supply and the reality of the event transport routes and bridges,
as well as poor communication , lack of skilled manpower sufficient to complete the projects at hand in the provinces, as well as the lack of the actual application of the Foreign Investment law No. (13 ) for the year 2006 , the rate at which emptied the law of real content .
[millionday] allocation planning
[millionday] He stressed that all of these factors resulted in one way or another to delay implementation of investment projects in spite of increasing the proportion of investment allocations in the federal budget from 30 percent in 2012 to 40 percent in 2013,
adding that this confirms the hypothesis of no effect customizations and do not mind changing influential in the equation of the reluctance of the implementation of these investment projects.
He stressed that the problem is not in financial allocations , as it is economical when it is calculated investment projects completed is calculated on the basis of implementation and not on the basis of the amounts allocated and spent on these projects, and this approach is that float on the surface when talking about the reluctance of the implementation of investment projects in the provinces .
[millionday] note -- this means they dont have money to make up for mistakes so they have been checking and double checking
[millionday] here are some solutions they have come up with>>>>>> Husseini called for the establishment of an independent body concerned with the affairs of reconstruction and the implementation of projects as if they are ( the Supreme Council for Reconstruction ),
so that the work of this Council on the planning and management of investment projects by local and foreign qualifications . Indicating the importance of the development of standards and requirements for engineering companies and construction companies referred to it by investment projects in the provinces, and the provincial councils shall establish those standards and conditions and consistent with the nature of each project .
[millionday] note -- experts
[millionday] Stressing on activating the role of regulatory agencies to avoid and reduce the incidence of referral of investment projects to companies that are not sober and reduce the chances of financial and administrative corruption .
Calling to reconsider the investment map of the provinces and follow the foundations of proper planning and avoid indiscriminate planning that leads to delay implementation of the projects and investment allocations should be linked to a timetable for implementation to achieve maximum utilization of those customizations and avoid financial waste .
[millionday] so obviously they want and are having more monitoring they have to start the projects of infrastructure and they are moving to do that with minimizing the loss as best as possible smile brb
Domino] millionday Monitoring what or loss of what, they're not open for business yet right?
[wmawhite] Domino ...............the translation is difficult................however, this is their way of describing the functions of "oversight" and "quality control", and "project management".
[millionday] monitoring of the funds sent to the provinces that is directly for the projects of roads schools building etc -- they cant afford anyone to take the finds or cheat so they are going to have monitoring of the finds for each province for the opening of the budgeted funds
[millionday] Domino does that make better sense
[Domino] millionday wmawhite Thank you both, excellent description, very clear now
[millionday] so this is very important and is coming up >>>>> Ministry of Commerce has received requests and wide to participate effectively targeted Session (40) to the Baghdad International Fair , and included 17 countries , unexpected arrival of the number of companies that will participate the thousandth to the company.
Said General Manager of company exhibitions and commercial services of the ministry, Sadiq Hussain Sultan in an interview ( morning) that the next session of the Baghdad International Fair will be a new look and with the broad participation of 17 countries,
as well as on the participation of Britain and Croatia for the first time with wings show, pointing out that the withdrawal of Iran from the course came for reasons related to economic status and the low exchange rate of its currency
[millionday] note -- the low exchange rate of iran`s currency -- love that part
[millionday] And revealed the allocation of private suites in the exhibition for the ministries and public companies , in addition to that some companies will participate wings their countries, stressing the influx of companies to exhibit significantly and are not indifferent to the challenges of security and political situation in the country,
pointing out that the administration of the exhibition facing critical to meet the growing demands in terms of space allocated for display because some States was characterized able to participate for her sense of the economic viability of the exhibition, expected the arrival of the number of private sector companies, Arab and foreign and local participation to a thousand , according to submissions .
[millionday] note -- huge entry of investors and opportunities for them -- private investors as well -- very huge point -- very
[millionday] Sultan pointed to the existence of cooperation with the ministries of interior and foreign affairs regarding visas for participants and organizers , as it gives the attribute within 24 hours, as well as providing private cars to transport participants and delegations to hotels and provide full protection in collaboration with the Directorate of VIP protection ,
in addition to providing full protection to the headquarters of the exhibition, pointing out to a high coordination with the security agencies to ensure the success of this important economic efficiency , noting their access to financial rebates by hotels for the participants in the exhibition
[millionday] note -- very important economic efficiency -- love that too
[millionday] General Manager of company exhibitions and business services attributed the reasons for providing anniversary date scheduled for the exhibition , to coincided with the holy month of Muharram and preoccupation with governmental institutions and citizens on the occasion of the martyrdom of Imam Hussein ( peace be upon him ), and therefore has been to provide timely 20 days to be timely new on the tenth of next month , pointing out he sent a letter to the organization ( UFS any ) to inform them of global change the date of the events.
[millionday] >>>>>>>>>>>>>>>>>>>>>>He explained that the promotion of the show started since the end of the previous session through our own channels as private sector development department with Mlhakaatna business through the Ministry of Foreign Affairs as well as our previous relationship with companies in the previous sessions.
He said Sultan that the previous sessions of the exhibition was in the role of integration where the 36th session is the first start after the year 2003 , which said it was cycle formality and Made limited, stressing that the session 39 got acclaim by specialists in regard Almarda for excellence performances and responding good and wide range of by some countries as well as the striking presence of the citizens.
[millionday] so this is the huge exhibit for business -- we have seen governments coming etc but this is private companies and anyone that would like to bid and move to doing business in the new iraq
[wmawhite] millionday ....did they say where it will be held?
[millionday] very huge -- contracts and the activation of contracts throughout the country -- visas and security
[millionday] wmawhite Ministry of Commerce has received requests and wide to participate effectively targeted Session (40) to the Baghdad International Fair , and included 17 countries , unexpected arrival of the number of companies that will participate the thousandth to the company
[wmawhite] millionday ....I guess Baghdad
[SolarKing] Cars for workers and security and hotel rebates.
[wmawhite] I see
[millionday] smile -- very huge
[jimplants] I believe it starts on the 10th and runs for 20 days
[millionday] the movement of the beginning of work and foreign contracts and the actual contracts being done -- jimplants exactly brb with more
PART 2 CONTINUED