(Dinar Recaps Note: PIF's comments are in italics and all caps.)
SO THE KURDS ARRIVE IN BAGHDAD FOR THE FINAL DISCUSSIONS. WE KNOW THE MINISTERS HAVE THE BUDGET AND THEY ARE AUDITING IT AND WE KNOW THEY ARE MEETING TODAY STILL IN THE EVENING BECAUSE YOU WILL SEE LATER DATED INK SHOWING THINGS THEY HAVE DONE TODAY. SINCE THIS ARTICLE WENT TO PRINT.
Council of Ministers: the budget and the salaries of the region before the feast
Back negotiations between Baghdad and Erbil,
Baghdad morning Alaa al-Tai Shaima Rashid discusses the Council of Ministers at a meeting held prior to the holiday of Eid al-Adha budget 2014 file employees' salaries Kurdistan region, while up on Sunday, a delegation from the Kurdistan region to Baghdad to meet with Prime Minister Haider al-Abadi and complete negotiations formation of the government and discuss the outstanding issues between the center and the region.
added that the region identified For his part, a time limit of three months to resolve the differences in the interaction of light with the demands of the provincial government and positive messages to solve problems that are related to the budget and export of oil and the Peshmerga forces and others, which are in accordance with the Constitution.
ALRIGHT TO BETTER IMPLEMENT THE GOVERNMENT PROGRAM THAT WAS INTRODUCED THEY NEED TO USE THE SERVICES OF PROFESSIONAL CONSULTING FIRMS. HERE WE SEE A FEW SUGGESTIONS. AND THE ECONOMIST FEELS VERY STRONGLY ABOUT THIS THEY SAY THE RECONSTRUCTION AND DEVELOPMENT OF ALL SECTORS CAN NOT WAIT ANY LONGER. THE LAST PARAGRAPH IS A VERY STRONG STATEMENT.
Government program and consulting firms
Yasser incumbent finally admitted the government of the importance of consulting firms while singled fundamental premise of the program of government paragraph VII of the preamble and tagged (7 adoption consulting offices and the homes of local expertise and international in areas that require the expertise either in planning or in the projects down to companies discreet leading to the implementation of projects on the face is better) This is a text recognition in our opinion.
This important step on the road to correct paths processes construction and development require a reading closer to the capabilities of these devices, which rely on the world's most advanced, too, and the question that arises is responsible for offices and homes?
starting to be the information available for these devices at the local level, the numbers are small like the number of fingers and have made great achievements in the field of counseling for free and gratis, and I remember, for example, the Institute of progress of the development policies which is headed by D.mahdi Hafiz and the Iraqi Institute for Economic Reform, headed by Dr.. Kamal Al-Basri and the Iraqi Center for Energy, headed by D.laa Khatib, all concrete contributions through symposiums and seminars and economic affairs of Iraq and the recommendations integrated in most disciplines, but parked on the shelves and there is a possibility to activate and take advantage of them.
at the international level, it is wide and extended over an area of the world and it has to be careful choice, and who chooses the relevant committee or neutral experienced?
These options are on the table so they can be the adoption agencies sober and must possess in all centers and houses of expertise in order to avoid wrap mafia centers phantom.
Though the houses of local expertise possessed of talent known, but I think the need to re-organize and arrange their centers and institutes for the next stage, especially that the government program sent strong signals to be adopted in the planning of Iraq's economic future, comes to talk to the best of our knowledge, including subjected to these devices the task of shocks and challenges, especially in the field of self-financing because of the interruption of aid that was provided by the international development agenda in Iraq.
found in the perceptions of the government program to rely on these devices as important and respected soluble approved in the future for the causes of the decline for physical reasons, as I mentioned, early and be prepared to contain the requirements of the government in consultation urgent, especially in the field of economic and financial reforms and political.
Eight consulting firms and advisory centers I find ready to provide advice to the government.
And on the second of any (government) determine the quality of advice and expertise and disclosed in any areas and what of priorities so as not to be a fundamental premise of the program is just ink on paper, and then make way for the expertise to prepare for and prepare early for the must present them because the construction phase of the nation can not afford to await more .
This program is promising and the content of items to create a state of hope and aspiration and confidence to a prosperous future for Iraq as long awaited by the people of Iraq, loyal, and everyone invest this opportunity and help the government implement its optimistic this time, hoping to see the light and Hokzlk if everyone rushed towards the construction and reconstruction and to address all the challenges .
ECONOMIST AND EXPERT MEHDI HAFEZ IS EMPHASIZING THE NEED TO FOLLOW THE WORLD BANK WARNINGS AND REFORM PROCEDURES. THERE NEEDS TO BE A SEPARATION BETWEEN PRIVATE AND COMMERCIAL SIDE IN ORDER TO REACH OUT INTERNATIONALLY AND THEY ARE PUTTING THAT INTO PLACE. IT SEEMS THE WORLD BANK HAS BEEN SUPPORTING THE REFORM SINCE 209 AND NOW WANT S TO ACCELERATE THE PROCESS TO REFORM THE GOVERNMENT BANKS THROUGH THE RESOLUTION OF ITEMS IN THE BUDGET THEY WANT A NEW COMPANY TO MANAGE THE LIABILITIES AND ASSETS. THEY NEED AN INSURANCE COMPANY TO MANAGE LARGE DEPOSITS AND LOANS AND THEY NEED TO ANALYZE THE RISKS OF MOVING TO A MARKET ECONOMY. THE IMF APPROVES THIS AS WELL AND WANTS THEM TO INSTALL A RAPID REFORM.
Experts diagnosed the weakness of the banking performance and reform
Hafiz emphasizes the need for attention to the warnings of the World Bank
BAGHDAD Shokran Fatlawi called economic expert d. Mehdi al-Hafez need to pay attention to what came in the World Bank report of observations on the Iraqi financial sector, especially the banking system, stressing that envisages solutions accuracy in the light of the recommendations and warnings of the banking system came during the expanded seminar organized by the Institute for the Progress of the Policy Development and attended the »Sabah» touched during which Prime Institute and moderator d. Mehdi al-Hafez to the challenges of the banking system represented by the financial system as it is still subordinated to the control of the state and contributes more than 75 percent of the assets as well as the fact that financial institutions and markets non-bank small and non-advanced accompanied by the financial infrastructure is weak causing obstruction to access funding.
Hafiz He pointed out that there are seven state banks are dominated by this sector especially, Rafidain Bank and the Trade Bank of Iraq and Rasheed Bank, pointing out that private banks are very small, where established, many of them in recent times, indicating that seven banks among the 36 private banks have foreign participation in work Eight of them, in accordance with Islamic principles. Hafiz said that the World Bank is supporting the reform process since 2009, pointing to the need to accelerate the process of reform of the Rafidain Bank and Rasheed Bank through the selection of items disputed in budgets and transferred to a new company to manage the assets / liabilities indicating the importance that lead banks, the roles assigned to them, whether state banks especially pointing out that the Trade Bank of Iraq was established to be a bank trade specialist afterthought that he is currently working as a commercial bank years has become an important party in the financial system, noting that government banks should be subject to the supervision of the Central Bank of Iraq . intensity
For his part, the Director General of Statistics and Research at the Central Bank of Iraq and Walid Idi Abdul Nabi highlighted the problems experienced by the Iraqi banking system, including the low density of bank indicating that it reach the limits of one bank each (32000) people, pointing out that it is low in comparison for a standard global amounting to banks and one each (10000)
Nsma.wachar Idi said due to the absence of strategies banking actors and detailed plans annual for the majority of banks as well as the absence of institutions of the banking system, such as an insurance company on deposits and loans and large company to study the market riskaccompanying mismatch banking services with requirements and economic needs of the country in the light of the orientations toward a market economy,
indicating that the number of services is up to (20) service which is less than what is offer of Arab Banks and weakness of banking technologies and not used on a wide range in a large number of banks and the sagging administrative structure in a lot of banks especially in government banks and the routine procedures conventional adopted by the Department of Registrar of Companies, are all causing the delay in the ratification of the decisions taken by public bodies for the banks.
he said. combat money laundering and summed the main points to be taken in order to develop the banking system and of them, the development of banking supervision, the development of Islamic banking, re reform and restructuring of state-owned banks, the fight against money laundering and financing terrorism,
Pointing out that the central bank has taken several measures to develop the work of the Office of the Money Laundering Reporting where he was completing amend the draft law on combating money laundering and terrorism financing.
The IMF during the seminar discussions and presentations by participants from academics, economists, businessmen and representatives from the private sector focused in the search for mechanisms to achieve rapid reforms that are required. http://www.alsabaah.iq/ArticleShow.aspx?ID=78627
DHI QAR IS READY TO PARTICIPATE IN ITS SECOND TRADE SHOW. THE LAST ONE LASTED FOR 3 DAYS AND THIS ONE WILL GO LONGER. THEY ARE SAYING THEY WILL ABLE TO COMPETE NOW ON THE GLOBAL PLATFORM, AND SINCE THE RELEASE OF ALL SANCTIONS THEY CAN COMPETE FOR GLOBAL COMPANIES DIRECTLY WITH OUT THE NEED FOR BROKERS. THIS IS YET ANOTHER HUGE STEP IN THE ECONOMIC DEVELOPMENT OF IRAQ.
Exhibition of Dhi Qar message of reassurance to investors
Concluded its activities with the participation of more than 40 international and local companies
BAGHDAD - morning - Hussein al-Tamimi Tgb concluded exhibition of Dhi Qar, the second its activities in the presence of international and regional and local exceeded 40 companies specializing in different areas of Dhi Qar, and lasted for three days in a row saw the mobility and wide representing popular with good from businessmen and various segments of the society for the best technologies the world that came in the corporate world and regional.
The government program emphasized the achievement of a comprehensive economic development, longer exhibits one of its tools, and the whole number of specialists economic affairs on the importance of organizing trade fairs in the country, especially It represents a big market for government departments and the private sector, where they can choose what suits the country from international companies and regional specialist for the implementation of quality projects within specifications of global companies.
The governor of Dhi Qar Yahya Nazarene has stressed in his speech during the opening of the exhibition that the gallery of Dhi Qar, the Second International opportunity to stand on the latest developments in the world in the fields of construction and reconstruction, which shorten the time and effort, pointing out that the post about 40 international and local companies send more than a message of reassurance to investors and businessmen who wish to work in the province, which enjoys stable security good and enjoys investment environment to accommodate all economic activities and industrial, pointing out that the exhibition, such as the experience of seriousness is fraught with economic feasibility great country.
encouraging environment for his part said Oras al-Rubaie, a member of the Chamber of Commerce of Dhi Qar, the trend to organize this exhibition represents a message to the local and international companies stating that the province is ready to interact with the international effort and regional advanced in the field of implementation of the projects productivity and service, and that the working environment is safe and encouraging in all cities of the province.
international attention and drew in a statement (morning) that the presence of international official, though limited, but it is a sign of official concern for global investment opportunities available in all jurisdictions productivity and professional, It needs to maintain construction projects and service preceded by infrastructure projects on a large scale.
Rubaie said the possibility of advancement aspect of tourism in the province, which owns more than one type tourist Kaltrfaita and archaeological what can be considered oil always flows into the state budget.
sustainable development , assembling industrial Iraqi Abdul-Hussein al-Shammari counting trade fairs is an important step in the country seeks sustainable economic development in all productive sectors and service, said in a statement (morning) to organize an exhibition of Dhi Qar, and the presence of this number of companies that would do a lot of implementation requirements qualitative terms that the presence of international companies in the province is easy to stand on the real capabilities of the participating companies and to identify the actual activity in the field of implementation according to international standards. understandings bilateral and added that the presence of companies helps local institutions and the Iraqi private sector to conclude understandings bilateral previews with them, and this in itself is an achievement because it provides them a lot of time and effort, as well as expenses in the event of going to their headquarters in different countries
Thus the need for investment opportunities because they do not recur only once a year, especially since the cooperation agreements have been signed between the parties to the process beneficiary Iraqi side and the representatives of those companies who have the authority to do so.
Stressing the importance of the presence of members of the Board of Directors of the participating companies who have the authority to conclude contracts for joint cooperation. Expansion and either competent to organize exhibitions.
Zia al-Jubouri, has pointed out that the companies that participate in trade fairs is studying carefully the goals of participation, which are often search for new jobs expansion circle spread told (morning) that all the companies that attend to the country we are close to them and touch the big desire to work within the country through the investment of available job opportunities or enter into partnerships with local partner or through open branches within the country.
Chapter VII He said the expansion in the circle of organizing trade fairs means a new opportunity in front of actors involved in the implementation of projects to choose the companies best and that can be handled without a broker is draining more money, especially after he managed to Iraq force of the provisions of Chapter VII to grant him freedom in dealing with global companies , and the possibility of dealing direct financial away from the side channels that were previously dependent. ,
and pointed out that the government program emphasized the achievement of a comprehensive economic development through diversification of financial resources to the state budget through the advancement of productive sectors, service and activated by plans for short-and long-term.
EID IS THE 4TH, SO LET’S HOPE THIS IS THE CASE.
Aajl..bgdad acted salaries region before Eid al-Adha
Sunday, 28 September / September 2014 19:54
The site said Patriotic Union of Kurdistan said on Sunday that "the federal government will spend the salaries of staff of the Kurdistan region before Eid al-Adha."
He said Mohammed Xiaa Sudanese Minister of Finance and agency in a press statement that "the federal government employees' salaries will be spent in Kurdistan before the Eid al-Adha"
For his part, said Mahdi Keywords Director, Office of the Prime Minister in a press statement that "the Council of Ministers session will be held during the next few days to discuss sending an advance to the Kurdistan region to secure the employees' salaries."
A delegation from the Kurdistan region, arrived in Baghdad today, headed by the leader of the Kurdistan Democratic Party, Rose Nuri Shaways to discuss the outstanding issues, notably the Kurds join the ministers in the federal government and Exchange batch of provincial employees' salaries. "
The MP for the Kurdish blocs, but Talabani has said for [where] yesterday that "the Kurdish delegation from the Kurdistan region will visit Baghdad soon to discuss ways to resolve the outstanding issues," saying that "the Prime Minister Haider al-Abadi serious in solving these problems with the Kurds, including the salaries of the staff of the province" Ended
THE GOVERNMENT BANK WILL RESUME SERVICES UPON APPROVAL OF THE BUDGET. THIS IS GOOD, SO THEY MOST PROBABLY ALSO FIXED EVERYTHING ELSE THAT CAUSED THE SUSPENSION OF THOSE SERVICES RIGHT?
Rafidain Bank: resume the granting of loans and advances will soon approve the general budget
Saturday, 27 September / September 2014 08:01
Informed sources confirmed that the Rafidain Bank in the resumption of the granting of loans and advances will be launched immediately after the personal approval of the general budget of the country.
The sources said in a statement received by all of Iraq [where] a copy of it on Saturday that "the continuation of suspended advances due to a lack of financial liquidity in banks and non-completion of regulatory procedures with the fact that the cash flow is not sufficient to restore the resumption of firing advances as well as the delayed vote on the budget and the impact of a negative impact on the financial situation in the country. "
The sources said that "the Rafidain Bank will put a suitable mechanism for the granting of loans and advances to the citizens and employees differ from its predecessors with the imposition of specific conditions to ensure the sponsors and the interest rate deduction and" Ended.
THIS IS A PRETTY TELLING ARTICLE; FIRST OFF WE KNOW THEY ARE CLEARLY WORKING ON THE BUDGET IN THE CABINET. SECOND THEY ARE FORGIVING DEBT GOING BACK TO 2003. THIS GOVERNMENT IS REALLY TRYING TO GIVE THESE PEOPLE A FRESH START
Secretariat of the Council of Ministers directed to write off the debts of the martyrs according to the text included in the draft budget
By Adminsa 28/9/2014 5:08
And directed the General Secretariat of the Council of Ministers and the Ministry of Finance to include the text of the draft general budget includes a write-off of government debt and benefits owed by "martyrs of terrorism."
The Secretariat said in a statement posted on its website and reared him Agency for News News (et) she directed the Ministry of Finance to "insert the text of the draft general budget includes the write-off of government debt and benefits owed by the martyrs of the terrorist operations", noting that "it was based on a Council resolution No. 29 for the current year. "
The Secretariat added that "the resolution text to write off all government debt owed by each of the cited after the date of April 9, 2003 the process of a terrorist from the employees of the ministries and departments not associated with the Ministry and the provinces and security institutions of all, in addition to those with special grades and the employees of the three presidencies and their employees all including debts and interest Bzmmanm to calculate the state-owned banks. "
She continued, "the text of the resolution also to withstand the Ministry of Finance debt and the benefits accruing to government banks Bzmm martyrs, to be scrutinized from the Office of Federal financial control. http://khabaar.net/index.php/permalink/31180.html