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Wealthwatch OOTW News & Comments 3-26-16
OOTW: FROM THE MINISTRY OF FINANCE SITE
OOTW: Met with Finance Minister Hoshyar Zebari evening March 26 2016 Mr. Stuart Jones , theUS ambassador in Baghdad. They also discussed and review the political and security situation as well as the economic and financial situation in the country.
There was an exchange of opinion on a number of projects carried out by American companies in the field of increasing the power of the country. It was also review the results of the Iraqi ministries delegation talks with representatives of the International Monetary Fund in Amman.
Doug_W: IF I still rode that rolercoaster I'd be high now
Doug_W: but I got off
OOTW: THERE ARE MANY INFORMATIVE ARTICLES AND PRESS RELEASE'S IN THIS PAST WEEK'S GOVT THREAD wealthwatch.world/showthr... http : // wealthwatch . world/showthread. php?tid=4325
OOTW: YEP THAT'S WISE
OOTW: NOW, THIS IS THE KIND OF NEWS I LIKE TO SEE
OOTW: Jubouri confirms the existence of 43 bill ready for a vote, including the National Guard and amnesty Saturday 26-03-2016 | 12:54:06[J p] J pShafaq News / The head of parliament Saleem al-Jubouri on Saturday on the presence of 43 bill got to the stage of voting.
He called al-Jubouri parliamentary committees to speed up its completion, noting that the most prominent of the National Guard Act, the anti-terrorism law and a general amnesty and the law of accountability and justice and the law defining the mandates of the three presidencies.
Doug_W: AMERN OOTW amen
OOTW: YEP AMEN
OOTW: FOR ANYONE WHO WANTS TO KNOW..CHATTELS STARTED A GREAT THREAD ON BAN KI MOON'S VISIT, I HAVE MERGED THAT THREAD WITH THIS WEEK'S GOVT THREAD
OOTW: AGAIN, HERE'S THE LINK TO THIS WEEK'S GOVT THREAD wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=4325
OOTW: 43 LAWS? SURE SOUNDS LIKE A BASKET TO ME
OOTW: BUT WE'LL HAVE TO WAIT ON THAT...PERHAPS DIVIDED UP INTO DIFF SESSIONS
[02:04:29 PM] Doug_W: that is what we do BEST ootw
[02:06:20 PM] OOTW: HA
OOTW: THIS PRESS RELEASE IS FROM THE WORLD BANK SITE
OOTW: World Bank Group President Jim Yong Kim told a special session of the Iraqi parliament today that the path to stability and shared growth in Iraq lay in empowering local governments, opening up and diversifying the economy, and improving the management of public finances by reforming the public sector and increasing accountability.
The speech came during a joint visit to Iraq by Kim and United Nations Secretary General Ban Ki-moon to show international support for Iraq as it confronts the triple challenge of defeating Da’esh, maintaining momentum on reforms, and coping with the financial impact of the fall in oil prices.
“Even in the face of substantial challenges, democracy is taking root in Iraq,” Kim told members of parliament. “Iraq has chosen the path of political inclusion – a decision that created difficult challenges and holds great promise.
It requires political compromises to build the broad coalitions needed to achieve national goals. As complex as it may seem, as difficult as it may be, political inclusion is part of the critical path to long-term stability.”
OOTW: The World Bank Group president said that the new atmosphere of open competition among different perspectives and the difficulty of building the necessary coalitions to achieve national goals were a positive sign.
Kim drew on Iraq’s historical legacy for lessons on how the great civilizations had thrived by balancing central authority with local autonomy. “Let me suggest that the best way to protect and preserve the cohesion of the country is to do what your forebears did, “said Kim. “Empower all its regions, and to give more capacity to local governments, all the way to the municipal level.”
OOTW: The World Bank president pointed to a recent US$350 million Bank-supported project that entrusted local authorities to rebuild infrastructure and restore services in areas liberated from Da’esh.
It was an example of how bringing government closer to citizens underpins stability by restoring confidence in the state’s ability to meet basic needs The speech also urged parliamentarians to unite around efforts to open up and diversify the economy, as another important step in unlocking Iraq’s immense potential.
“You, the representatives of the people,” said Kim, “have the capacity to adopt laws that would open the door wide for young entrepreneurs, who are eager to take risks and engage in new ventures.”
OOTW: In managing the financial crisis, Kim indicated that there was far more Iraq could do to strengthen its financial sustainability by improving the management of public funds and eliminating waste.
Reforming energy subsidies was especially urgent as they were contributing to pervasive shortages of electricity. Replacing subsidies with cash transfers would better target and empower the most vulnerable.
Greater public scrutiny of government spending would also, Kim suggested, increase efficiency and contribute to the national priority of fighting corruption. Kim also said that a clear commitment to reforms would build confidence, which he hoped would lead to greater international support for coping with the impact of low oil prices.
OOTW: The World Bank Group president also proposed using financial incentives to encourage local governments to be more accountable to citizens and provide better quality services. In view of the size of its economy and its strategic geographic location, Kim observed that the stakes were high in Iraq.
“We believe that Iraq’s success could bring stability and prosperity to hundreds of millions of people, “said Kim. The joint visit to Iraq is part of a four-country tour that includes Lebanon, Jordan and Tunisia, to deliver the broader message of global support for the region as it copes with conflict and instability.
Kim noted the recent US$1.2 billion loan to help Iraq weather its financial crisis -- the Bank’s largest ever direct budget support in the region -- as evidence of the Bank’s commitment to the country and its people.
OOTW: Over the past several months, the World Bank Group has reoriented its strategy in the MENA region to promote peace and stability as the necessary conditions for development. Working with partners, the aim is to focus directly on the causes of conflict, while helping countries address its consequences and to recover and rebuild.
The new strategy is built on four main pillars: Restore trust between citizens and their governments with greater accountability and improved services, Promote increased regional cooperation around the shared priorities of education, energy and water, Support countries and communities hosting large numbers of refugees, to strengthen their resilience, Prepare for reconstruction whenever and wherever peace emerges.
OOTW: To raise the volume of financing needed to implement the new strategy, and to rally the international community around the common goal of promoting peace and stability in the region, the World Bank Group has partnered with the United Nations and the Islamic Development Bank Group.
Together they have convened the international community to develop the New Financing Initiative to Support the MENA Region, which aims to:
(i) provide concessional financing to support refugees and host communities in Jordan and Lebanon, the middle income countries of the region that have been the most impacted by the Syrian refugee crisis; and
(ii) raise a greater volume of financing needed for post-conflict reconstruction and economic recovery for countries across the MENA region.
Importantly, this initiative will create a unique platform among multilateral development banks and the UN to strengthen coordination on development assistance to the region at this critical juncture.
OOTW: At the Supporting Syria and the Region conference that took place in February in London, the World Bank Group announced that it will triple its investment in the region as compared to the previous five years.
Funding from the New Financing Initiative to Support the MENA Region combined with current programs is expected to total about US$20 billion over the coming five years.
Next month, at the International Conference for the New Financing Initiative to Support the MENA Region – an event co-chaired by the leaders of the World Bank Group, United Nations and Islamic Development Bank Group – ministers from G7, Gulf Cooperation Council and broader European countries,
as well as the heads of various international and regional organizations, will gather at the World Bank Group headquarters to pledge their support for the New Financing Initiative to Support the MENA Region.
OOTW: AND HERE'S THIS ABOUT THE SIT INS
OOTW: Iraq’s Sadr may extend sit-in to demand reforms [Image: 31437b43-1e2e-4118-96c1-b5e33d9f672d_16x9_788x442.JPG]Supporters of prominent Iraqi Shi'ite cleric Moqtada al-Sadr shout slogans during a protest against government corruption, in the streets outside Baghdad's heavily fortified Green Zone in Iraq March 25, 2016. (Reuters) Reuters, BaghdadSaturday, 26 March 2016 Text size A A A
Powerful Iraqi Shiite Muslim leader Moqtada al-Sadr may extend a sit-in protest that his followers are holding in Baghdad to demand a government overhaul to fight corruption, local television said on Saturday. “The sit-in may be extended,” said a news flash on al-Taif, a channel affiliated with his political group. It did not provide further details.
Sadr arrived in Baghdad on Saturday from his base in the holy Shiite city of Najaf, south of the capital, according to one of his military aides. On Friday, Sadr called on Prime Minister Haider al-Abadi to announce a new cabinet line-up that would see current ministers replaced by technocrats with no party affiliation to tackle systemic political patronage that has abetted graft.
OOTW: He also warned party leaders they would face street protests if they obstruct the government overhaul that Abadi announced more than a month ago but has yet to implement. Sadr’s followers began a sit-in more than a week ago outside the heavily fortified Green Zone of Baghdad to pressure the government to see through anti-corruption pledges.
It was planned to last until the end of the month. Iraq, a major OPEC producer that relies on oil exports for most of its revenue, has been plagued by corruption and mismanagement for years.
It ranked 161 out of 168 on Transparency International’s Corruption Perceptions Index in 2015. Last Update: Saturday, 26 March 2016 KSA 20:28 - GMT 17:28
OOTW: SERIOUSLY, YOU ALL NEED TO GO INTO THIS WEEK'S GOVT THREAD I HAVE JUST POSTED TONS OF PRESS RELEASES FROM ALLIRAQ NEWS - THEY READ LIKE A MENU OF REFORMS COMING
Doug_W: Git er DUN Iraq
OOTW: CLEARLY MUCH MORE HAS HAPPENED IN TODAY'S PARLIAMENT SESSION THAN THE OFFICIAL PRESS RELEASES FROM THE PARLIAMENT SITE INDICATE
OOTW: THE GOVT THREAD SHOWS MANY MORE ACTIONS
Doug_W: Clearly so OOTW
OOTW: just found the above on twitter OOTW: not good
OOTW: wealthwatch.world/showthr... Sadr calls supporters to surround Parliament and the Prime Minister office
OOTW: 8 MINS AGO
lonegunman: ‹@OOTW› well thats not good
lonegunman: ‹@OOTW› where did you get that letter you posted
OOTW: SEE THIS VIDEO OOTW: twitter.com/mustafafield/...
OOTW: I GOT IT FROM TWITTER HON
OOTW: HERE'S THE LINK
OOTW: THIS IS WHAT'S HAPPENING IN BAGHDAD - RING OF FIRE AROUND BAGHDAD ;)
OOTW: RING OF FIRE
chattels: Iraqi Soldiers Flee Again in Iraq Army’s First Mosul Operation " After a U.S. Marine was killed defending a position abandoned by Iraqi troops, they were supposed to have toughened up. … Nope."