Morning News Comments 10/11/2015 By tlm724
World Bank refuses to give Iraq a loan of six billion dollars
[tlm724] the World Bank lending to Iraq's refusal to six billion dollars to cover the budget deficit,
[tlm724] no huge bailout for Iraq and as we talked about the other day it is time Iraq stood on it's own and take responsibility for themselves !
[tlm724] Iraq needs a loan of six billion dollars to cover his inability
[tlm724] his inability !
[tlm724] this crisis and austerity program could have been avoided !
[tlm724] if the World Bank keeps bailing them out then they will never impose taxes, privatize etc.... I think it's good that they said no to the 6 billion dollars
Deputy: on the government to move away from external borrowing and the advancement of the economy internally[tlm724] the government to move away from external borrowing and the advancement of the economy internally
[tlm724] this dude gets it ! do it yourself Iraq, stop depending on others ! Iraq should be a donor country by now !
[tlm724] that" borrowing a case of suicide and may affect the future generations.
[tlm724] the need to adopt a state alternatives for the advancement of economic reality through attention to industry and agriculture, and stay away from rentier economy and reliance on just oil.
Parliamentary Integrity: Investigators were disbanding the resolution of 500 cases have been closed Fassad..obedha
[tlm724] The committee submitted to now approximately 500 file on corruption cases to the Integrity Commission and the prosecution after the completion of legal proceedings
[tlm724] I did think about what Toby was saying last week about the AML not being ratified yet by the President. We talked about the penal code for corruption needing to be amended. I remembered years ago reading that the fines for corruption were around 100,000 dinars
[tlm724] now when Saddam was in power, which is when the code was written, a fine that high would be around 1 milllion dollars because the exchange rate was over $3.00 BUT today that fine would be around $100.00 so that shows us that the fine amounts MUST be changed. Do I know for a fact that is the reason for the delay ? Nope but it's my best guess
[tlm724] here it is from the 5th
[tlm724] Yasiri Abadi calls to declare 2016 "year of fairness." Author: AB, HH Editor: AB, HH 2015/10/05 11:48 Long-Presse / Baghdad , Called on the President of the Commission on Public Integrity Agency Hassan al-Yassiri, on Monday, Prime Minister Haider al-Abadi to proclaim 2016 "Year of integrity",
and stressed that it requires to make "extraordinary efforts" to fight corruption and the exclusion of corrupt, as demanded by applying the principle of justice in the reduction of salaries and not the principle of equality and support employees of the material and moral integrity, he stressed the need to amend some of the crimes of corruption penal texts.
"it is necessary to amend some penal provisions contained in the special crimes of corruption penal code to fit in with the new situation," noting that "some of these laws have not longer fits the current stage.
Iraq raises state-owned companies for privatization and investment to cope with the lack of imports
[tlm724] Iraq raises state-owned companies for privatization and investment to cope
[tlm724] , this decision came as a prelude to open investment and privatization of these companies through put up for subscription or internal and external investment.
[tlm724] The downsizing and consolidation of these companies is an important step process to find a suitable atmosphere for the start of the privatization process and thus activating the role of investment,
[tlm724] including contributing to the re-production of these factories that once covered a large part of the needs of Iraq
[tlm724] thats a good step indeed ! Getting the investment law passed will be even better and will support this plan !
Abadi: will be offered a new law on oil and gas if the government delayed in sending the copy has
[tlm724] thanks Rocky !
[tlm724] the Commission on oil and energy parliamentary member Zaher al-Abadi, said his committee will present a draft oil and gas law after he completed all legal and operational details.
[tlm724] "the committee will submit a new proposal for the oil and gas law, if the government delayed in sending a copy of law in place to have before the end of the second legislative term,
[tlm724] noting that" the purpose of the legislation is to solve all the problems related to the oil and gas law
[tlm724] will be offered a new law on oil and gas if the government delayed in sending the copy
[tlm724] ok get to it ! like to see this done before I get too old to understand it lol
NOTE: this is oil and energy parliamentary member Zaher al-Abadi not the Prime Minister