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The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

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rocky
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The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by rocky on Sun Oct 22, 2017 3:09 pm

The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Iraqi arena
In the [You must be registered and logged in to see this link.]  October 22, 2017


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BAGHDAD / The governor of the Central Bank of Iraq on Sunday, the International Monetary Fund to intervene in resolving the issue of boycotting some of the global banks Correspondent with Iraqi banks, stressing Iraq's commitment to implement its program with the IMF.
"The central bank appreciates the work of the IMF team and the flexibility in the policy of advising, as it is important to reach this degree of flexibility and understanding of the exceptional Iraqi situation where it stands out," al-Alak said in a speech at a meeting with the IMF's director general and central bankers in Washington. The importance of this matter when it comes to balancing the financial situation with social considerations. "
"Iraq is appreciating if the Middle East section of the International Monetary Fund can provide best practices and facilities and dialogue with shareholders to address this issue as soon as possible," he said.
"Despite the difficult circumstances, the Iraqi government is committed to implementing its program with the International Monetary Fund," he said. "I expect that the agreement will be reached on the third review under the program." He added that "Iraq, like other countries in the region, has a large number of refugees and displaced persons, And it is useful that the Middle East division of the International Monetary Fund provide assistance in assessing the economic impact associated with it. It is also important that this assessment be made clear in the staff reports so as to give the international community an opportunity to provide assistance. "
"Iraq thanked the government and people of the Kuwaiti government for their valuable support to Iraq, including hosting the Iraq reconstruction conference in the coming months and thanked the IMF for its technical support to the conference


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weslin3
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by weslin3 on Sun Oct 22, 2017 6:02 pm

Despite the difficult circumstances, the Iraqi government is committed to implementing its program with the International Monetary Fund," he said. "I expect that the agreement will be reached on the third review under the program

So there is a third review? Anyone know about this review?
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weslin3
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by weslin3 on Sun Oct 22, 2017 6:20 pm

Found this.

The speech of the Governor of the Central Bank of Iraq Dr. Ali Mohsen Al-Alaq during
his meeting with the Director General of the International Monetary Fund and the
Governors of Central Banks in Washington on 15-10-2017

Thank you Mr. Laccard, the Director-General for hosting this meeting.

Despite the difficult circumstances, the Iraqi government is committed to implementing
its program with the International Monetary Fund and we hope that the third
revision will be agreed under the program during our stay here.


We appreciate the work of the IMF team and the flexibility of the policy of advising, as it is
important to reach this degree of flexibility and understanding of the exceptional Iraqi
situation, where this is important when it comes to balancing the financial situation with
social considerations.

The withdrawal of correspondent banks is an important issue for us. We also appreciate if
the Middle East Division of the International Monetary Fund can share best practices and
facilities and conduct a dialogue with shareholders to address this issue.

Iraq, like other countries in the region, has a large number of refugees and displaced persons

(about 3 million for displaced people). It would be helpful for the Middle East to provide
assistance in assessing the economic impact associated with it. The international community has the opportunity to provide assistance.

I would like to take this opportunity to express my thanks and appreciation to the Kuwaiti
Government for their valuable support to Iraq, including hosting the Iraq Reconstruction
Conference in the coming months. In this regard, we appreciate the technical support of
the International Monetary Fund in preparing for this conference.

There is a need for great efforts by the International Monetary Fund to develop the
representation of our region's staff and to ensure appropriate career opportunities and
promotions to the highest levels, and we hope to see tangible progress in this
regard at our next meeting.

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weslin3
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by weslin3 on Sun Oct 22, 2017 6:22 pm

So wonder if they had that 3rd meeting while they were there?
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mochasmom
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by mochasmom on Sun Oct 22, 2017 7:03 pm

Sounds like it did
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by Preacher Man on Sun Oct 22, 2017 7:43 pm

The first review of the current SBA by the Executive Board was done in Dec. 2016; staff second review was in March 2017 with press statement released in June 2017 and approved by the Executive Board in July 2017 with the last Article IV Executive Board Consultation statement on August 1, 2017. Staff reviews happen more frequently than Executive Board reviews and approvals. Look for the third Executive Board review following the a couple staff reports between now and December.
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by Screwball on Sun Oct 22, 2017 8:39 pm

[You must be registered and logged in to see this link.] wrote:So wonder if they had that 3rd meeting while they were there?
Report due out October
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by weslin3 on Sun Oct 22, 2017 9:00 pm

That report that we read about the other day... Was that it?
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Re: The Central Bank calls on the IMF to resolve the issue of the withdrawal of global banks from the Ir

Post by Screwball on Sun Oct 22, 2017 9:31 pm

[You must be registered and logged in to see this link.] wrote:That report that we read about the other day... Was that it?
 The one they were discussing in Washington as we speak but well over due..
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The Central Bank calls on the IMF to intervene in the file of correspondent banking district

Post by rocky on Mon Oct 23, 2017 4:35 am

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BAGHDAD / 
The governor of the 
Central Bank of Iraq called on the International Monetary Fund on Sunday to intervene in resolving the issue of the boycott of some international banks Correspondent with Iraqi banks, stressing Iraq's commitment to implement its program with the IMF.
"The central bank appreciates the work of the IMF team and the flexibility in the policy of advising, since it is important to reach the central bank," al-Alak said in a speech during a meeting with the IMF director general and central bank governors in Washington. This degree of flexibility and understanding of the exceptional Iraqi situation, where the importance of this matter when it comes to balancing the financial situation with the social considerations. " 
"Iraq is appreciating if the Middle East section of the International Monetary Fund can provide best practices and facilities and dialogue with shareholders to address this issue as soon as possible," he said.
"Despite the difficult circumstances, the Iraqi government is committed to implementing its program with the International Monetary Fund," he said. "I expect that the agreement will be reached on the third review under the program." He added that "Iraq, like other countries in the region, has a large number of refugees and displaced persons, And it is useful that the Middle East division of the International Monetary Fund provide assistance in assessing the economic impact associated with it. It is also important that this assessment be made clear in the staff reports so as to give the international community an opportunity to provide assistance. " 
"Iraq thanked the government and people of the Kuwaiti government for their valuable [You must be registered and logged in to see this link.] for Iraq, including hosting the Iraq reconstruction conference in the coming months and thanked the IMF for the technical [You must be registered and logged in to see this link.] it will provide to the conference itself," he said.



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