Home
[You must be registered and logged in to see this link.]
November 28, 2016 in the [You must be registered and logged in to see this link.] on the International Monetary Fund ... between the development of economy and finance of corruption in Iraq closed
[You must be registered and logged in to see this link.]
November 28, 2016 in the [You must be registered and logged in to see this link.] on the International Monetary Fund ... between the development of economy and finance of corruption in Iraq closed
[You must be registered and logged in to see this link.]
Corruption and economic disarray practiced by successive governments in Iraq since 2003 , in all its forms and fields is more greedy and deadly and spread the country 's economy from the direct physical occupation.
Highlights the seriousness of this corruption Iraq 's request to borrow from the International Monetary Fund; to address the deficit in the balance of payments on the one hand and dumping the Iraqi economy , debt and dependency an economic endless other hand; forcing Iraq to open the doors of its economy wide for interventions, and controlled by a subsidiary of the international Monetary Fund ,major companies, who will bear the future generations the burden of debt.
In the same context , the Iraqi government signed the so - called agreement warm -measures with the Fund ; because of acute shortages and balance of payments deficit of Iraq in light of the financial crisis, and corruption , stifling the economy and waste of public money to the state, and these measures represent a program overseen by the Fund with the help of the World Bank; to help their member countries, which are facing such crises.
originated the international Monetary Fund by the end of the war second World which claimed the lives of tens of millions, as it met in 1944 , representatives of 44 countries at a conference in Bretton Woods , USA, where they put the plans in order to stabilize the global financial system and encourage the development of trade, remove obstacles in the long term on lending and international trade, and the reconstruction of Europe.
and came out of the conference Bretton Woods, whose primary mission overseeing the international monetary system and strengthen and to provide advice to its members on economic policies, and provide loans to the Member States, and control of recycled Convention. the
fund gets its funds from the member countries, and depending on the size of the quota is determined by the number allocated to each country votes in the fund member, and the limits of borrowing provided by his fund, the greater the size of the country 's economy in terms of output, increased its stake in the fund, the United States of America, which is the largest economy in the world, and contribute the lion's share in the international Monetary Fund and a share of the 17.6% of the total quotas,
can not be separated World Bank action which works on the development of developing countries, the fight against poverty and the development of financial systems of the Member States for the work of the international Monetary Fund, they are working in parallel and cooperation, and are linked organically, and to any State that becomes a member of the World Bank requires her to be a member IMF first.
and that 's where the international Monetary Fund works as an umbrella safety and the protection of international financiers , as they can be Akarzoa their money without caution or concern at will when the liquidity they have, the fund repayment to them and ensures that no matter what the conditions are , and the results, note that this is contrary to the principle of a free market, which states: "borne by the lender and the borrower 's part of the responsibility because of making lending decision"; which means that the financiers are making gains and profits under all circumstances, while the borrower pays high prices in the cases of right and wrong, (vow of globalization / Abdul Hai Yahya Zaloom).
in May / May 2016 and the IMF agreed to give Iraq a loan of $ 5.4 billion over three years, and was the first value of a batch of the loan of $ 600 million, and the unfortunate fact that are lending to the oil country program application, so how about if this is the state of the world 's richest nations like Iraq; and it raises doubts about the issue of borrowing.
the financial and administrative corruption and financial crises in Iraq sapped its economy because of lower oil prices , Iraq has lost 85% of the strength of its economy; for adoption mainly on oil, causing paralysis of the economic movement init, "because the rentier mentality government works depends on the sale of crude oil, and the principle of maximizing financial returns far from achieving sustainable development , growth rates, and this is a deficiency and clear to the political system and a lack of experience on how economic life management and reforms and management of crises, and do not keep up with developments in the economic and political environment and revolution technological locally and abroad; the creation ofthese crises, so it was necessary , the relevant macroeconomic management, a series of actions which is evaluating the reserves of the state of the foreign public debt ,currencies, after the general financial evaluation and availability of financial resources for investment, as there must be an order of priority that would achieve economic reforms, and all of these reasons and the absence of economic decision to address the crises reflected negatively on the economic situation of the government and brought it to borrow money from the international Monetary Fund.
economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh , said that the loan was worth $ 5.4 billion.
and that the interest rate on this loan does not exceed 1.5% per annum.
It is assumed that this loan helps to strengthen the creditworthiness of Iraq, with the parliamentary finance committee criticized the borrowing Iraq from the IMF and the legacy of corruption gnaws circles of the state. (the compare news)
has developed a number of IMF conditions on lending to Iraq , including oversight ofthe auditing Iraqi financial institutions, and the reduction of social benefits, and not compromising the salaries of young staff, with the exception of second - class staff and first who are the rank of director general or above, and to impose a tax on them account.
premium Fund loan granted to Iraq to 17 , payment on the watch after each batch bridge the economic gaps by Iraq mechanism, what is so obvious evidence that the IMF questioned the credibility of the policies pursued by successive Iraqi governments over the past years after 2003.
as a result of this corruption fell proceeds; what contributed to the high number of poor people in Iraq for more than 10 million people while the country is witnessing a big wave of displacement exceeded 4 million Iraqis are suffering a lack of services or any chance to live decent, and the widening financial gap between expenditures and revenues to $ 50 billion , according to Iraqi government sources.
and the balance of payments recorded a deficit is financed sections of it by using reserve foreign , which shrank by 13% at the end of September 2015 , according to the international Monetary Fund and approval of the Iraqi government to do so.
He noted the IMF experts the following observations on the economic policies in Iraq:
1-lack of discipline in the public finances of the Iraqi state , expressing disappointment that the resource allocation process oil made on the basis of political considerations, rather than economic scientific.
2. the large banks in the name, size suffer according to the IMF experts severe shortage in the capital, Fmsrv Rasheed has half of the minimum capital requirements of 250 billion Iraqi dinars, or 214 million dollars. The Rafidain Bank , it has a minimum of five, while Islamic banks and the number of 6 banks operate without its own Islamic banking law. Although the number of banks in Iraq of 56 banks , there is no exchange of information among themselves about what the terms of existing borrowers or potential.
It is strange that the Iraqi banks do not apply the most basic assets of banking, because after thirteen years of change that took place in Iraq, they do not have a record internationally tariff, (IBAN), which is an essential and important in the global banking deal, because the corrupt do not want to link the Iraqi banking system with the global banking system to facilitate money laundering operations and the financing of suspicious transactions; what does this impact negatively on the development of the banking sector , dip the flow of foreign investment.
3. the presence of a large neglected in macroeconomic statistics, which suffer neglect and poor experience; therefore, most of the accounts that are prepared lacked quality, as a result of the comprehensive source of data on the activities shortage, the categories of spending in the gross domestic product, and according to the Fund 's expectations Iraq 's oil revenues will amount to 5 trillion dinars in the current year, and 12 trillion dinars in 2017, while public debt , it will rise to 66% of gross domestic product this year actually retarded the Iraqi economy and lack of confidence of international institutions and government departments that came to Iraq after 2003, not to mention Photo future is encouraging the Iraqi economy for these reasons that the imposition of several conditions the Fund to give Iraq any loans, and agreed with the Iraqi government on a number of measures, namely:
1-application of the "one treasury account", to prepare a list of accounts of all banks that are under the control of the Ministry of Finance, and identifying all sub -expenditures in the federal government.
2. disclose the size of dues to local contractors, and provide detailed accounts of social welfare, and the ration card.
3. stop any new appointments, with the exception of health, education and security sectors.
4. tighten controls on money laundering, demanding integrity Commission to investigate the financial assets of senior officials; to improve anti - corruption efforts, and promotion.
5. World Bank assistance to the Ministry of planning to carry out the reform of the"General investment management"; therefore face Fund experts to establish a central unit for the management of public investment to examine the projects based on the female students of the feasibility of the establishment of the so- called "integrated projects bank" management of the Ministry of planning, in order to increase investment spending, growth and achievement outside the oil sector.
6. supervision of Iraq 's debt and censored in addition to audit employees ' salaries to prevent manipulation, frequent payment or payment for so - called "aliens".
7. in a time when Iraq is suffering a severe shortage of services, especially electricity and water will increase the price of electricity for those who consume more than 600 kilowatts per month, and the Ministry of Finance has proposed taxing the salaries of employees of the second - class upwards, (Middle East online).
so it was better for the Iraqi government , rather than borrowing a process that will inevitably have negative effects on Iraq 's economic future and the dependence of the Fund, to be treated wounds itself by relying on their own resources, to stop the bleeding of corruption and procrastination law enforcement on the one hand, and reduce expenditures on the other hand, because the attempt serious to address the main causes of the problem, instead of seeking treatment results, states and governments when available has a real resolve crises and problems will, heading directly toward the real reasons for it, without any wrapping, sometimes no matter what, and at other times trying to process the results without the introduction of the reasons, the application of the argument "diagnosis of half medicine", the government should be more transparent in the diagnosis of the situation, and more procedural in traffic on the right track in processors, bearing interest of Iraq 's sovereign, and the national mind.
Highlights the seriousness of this corruption Iraq 's request to borrow from the International Monetary Fund; to address the deficit in the balance of payments on the one hand and dumping the Iraqi economy , debt and dependency an economic endless other hand; forcing Iraq to open the doors of its economy wide for interventions, and controlled by a subsidiary of the international Monetary Fund ,major companies, who will bear the future generations the burden of debt.
In the same context , the Iraqi government signed the so - called agreement warm -measures with the Fund ; because of acute shortages and balance of payments deficit of Iraq in light of the financial crisis, and corruption , stifling the economy and waste of public money to the state, and these measures represent a program overseen by the Fund with the help of the World Bank; to help their member countries, which are facing such crises.
originated the international Monetary Fund by the end of the war second World which claimed the lives of tens of millions, as it met in 1944 , representatives of 44 countries at a conference in Bretton Woods , USA, where they put the plans in order to stabilize the global financial system and encourage the development of trade, remove obstacles in the long term on lending and international trade, and the reconstruction of Europe.
and came out of the conference Bretton Woods, whose primary mission overseeing the international monetary system and strengthen and to provide advice to its members on economic policies, and provide loans to the Member States, and control of recycled Convention. the
fund gets its funds from the member countries, and depending on the size of the quota is determined by the number allocated to each country votes in the fund member, and the limits of borrowing provided by his fund, the greater the size of the country 's economy in terms of output, increased its stake in the fund, the United States of America, which is the largest economy in the world, and contribute the lion's share in the international Monetary Fund and a share of the 17.6% of the total quotas,
can not be separated World Bank action which works on the development of developing countries, the fight against poverty and the development of financial systems of the Member States for the work of the international Monetary Fund, they are working in parallel and cooperation, and are linked organically, and to any State that becomes a member of the World Bank requires her to be a member IMF first.
and that 's where the international Monetary Fund works as an umbrella safety and the protection of international financiers , as they can be Akarzoa their money without caution or concern at will when the liquidity they have, the fund repayment to them and ensures that no matter what the conditions are , and the results, note that this is contrary to the principle of a free market, which states: "borne by the lender and the borrower 's part of the responsibility because of making lending decision"; which means that the financiers are making gains and profits under all circumstances, while the borrower pays high prices in the cases of right and wrong, (vow of globalization / Abdul Hai Yahya Zaloom).
in May / May 2016 and the IMF agreed to give Iraq a loan of $ 5.4 billion over three years, and was the first value of a batch of the loan of $ 600 million, and the unfortunate fact that are lending to the oil country program application, so how about if this is the state of the world 's richest nations like Iraq; and it raises doubts about the issue of borrowing.
the financial and administrative corruption and financial crises in Iraq sapped its economy because of lower oil prices , Iraq has lost 85% of the strength of its economy; for adoption mainly on oil, causing paralysis of the economic movement init, "because the rentier mentality government works depends on the sale of crude oil, and the principle of maximizing financial returns far from achieving sustainable development , growth rates, and this is a deficiency and clear to the political system and a lack of experience on how economic life management and reforms and management of crises, and do not keep up with developments in the economic and political environment and revolution technological locally and abroad; the creation ofthese crises, so it was necessary , the relevant macroeconomic management, a series of actions which is evaluating the reserves of the state of the foreign public debt ,currencies, after the general financial evaluation and availability of financial resources for investment, as there must be an order of priority that would achieve economic reforms, and all of these reasons and the absence of economic decision to address the crises reflected negatively on the economic situation of the government and brought it to borrow money from the international Monetary Fund.
economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh , said that the loan was worth $ 5.4 billion.
and that the interest rate on this loan does not exceed 1.5% per annum.
It is assumed that this loan helps to strengthen the creditworthiness of Iraq, with the parliamentary finance committee criticized the borrowing Iraq from the IMF and the legacy of corruption gnaws circles of the state. (the compare news)
has developed a number of IMF conditions on lending to Iraq , including oversight ofthe auditing Iraqi financial institutions, and the reduction of social benefits, and not compromising the salaries of young staff, with the exception of second - class staff and first who are the rank of director general or above, and to impose a tax on them account.
premium Fund loan granted to Iraq to 17 , payment on the watch after each batch bridge the economic gaps by Iraq mechanism, what is so obvious evidence that the IMF questioned the credibility of the policies pursued by successive Iraqi governments over the past years after 2003.
as a result of this corruption fell proceeds; what contributed to the high number of poor people in Iraq for more than 10 million people while the country is witnessing a big wave of displacement exceeded 4 million Iraqis are suffering a lack of services or any chance to live decent, and the widening financial gap between expenditures and revenues to $ 50 billion , according to Iraqi government sources.
and the balance of payments recorded a deficit is financed sections of it by using reserve foreign , which shrank by 13% at the end of September 2015 , according to the international Monetary Fund and approval of the Iraqi government to do so.
He noted the IMF experts the following observations on the economic policies in Iraq:
1-lack of discipline in the public finances of the Iraqi state , expressing disappointment that the resource allocation process oil made on the basis of political considerations, rather than economic scientific.
2. the large banks in the name, size suffer according to the IMF experts severe shortage in the capital, Fmsrv Rasheed has half of the minimum capital requirements of 250 billion Iraqi dinars, or 214 million dollars. The Rafidain Bank , it has a minimum of five, while Islamic banks and the number of 6 banks operate without its own Islamic banking law. Although the number of banks in Iraq of 56 banks , there is no exchange of information among themselves about what the terms of existing borrowers or potential.
It is strange that the Iraqi banks do not apply the most basic assets of banking, because after thirteen years of change that took place in Iraq, they do not have a record internationally tariff, (IBAN), which is an essential and important in the global banking deal, because the corrupt do not want to link the Iraqi banking system with the global banking system to facilitate money laundering operations and the financing of suspicious transactions; what does this impact negatively on the development of the banking sector , dip the flow of foreign investment.
3. the presence of a large neglected in macroeconomic statistics, which suffer neglect and poor experience; therefore, most of the accounts that are prepared lacked quality, as a result of the comprehensive source of data on the activities shortage, the categories of spending in the gross domestic product, and according to the Fund 's expectations Iraq 's oil revenues will amount to 5 trillion dinars in the current year, and 12 trillion dinars in 2017, while public debt , it will rise to 66% of gross domestic product this year actually retarded the Iraqi economy and lack of confidence of international institutions and government departments that came to Iraq after 2003, not to mention Photo future is encouraging the Iraqi economy for these reasons that the imposition of several conditions the Fund to give Iraq any loans, and agreed with the Iraqi government on a number of measures, namely:
1-application of the "one treasury account", to prepare a list of accounts of all banks that are under the control of the Ministry of Finance, and identifying all sub -expenditures in the federal government.
2. disclose the size of dues to local contractors, and provide detailed accounts of social welfare, and the ration card.
3. stop any new appointments, with the exception of health, education and security sectors.
4. tighten controls on money laundering, demanding integrity Commission to investigate the financial assets of senior officials; to improve anti - corruption efforts, and promotion.
5. World Bank assistance to the Ministry of planning to carry out the reform of the"General investment management"; therefore face Fund experts to establish a central unit for the management of public investment to examine the projects based on the female students of the feasibility of the establishment of the so- called "integrated projects bank" management of the Ministry of planning, in order to increase investment spending, growth and achievement outside the oil sector.
6. supervision of Iraq 's debt and censored in addition to audit employees ' salaries to prevent manipulation, frequent payment or payment for so - called "aliens".
7. in a time when Iraq is suffering a severe shortage of services, especially electricity and water will increase the price of electricity for those who consume more than 600 kilowatts per month, and the Ministry of Finance has proposed taxing the salaries of employees of the second - class upwards, (Middle East online).
so it was better for the Iraqi government , rather than borrowing a process that will inevitably have negative effects on Iraq 's economic future and the dependence of the Fund, to be treated wounds itself by relying on their own resources, to stop the bleeding of corruption and procrastination law enforcement on the one hand, and reduce expenditures on the other hand, because the attempt serious to address the main causes of the problem, instead of seeking treatment results, states and governments when available has a real resolve crises and problems will, heading directly toward the real reasons for it, without any wrapping, sometimes no matter what, and at other times trying to process the results without the introduction of the reasons, the application of the argument "diagnosis of half medicine", the government should be more transparent in the diagnosis of the situation, and more procedural in traffic on the right track in processors, bearing interest of Iraq 's sovereign, and the national mind.
[You must be registered and logged in to see this link.]
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
» Finance Committee discusses revenue enhancement and investment budget allocations with governors
» His advisor: Al-Sudani's visit to Kurdistan focuses on these files
» Al-Tamimi explains the importance of the real estate return law
» MP: The administrative capital is a project under study and 2025 is the decision date
» Parliamentary Planning: Al-Sudani's government has not achieved what it pledged in its program
» MP: Baghdad has started funding the governorates to complete their projects
» Al-Haboubi: The Riyadh Summit ignored the most important item that would force the entity to stop th
» Foreign remittance sales increase by 99% at Central Bank auction
» Trade Bank of Iraq clarifies interest rates on its loans in 5 areas
» Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
» Bitcoin Approaches $90,000 for the First Time Ever
» Minister of Electricity directs investigation into high electricity bills
» Iraqi Ministry Approves Contract Fixing
» Iraq prepares investment portfolio to attract $250 billion in two years
» What is the cost of the population census in Iraq?
» Parliamentary Finance Committee discusses investment budget allocations with a number of governors
» President of the Republic: Iraq is fulfilling its obligations under the climate agreement
» The position of truth
» The government places achieving development among the priorities of the 2025 budget
» Next Thursday .. Planning begins the first step of the census
» The utility of the population census
» Iraq needs to address funding issues
» The risk of oil supply disruption has receded.
» Parliamentary Finance Committee discusses with a number of governors the allocations of the investme
» Integrity: Two new rulings issued against the director of a government bank in Diyala
» Federal Ministry of Finance returns payrolls of regional employees due to technical problems
» Iraqi analysis of the results of the "Riyadh Summit": Ink on paper and will not change anything in r
» Finance Ministry approves the establishment of all contracts in justice institutions
» In various fields.. Preparations to launch a group of "unprecedented" investments in Iraq
» Al-Sudani's advisor announces US Treasury support mechanisms for Iraq
» Indomie and dollar smuggling: Has fast food become a cover for currency smuggling from Iraq?
» Including personal status.. Former MP: Parliament will resume work next Saturday to pass laws
» Politician: America has put Iraq at its mercy and controls all its imports
» “Political” Interventions in Nineveh Education... Transferring Staff and Appointing “Contractors” as
» Al-Sudani at the Riyadh Summit... and American messages may be passed to Tehran via Baghdad
» Is the Grand Faw Port Iraq's gateway to global trade?
» After extending its legislative term... Why has Parliament not held any session yet?
» Karrada bids farewell to its trees: Road expansion sparks controversy over the future of the environ
» Victory Coalition talks about the outbreak of a “war of leaks” and reveals an external breach
» Al-Mashhadani confirms to the US Ambassador the importance of resolving the security agreement file
» Al-Sudani: Iraq strongly renews its initiative to establish an Arab and Islamic fund
» Al-Khazaali: The importance of activating cooperation mechanisms between Iraq and Azerbaijan in the
» Al-Araji and Salami discuss details of joint security agreement and border control between the two c
» Al-Sudani and Bin Salman stress the need to coordinate positions to stop the war and provide relief
» Parliamentary Finance: The government has started preparing the 2025 budget
» Al-Sudani to Bin Salman: We appreciate the efforts made by the Kingdom to hold the summit called for
» What did Iraq achieve in its meetings with the US Treasury, and did it succeed in controlling the sa
» Morning list of dollar exchange rates in Iraq
» Ziggurat of Aqar Quf.. A new step to choose Baghdad as the Arab Tourism Capital for the year 2025
» Notice regarding applying for the free scholarship channel for the medical group colleges
» After questions published on Alsumaria.. Planning sends a message to Iraqis: Don't worry
» Al-Mashhadani to the US Ambassador: The importance of resolving the security agreement file by the e
» Mr. Al-Hakim: We support the automation of government sectors to stimulate the economy and move prod
» Embezzlement of 570 million dinars from a bank in Babylon
» The housing dream is fading away: Are housing complexes only for the wealthy?
» Economist identifies main reason behind dollar's rise
» Al-Mutalibi: The Riyadh Summit is a preparation for the American project towards Palestine
» With the document.. The State Council completes the review of the law on the care of minors in Iraq
» Private banks' capital in Iraq increased by 7.3%
» Integrity Commission begins investigation into audio recording attributed to Al-Sudani's chief advis
» Among them is Iraq.. the country that bought the most gold in 10 years
» Ministerial team conducts field visits to local factories in Baghdad
» The truth about canceling a paragraph in the population census form in Iraq
» Iraq returns 7 Iranian trucks loaded with tomatoes
» New image of Iraq
» Automation to monitor the operation of government and private generators
» Lifting the ban on Iraqi ships next year
» Guaranteeing the rights of workers in the private education sector
» UN to Al-Sabah: The Iraqi government has made progress in the environmental file
» {Automation}.. A new procedure to monitor the operation of generators
» Tourism: Closure of more than 85 percent of violating companies
» Transport leads campaign to rehabilitate railway lines and locomotives
» Economic partnerships and investments in the real estate market in Sulaymaniyah
» Iraqi private sector accreditation
» Experts: Faw Port is Iraq's gateway to a global economic future
» Ihsan Al-Shammari: Trump's policy towards Iraq will differ from the Biden administration's... and th
» The Minister of Trade discusses with the Mayor of Baghdad the development of joint cooperation and t
» Bitcoin Price Surpasses $80,000 for the First Time
» Al-Sudani heads to Saudi Arabia to participate in the Arab and Islamic Summit
» Oil Minister discusses with Jordanian Ambassador in Baghdad joint cooperation between the two countr
» Revealing the content of Al-Araji’s visit to Tehran: Baghdad’s message for a new roadmap in the regi
» Al-Hindawi to Baghdad Today: All problems regarding the population census in the disputed areas have
» Agriculture says it has passed the stage of rising prices of vegetables and meat in Iraq
» {Automation}.. A new procedure to monitor the operation of generators
» Statement from the government on Iraq's participation in the Riyadh Summit
» Iraq calls on Türkiye to rebuild Mosul
» The leaks crisis “gets more complicated” and the government complains of “targeting”.. Al-Sudani’s c
» Ministry of Oil: Oil Products Distribution Company continues to develop government fuel filling stat
» Parliamentarian reveals the component that rejects passing the “Real Estate Return” law in its curre
» Parliamentarian: Basra-Aqaba pipeline paves the way for normalization
» Nechirvan Barzani's attendance at Baku summit strengthens Kurdistan's position as a destination for
» In Tehran, Iraqi National Security Adviser Discusses “Widespread Conflict” with Iranian Foreign Mini
» “Indomie” in Iraq: A popular dish or a dollar smuggling?
» Parliamentary move to question the governor of the Central Bank of Iraq
» The Democratic Party reveals the reasons for delaying the formation of the regional government
» Framework “worried” about Trump’s backtracking on withdrawing US troops from Iraq
» The President of the Republic heads to Azerbaijan tomorrow to participate in the Climate Conference