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tlm724 says Our ship is coming in...and the IMF is indeed at the helm!
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tlm724 says Our ship is coming in...and the IMF is indeed at the helm!
tlm724
Article quote: "...the arrangements made by Iraq with the International Monetary Fund represents a prelude to Moisrh the international community for Iraq and take it out of financial distress..."
This just solidifies all the evidence we have seen indicating that the IMF has taken control and will lead Iraq to the promised land of a free market economy and international status including and not limited to full membership in the WTO and a recognized dinar that will trade freely.
All these things are an established economic plan used by many emerging economies!
Our ship is coming in...and the IMF is indeed at the helm!
~~~~~~~~~~
here it is in a nutshell, the CBI spent most of their efforts in making money off the auctions period!
Sure they put in a few regulations here and there, increasing the required liquidity of the banks etc... but they sure didn't do more than that in the recent past during Alak's time. We have not seen much action from the CBI to do it's part for the advancement of the free market economy!
Now today I do see where things are shifting for the better.
There are laws that need to be passed to insure a smooth transition from a rentier economy and since it appears the IMF has set conditions to bailing Iraq out this is the best shot they have at making things right!
~~~~~~~~~~
Article: "IMF loan makes Iraq subject to international economic standards" Quotes: "the International Monetary Fund, World Bank and international partners have agreed, in the May 19, 2016, to give Iraq a loan of $ 15 billion at an interest rate of 1.5%" "Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory."
mandatory requirements that Iraq MUST abide by, period! The IMF HAS set conditions to this bailout.
Last edited by Ponee on Tue May 31, 2016 11:14 am; edited 1 time in total
Ponee- Admin
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Re: tlm724 says Our ship is coming in...and the IMF is indeed at the helm!
None of which say they have to increase the value of the IQD.
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Kevind53- Super Moderator
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Re: tlm724 says Our ship is coming in...and the IMF is indeed at the helm!
Only in dinarland does EVERYTHING lead to an RV
Ponee- Admin
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