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loop believes IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY.
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loop believes IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY.
loop
If they (IMF, WB, UN, UST) pushed them out of the nest, when they were not ready (as some have alluded to) their economy would go splat on the ground like Wylie Coyote.
And there is no way they (the world ) want that to happen. Just look at their actions that they have taken to guide Iraq in getting this right.
Article quotes: "Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world." "the size of a large work is almost not available in all countries of the world"
THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES.
Quote: "to be the basis of national duty starting a new phase reaches us safely economic"
IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY.
WHAT IS THAT PHASE? IMO... JOINING THE WORLD MARKETS.
2-14-2017
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The banking sector is light years ahead of where it was just a year ago.
All of their actions point to getting ready to for entry into the world markets.
IMO.
02.12.2017
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Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" So representatives from US Treasury, New York branch of the Federal Reserve, and the manager for the Bank of York flew all the way to Iraq to pat them on the back and say good job. This in and by itself is great news...
However the more that I think about this the more convinced I am that there is more to their visit then what the news is reporting.
STILL LOVING THE NEWS.
2-11-2017
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Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks"
The Association of Private Banks had a meeting.
Look who was there! Look at the focus of the meeting. Current efforts to combat terrorist financing and money laundering as well as continued training of employees in the aforementioned areas and providing the best banking services.
John Sullivan, the US Treasury representative currently stationed at the the US Embassy in Baghdad, "expressed appreciation" for their efforts. John Sullivan is the same person who made the statement back in December that Iraq has accomplished more financial sector reforms during 2016 then in the previous 13 years combined.
We continue to see outside financial/banking concerns expressing how well Iraq is doing with reforms in this area.
They still have lots of work to do, but they continue to take the needed steps to enter the global financial markets again...IMO.
Article: "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks"
Quote: "Parliamentary Finance Committee has proposed converting an Iraqi insurance companies to the guarantor institution to domestic banks in order to restore trust between the citizen and the banks."
This is something right out of the IMF SBA banking reforms.
They need to guarantee those deposits and it appears that they have figured out a way to do just that. If the citizens do not trust the banks the economy will struggle.
The banks need the liquidity.
02.10.2017
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Article: "Sabri: government measures raise customs state revenues"
Iraq went from collecting 1/2 a billions dinars in customs duties in Jan 2016 to finishing the year with 24 billion dinars collect for the entire year.
More than quadrupling January 2016 custom duties every month.
And they are still fixing working on fixing some of the issues that have come to light at some of the points of entry.
Again this is right in line with the IMF's SBA.
2-8-2017
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