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Operation Disclosure https://operationdisclosure.blogspot.com/ RV/INTELLIGENCE ALERT - October 23, 2017 CERTAIN THINGS ARE CURRENTLY...

Wednesday, August 2, 2017

"Only a Matter of Time" - Wed. PM KTFA Thoughts/News

KTFA

SillyTilly » August 2nd, 2017


Frank or admins, please don't take this wrong, I know I will get a lot of static for this. I read everything and know we are further then we have ever been before, but I can't shake the admin who stated on here that if this doesn't go by July then it won't happen till next year.

Please please give this Sillytilley some kind of reinsurance..been with you all for about 9 years so I have seen all the disappointments through the years. Thank You

Purifiers » August 2nd, 2017

Hi Silly, no one knows the date, not even the admins... however, Frank will address some very "hopeful" information on tonight's CC, our friend in Iraq is quite excited that they are paying in a new rate now to their employees... its only a matter of time that we have that rate too... IMO

JamesSheila » August 2nd, 2017

Dear KTFA family,

Please help. The IMF started that they are "maintaining the peg of the Iraqi dinar to the U.S. dollar. Does this mean that that dinar will stay at 1160 dinar to one dollar? and slowly change? I'm somewhat confused. Any help will be appreciated.

IMF Executive Board Completes Second Review of Iraq’s Stand-By Arrangement and the 2017 Article IV Consultation

August 1, 2017

The authorities are appropriately maintaining the peg of the Iraqi dinar to the U.S. dollar,which provides a key anchor to the economy.

Measures to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation need to be implemented.

The authorities are implementing a sizable fiscal adjustment, mostly through retrenchment of inefficient capital expenditure while protecting social spending.

Don961 » August 2nd, 2017

What Is a Peg to the Dollar?

Why Countries "Peg" Their Currency to the Dollar

https://www.thebalance.com/what-is-a-peg-to-the-dollar-3305925

Iraq's true rate was dropped because of the war with Sadaam and sanctions put in place ... it is artificially low compared to the actual wealth of the country ... so they have been working hard with the UN and International Agencies to do the things necessary to regain trust and restore their currency's value to it's former glory ...

it is a source of pride and prestige for the country ... and reflective of the true wealth of the nation ...

on the international economic scene ... pegging to the dollar doesn't mean it must stay at the program rate of 1160 .... they are graduating out of that program and getting their degree so to speak ..

Walkingstick » August 2nd, 2017

International Monetary Fund confirms Iraq's commitment to the reforms required by the Second Review of the Credit Standby Agreement
http://www.alsumaria.tv/news/2.....%D8%A8/ar#

URGENT International Monetary Fund: Success of Iraq's Credit Preparedness Consultations
http://alforatnews.com/modules.....yid=147520

International Monetary Policy: Iraq's economic policies to deal with shocks are appropriate
Link

Iraq in market to raise $1 billion, first standalone bond in over decade
https://www.reuters.com/article/us-iraq-bond-idUSKBN1AI1KP

For the first time in 10 years .. Iraq alone in the bond market
http://www.shafaaq.com/ar/Ar_N.....76380a9d83

Iraq launches first independent bond sale
https://www.ft.com/content/732466d0-13d2-33a9-a4e7-7abbb8c9f84f

Iraq returns to debt market with $1bn offering
First unsupported bond in more than a decade is a milestone for the country seeking to rebuild its economy
https://www.thenational.ae/business/markets/iraq-returns-to-debt-market-with-1bn-offering-1.616342

Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction .. Economic forum expected in Baghdad
http://baghdadtoday.news/ar/ne.....8%A7%D8%AF

Abadi announced the launch of a large economic program to support investment activities
http://almasalah.com/ar/news/1.....9%8A%D8%A9

Abadi chairs the meeting of the Higher Committee for Investment and stresses the importance of launching a large economic program
http://www.mawazin.net/%D8%A7%.....9%8A%D8%B1

UN funds rural areas freed through "mobile phone
http://baghdadtoday.news/news/.....8%A7%D9%84

UN launches cash-for-work program in Iraq
http://www.alsumaria.tv/news/2.....4%D8%B9/ar

International Monetary Fund: Iraq's debt will rise next year to 132.6 billion dollars
http://economy-news.net/conten.....hp?id=8548

Angelgirls » August 2nd, 2017

With all those articles I don't think Iraq could have screamed it any louder

Kyrie79 » August 2nd, 2017

If the IMF is happy...so should we…..who says Iraq never completes anything...

WN3 » August 2nd, 2017

Obama's non affordable don't care act carries a 3.8% surcharge on people making more 200K and up. Keep that in mind as you work through strategies if this thing actually goes through at the kind of rates people are hoping for....IMO

Walkingstick » August 2nd, 2017

Advisor Abadi: sources of external funding to bridge the deficit of the budget in 2017 amounted to 3 billion dollars


08/03/2017

The recent consultations with the International Monetary Fund (IMF) ended with great success and represented an important prelude to the meeting of the Executive Board of the Fund last month to approve the release of $ 840 million in the completion of the Second Review of the SBA. "The World Bank has promised to continue its support for various financing programs to promote infrastructure and reconstruction within the program of loans or financing the so-called development program, both from World Bank resources itself or the contributions of donor countries, especially the Group of Seven industrialized countries" .

Saleh added in a statement to (the extent), that "the IMF has some calculations to calculate the cost of building the model in the macroeconomic stability of Iraq during the coming period, he wants to complete that information, especially in the subject of electric power sector."

"SBA loans are spread over a period of 36 months at about $ 5.3 billion, a similar amount and for the same period of World Bank loans and concessional parallel financing for the G7," he said.

Saleh added that "the sources of external funding to bridge the deficit gap in the budget of 2017, $ 3 billion, distributed between 50% of the contribution of the Fund within the total loan of $ 5.3 billion, and the second half contribution of the World Bank and some countries of the G7, which represents parallel funding For the World Bank loan, all of which will be withdrawn in the second half of 2017."

He pointed out that " The recent consultations in Washington, with the International Monetary Fund and the World Bank, have been positive despite some technical details, and it is hoped that Iraq will receive grants and soft loans of more than $ 3 billion during the current year 2017 to support the budget and reconstruction and investment projects in " Saleh said,"

The important thing in terms of the credit program with the IMF is two issues, the first is the ability to continue and develop the energy sector in complex market conditions suffered severe crises, and the other is the wise financial management that enabled the country to overcome its ordeal And the night of the deterioration of oil revenues, as well as large expenditures in the budget, which contributed to the crushing of terrorism and the liberation of man and land and finally the success of the price system and the stability of the overall level of prices and the ability to balance this conservation of the safe level of international reserves of Iraq.

It is noteworthy that the International Monetary Fund, confirmed on Wednesday, Iraq's commitment to the reforms required in the second review of the Convention on credit readiness, indicating that this will prepare for the third review, which will begin in September. The Central Bank of Iraq said in a press statement that " The International Monetary Fund congratulated the Central Bank, the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultations of the Credit Accreditation Agreement after the implementation of the programs and the financial and monetary targets and putting them within the framework of securing the financial stability of Iraq and facing financial and security challenges.

He added that "the program includes a series of reforms and goals have been committed to the benefit of Iraq, the latest supplementary budget approved by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform." The bank pointed out that "

The decision of the Board of Directors of the International Monetary Fund to approve the report of the Fund team, which included the fulfillment of the objectives and plans contained in the agreement, will provide an important signal for international institutions and major countries to provide their funding and facilities to support the financial situation in Iraq by supporting the financing of the State budget and projects. And the IMF's statement will lead to the third review, which will begin next September, to continue the program and the external support of Iraq. "In July 2016, the Executive Council agreed to the agreement The US $ 5.34 billion credit is part of Iraq's economic reform program.

http://almadapaper.net/ar/news.....9%84%D8%B3

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