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Sunday, May 21, 2017

"Are We All Missing Something?" - Sun. PM KTFA Thoughts/News


Aggiedad77 » May 21st, 2017

FRANK......IMO big news here.....ability to repay debt.....because of credit improvement......oh yeah we heard that credit improvement stuff on a past CC.....but still they are speaking here IMO about something we all are interested in....

Because to see that credit rating improve....one ought to have something better than a Program Rate for this all to happen I would think....and there's talk here again about OIL PRICES pushing upward again....just what we want to hear and see.....borrowing internally.....they say.....oh that sounds like a CC topic.....wanna take it on. Aloha Randy

Don961 » May 21st, 2017

Iraq confirms its ability to repay financial debt

Journal May 21, 2017

BAGHDAD - The Journal News

Some believe that Iraq has a heavier internal and external debt while the parliamentary Economic Committee believes that the country is able to repay the debt and it is in a sound financial position, while the government asserts that Iraq is a country rich in resources and what he could repay his trust.

Parliamentary Finance Committee member Jabbar al-Abadi said that Iraq is able to repay his trust debt because it fulfilled its obligations and benefits as evidenced by the high rating Iraq credit rating by international agencies, "noting that" this matter indicates that the country is able to pay back what Bzmtha is in the financial position sound".

Among Abadi, in an interview for «Journal News», that "the debt owed by Iraq, most of them earlier and the amount borrowed this government a few", drawing attention to the "loans taken not only for the purpose of operational projects but were investment to be able to pay off the debt."

The member of the parliamentary finance committee that "the mechanism of the Government was clear that these amounts for investment projects be for the government to fulfill its obligations," adding that "the debt was low and comfortable benefits of good by and from institutions and international banks to support the budget."

He said Abadi, that "some are trying to link the public debt of Iraq, the current government and the current circumstances, but the public debt of the country is estimated at $ 111 billion and external debt stood up in 2014 nearly 56-billion, but after that date, Iraq has borrowed up to 12 billion only been borrowed externally ".

He pointed out that "the $ 56 billion each year before 2003 and amounted to about 41 billion, debt outside the Paris Club was not subject to the settlement that has been in the club and that most of the countries that have been leveraged from it did not call them until the moment."

He noted that "the remaining debt up to 40 billion, or slightly less than an internal debt was up to 50% before 2014," noting that "the amount realized from 2014 until 2016 came in order to pay the salaries of self-financing loss-making companies."

Among Abadi, that "in the budget of 2015 and 2016 were the banks to pay salaries to companies losing under treasury bonds from the government, either the government in 2017 the government began to give the money directly and without borrowing."

For her part, the government indicated that most of the debts owed by Iraq are internal, while drawing attention to the country's rich and can rely on new sources of revenue without the need to borrow.

The Prime Minister for Economic Affairs Advisor Dr. Abdul Hussein Al-Anbuge's «Journal News», that "Iraq hopes in the future that oil prices rise again to allow him to pay off his trust," he said. "Most of these internal debt and not external and then the payment is much easier ".

He Anbuge that "every religion carries within the payment mechanism, which depends on the size of these debts," noting that "most of them soft loans and the grace period."

Economic Advisor to the Prime Minister, said, "he said the government is seeking to diversify the economy and revenue sources to reduce dependence on debt by activating the state factories and the participation of its own sector, or the sale of agricultural and industrial land to local investors, as well as a marked increase in taxes and fee income all of which constitute sources of support the state budget without the need to borrow, "noting that" has been reduced borrowing during the current year, with the exception of bonds issued by the government. "

While noted economic expert Abdul Karim Jaber Hnjar to, "the existence of means of soft against Iraq if it chose the principle of differentiation in the selection of loans, the first of the investment and then followed by the World Bank loans and some international organizations and bilateral loans between Iraq and a number of financial abundance countries, while the international Monetary Fund loans from foreign loans for countries that have received or are trying to get them. "

He Hnjar, "This procedure makes the International Monetary Fund as a trusteeship owner of the economic programs in those countries is natural that these conditions are put in front of Iraq some trouble that lead to the lifting of government support for some of the poorer segments that are already in need of support, as well as to other conditions relating to the duration of the repayment and interest, and such loans issued by the international Monetary Fund is far from the status of soft loans or difficult to be. "


Don961 » May 21st, 2017

Iraq's special forces shrink ISIS stronghold in western Mosul

May 21 2017 01:40 PM

Iraq's special forces declared their aspect of the mission to reclaim Mosul completed on Saturday. However heavy fighting still looms between other Iraqi forces and ISIS terrorist group as it clings to a dwindling portion of Iraq's second largest city, Associated Press reported on Sunday.

ISIS still controls some eight square kilometers of western Mosul, including the dense Old City where some of the toughest battles are expected to play out.

It remains to be seen which of the multiple government forces encircling Mosul will be tasked with assaulting the final ISIS stronghold districts.

Special forces spokesman Sabah al-Numan said his troops had finished retaking the area assigned to them, but stood ready "to support any other forces if we are ordered to by the Prime Minister."


Upstart » May 21st, 2017

Are we all missing something here …hmmmmmm

We have all been watching the Saudi visit for obvious reasons. Abadi was mooted to be attending the summit, but no, Fausum went as head of delegation.

Are we confusing two separate meetings I wonder ? Bear with me on this.....

I just checked the notes I scribbled when we started getting details of the schedule for the Trump safari :

Friday 19th Travel to Saudi Arabia
Tuesday 23rd Conference in Saudi and Abadi invited (Pretty sure that came from an article posted here)
Wednesday 24th Jerusalem
Thursday 25th NATO, Brussels
FRIDAY 26th G7 meeting, Sicily Suspect Vatican visit immediately before or after.

See what I mean ? ......

We may yet see Abadi in Saudi Arabia, particularly after the apparent consensus there today.

We all seem to agree that there is a timeline here. Maybe this schedule is giving us a clue. I can picture certain happenings, immediately prior to Abadi attending on Tuesday. Food for thought.

Aggiedad77 » May 21st, 2017

Uppy......wow to think a Brit and Texan could think so closely alike. Aloha Randy

StephenMac63 » May 21st, 2017

Dates I am looking for:

Any Given Sunday (self explanitory as it is the start of the business week for Iraq)

June 31st (Absolute last day of first half of 2017)

June 10th (Date recognized of the declaration the caliphate)

May 21st (When Abadi's membership to Premium Chat expires)

Anyday (When Abadi feels its ready to go or when the PTB start slapping liens on the country) lol

Jay » May 21st, 2017

WOWOWOWOWOWOWOWZERS. Josh. Looks like you found another FINAL ARTICLE..

JamJam1280 » May 21st, 2017

Experts: float the currency needs to be a productive economy and not Rieia

o Baghdad / term

Specialists show in economic and financial affairs strong rejection of the proposals , which proposes to float the Iraqi dinar to reduce its value for the US dollar, and stress the importance of changing the balance of payments deficit and adjust if it, in favor of the opinion of the financial advisor to Prime Minister Dr. The appearance of Mohammed Saleh, Mahdhir cut the Iraqi dinar value of what could result in this economic and financial security crises.

Does not believe d. Saleh in an interview (term) that would reduce the value of the dinar to fill the budget deficit, but in return will contribute to the creation of expectations of inflation and unrest price , raising the cost to the budget itself, especially variable costs Kalmquaolat, procurement and contracts in foreign currency and the value of imports of the state.

He adds Saleh: Yes , the reduction in the exchange rate of the dinar could leave traces in the promotion of exports, but because of the weak diversification of the economy makes the reduction that leaves scars similar to those experienced by the limited classes of income economic blockade time in the nineties of the last century, especially if the reduction of high rates .

And it corresponds to the benefit of opinion with the view of the head of the IMF mission in Iraq , Christian coconut in an interview earlier (range), where he stressed that the Fund believes it is appropriate to maintain the linking of the Iraqi dinar in US dollars, since the devaluation of the currency does not bring a great benefit to the economy as some believe , but It may cause a sharp increase in inflation.

For his part , says economist Ahmed Hussein said in an interview (range): I support the view of the financial adviser to the prime minister, that he no room to talk in light of the current situation on the reduction of the local currency, especially as security, economic and political situation , which is going through the country confirms that it is not the Iraqi economy and the interests of the Central Bank of the interest of the devaluation of the dinar against the dollar.

He adds Hussein: to float the currency now in Iraq can not talk about that simple, as needed to advance measures ... it could be done if the transformation of the Iraqi economy from a yield to productive, in the sense to expand the productive base begins Iraq to change the balance of payments from the case of the deficit to the case of surplus, and this must be backed by big al - Qaeda production, only here we can talk about reducing the value of local currency against the dollar, because we are in time we will have a production base based on the economy, therefore , be the Iraqi currency is a protected national product.

Saleh, criticized calls for lowering the value of the Iraqi dinar against the US dollar, stressing the seriousness of the Iraqi economy. As he pointed out to the presence of actors and personalities working to promote the idea of the deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living and hit stability in order to impose emergency cash tax affecting all segments of the people, which is inflation, and the creation of a deliberate deterioration of the standard of living in order that the state clog some deficits without to think about the management of revenues from outside oil revenues.

The promotion of topics argumentative economic incomplete eligibility at the time of the war that the country is waging against terrorism and take it is a desperate attempt of a group of haters who want to weaken the state and the rumor of despair, there is ignorance programmed the Iraqi street process to spread the spirit of despair, we should be wary of agendas promoted by forces driven by suspicious negative in the positive financial conditions is a victory and get out of the neck of the bottle, as well as the military victory and liberate the land and man from the clutches of terrorism.

It indicates the general federal budget law in one of its paragraphs to the central bank 's commitment to identifying sales of hard currency ( the dollar) in the daily auction ceiling does not exceed 75 million dinars a day with the exercise of justice in the sales process, and calls for the participant in the auction bank to provide goods enter documents and data tax settling accounts and savings Alkmarki within 30 days from the date of purchase amount and otherwise applied to the bank penalties stipulated in the Central Bank Act or regulations issued from it, and the use of other banking instruments so as to maintain the strength of the dinar against the dollar LINK

Don961 » May 21st, 2017

This is saying .. The seasoned US-trained/assisted Counter Terrorism Units finished what they were brought in to do ... taking over the northern sections ... pushing remaining Daesh towards the Old City ..and what's left is mopping-up operations to be performed by the Rapid Response Division and Federal Police ... Counter Terrorism headed elsewhere .. perhaps Tel Afar , Hawja ... to help push remaining Daesh from the rest of the country ..

Mike9339 » May 21st, 2017

I've read that the Counter Terrorism Units and Special Forces units have all completed what they were brought in to do, and have left the areas.....Then I read that some of the most intense, difficult fighting remains because of the narrow roads, tight quarters, etc....Wouldn't it make sense to keep the highly trained units there to "liberate" those remaining areas quicker, possibly suffering fewer friendly casualties?

Frank26 » May 21st, 2017

Not if it is already Liberated.......... And BOTH Army Leaders say to the Iraqi Police ............ Take over.

Don961 » May 21st, 2017

Iraqi Army closes in on complete Mosul victory as ISIS clings on to last three districts

By Chris Tomson 20/05/2017

DAMASCUS, SYRIA (4:50 P.M.) – Intensified counter-insurgency efforts are bearing fruit in Mosul as the Iraqi Armed Forces liberated three more ISIS-held neighborhoods on Saturday.

Amid the last stage of the Mosul battle, the Iraqi Army was able to wrestle control of the Iqtisadiyeen district, Al-Rabi’ district and highly fortified ’17th Tammuz’ district; the latter holds symbolic significance for the caliphate as it was the first large suburb to fall into ISIS hand in 2014.

Effectively, the Islamic State now controls merely three districts in Mosul city; namely the Al-Shafaa, Al-Zinjiji, and Old City neighborhoods. These ISIS-held areas are centered along three bridges on the western bank of the Tigris River.

The Old City district is nevertheless the most densely populated neighborhood across Mosul and houses the Al-Nouri mosque where ISIS leader Abu Bakr Al-Baghdadi declared the caliphate in 2014. Unfortunately for government troops, it is also composed of small buildings and narrow streets that favor ISIS-style guerrila warfare.

A few isolated sniper nests are still scattered elsewhere while Iraqi sappers constantly endanger themselves by having to deal with booby traps and mines in liberated residential areas.

With the seasoned 9th Division and 15th Division of the Iraqi Army already departed for duties elsewhere, the final mopping-up operations in Mosul are left to the Rapid Response Division and Iraqi Federal Police to deal with.

On Saturday afternoon, the Counter Terrorism Units notably announced they had finished their operations in Mosul and would be transferred to other fronts upon demand of Baghdad

Around 500 ISIS insurgents are still fighting in Mosul while hundreds more sleeper cells are said to be active in government-held areas.




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