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Saturday, August 5, 2017

"10 Days Prior" - Sat. PM KTFA Thoughts, News w/ DELTA


DELTA » August 5th, 2017



Press Release: Tanzania Accepts Article VIII Obligations

July 25, 1996

The Government of Tanzania has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3, and 4 of the IMF Articles of Agreement, with effect from July 15, 1996.

IMF members accepting the obligations of Article VIII undertake to refrain from imposing restrictions on the making of payments and transfers for current international transactions or from engaging in discriminatory currency arrangements or multiple currency practices without IMF approval. A total of 130 countries have now assumed Article VIII status.

Two of the purposes of the IMF, as stated in its Articles of Agreement, are to facilitate the expansion and balanced growth of international trade, and thereby to contribute to the promotion and maintenance of high levels of employment and real income; and to assist in the establishment of a multilateral system of payments in respect of current transactions between IMF members.

In seeking to achieve these objectives, the IMF exercises firm surveillance over the exchange rate policies of its members, and oversees the elimination of exchange restrictions which hamper the growth of world trade.

By accepting the obligations of Article VIII, Tanzania gives confidence to the international community that it will pursue sound economic policies that will obviate the need to use restrictions on the making of payments and transfers for current international transactions, and thereby contribute to a multilateral payments system free of restrictions. DELTA

Seabass » August 5th, 2017


Thoughts of early study years ago said the same ... you won't know until days later.
If course we here at KTFA may have a front row ticket ....

Hootowl » August 5th, 2017

hey delta on your post of Tanzania are you saying that the IMF has been notified from Iraq that they too agree to the terms and agreements of art 8.......and might i add that it was done on either the 21st or at their meeting on Aug 1st.....thanks

Don961 » August 5th, 2017

Slide show ... President Putin/President Trump .... the 2 most powerful leaders in the world ...on vacay at the same time .... apparently their work is done .... their plan/deal in progress ??....

Pictures .. Putin is vacationing in catching fish

Before I Rvvdav 14 minutes ago


Don961 » August 5th, 2017

Saleh: Iraq issued a sovereign bond {Euphrates}

06/8/2017 12:00 am

Baghdad / Hussein Thugb

In a move that strengthens the confidence of the world in Iraq and for the first time the intervention of the Republic of Iraq itself to promote and abuse the Iraqi international debt in the global capital market for debt,

Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh confirmed to the "morning" that the sovereign international sovereignty of Iraq bears the name "Euphrates" and the value of $ 1 billion issuances, pointing out that this measure gives a strong signal to investors to deal with Iraq with high confidence, as well as the possibility of funding the general budget flexible external or international Are global financial markets and not multilateral financial institutions or institutions.

He pointed out that the important thing in this subject is the confidence of investors in the Iraqi economy and the strength of the national economy promising victory in the front of the war on terrorism, and we are now reaping the results of the victory really.

Saleh Bin said that the number of international investment companies that have offered to buy and compete against it amounted to about 350 global investment companies with investment portfolios of more than 12 trillion dollars and have applied for (buy) and approached the barrier of $ 6 trillion oversubscribed, including the Abu Dhabi Investment Fund and the Monetary Fund And the Education Fund in California, one of the wealthiest funds in the US West Coast and the world.

He confirmed that the sale took place on Wednesday, 2 August 2017 in London by the underwriters and the bond was registered for sale and purchase in the Irish stock market, using the standards of the European Union, one of the most easy and efficient financial markets, and the lowest category of bond is 200 thousand dollars and multiples .

He pointed out that the interest paid half a year and thus issued by the Republic of Iraq in 2017 successive international sovereign debt syndicates linked to trading in the international capital market until the first day (Tigris) benefit of 2, 149% value of issuances 1 million dollars guaranteed by the US government. Today, the second sovereign bond (Euphrates) secured by the Government of the Republic of Iraq has been issued and classified as B-credit and carries interest at about

6, 75%, which is less than the Iraqi international bond traded in the secondary secondary markets since 2006 (to settle the debts of the Paris Club trade name 20 - 28 and its benefit or yield it at 7, 6% currently.

He explained that the average annual interest rate on the Tigris and Euphrates versions (blinded according to the wacc is 4.4% per year).


Don961 » August 5th, 2017

Kuwait renews support for Iraq

06/8/2017 12:00 am

Najaf, Hussein al-Kaabi

The Amir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, reiterated his country's keenness to support the government and people of Iraq, expressing his readiness to facilitate the work of Kuwaiti investors in Iraq.

The governor of Najaf, Louay al-Yasiri, said after his meeting in Kuwait his congratulations "to the people of Iraq after the victories achieved by the security forces to organize the preacher of the terrorist." Stressing that he received a great welcome from Sheikh Sabah, the demands presented to him.

"A detailed presentation was made during the meeting with Prince Sabah on the investment aspects and economic resources possessed by the province of Najaf, which encourages investors and capitalists to work in the province," he said, adding that he had asked the Emir of Kuwait to open a consulate for the country In Najaf, to facilitate the entry of visitors to the holy sites to the province during visits and religious events, especially that Najaf has an international airport receives tens of thousands of passengers annually, as well as facilitate the granting of visas and the entry procedures of traders and industrialists Najafin to Kuwait, What commercial and economic relations Solid ".




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