Saturday, March 18, 2017


BGG :   Quote:  “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC."

This is saying these finalization talks were already started...and will resume - (at the latest) in D.C.  

Quote:  “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” 

Mohammed Saleh...he's been in these big IMF "shindig" meetings from the 5th to the 17th... he's excited.

Quote:  "...Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision..." 

Exactly what decisions do the IMF executive board have to make coming up? I mean - they only deal with one thing.  INTERNATIONAL MONETARY FUND.
Q: [...can the CBI make a move before the DC meetings?] 

BGG: The CBI can do whatever they want...if the IMF doesn't give their blessing who are they gonna' sell their currency to?  Without international acceptance - there is no market. 

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