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Saturday, May 27, 2017

Delta Clarifies Article: "Banking Expert: Gov. Implement the ER Program in Cooperation with the IMF", 27 MAY

RE: Article:  Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund  (posted below)


MexSal: OK so this was highlighted.

Iraqi economy and Iraq a positive sign will come out of its crisis at the end of the year after the completion of the war against Daesh, and the government 's attention and orientation towards what has been planned during the first half of the current year.

So is this economist telling us this is being kicked to the end of the year.

I appreciate the article but as far as economist talk I had enough. Until there's someone of importance like Allak or Abadi saying that I won't feel bad or good.
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DELTA: BASE ON THIS ARTICLE IT SHOULD BE DONE BY THE FIRST HALF OF 2017...KEEP IN MIND THAT WILL NOT HELP IRAQ RIGHT AWAY ( IT WILL HELPS US RIGHT AWAY..LOL) IT WILL TAKE THEM UNTIL END OF THE YEAR TO SEE A GOOD OUT COME.

TPNoble:  The first half of 2017 , that's more like it! Thank you for clarification DELTA.

Aggiedad77:  Let me try and lead you in yet another look at this stupendous article that DELTA has shared with us......this I believe is the same economist we heard Frank speak of recently and he spoke highly of this man's regard with Abadi and his government....the ones who are truly trying to make changes happen within Iraq......they are saying....."

this strategy perfectly in line with the economic and financial reform program was agreed upon with the international Monetary Fund......

So their work is aligning with expectations of the IMF....on both fronts....Economic and Financial Reform....or in other words their Monetary Reform......yes go ahead and jump up and down with joy.....they are working these reforms as they were expected to do so.....as they told the IMF they would be doing......and then......

the government 's attention and orientation towards what has been planned during the first half of the current year..........

To get ANY program from here to there.....from point A to point B to point C you have get things done in advance.....so you and others can see your improvement.......IMO get ready for them to finalize a couple of important issues that they have been working with utmost diligence since the beginning of this year......the war on DAASH....AND....their Economic and Financial Reforms.....et al the Monetary Reform......culmination......who knows when, we don't give dates here......but look at all that has been shared with you, don't be dumping your notes in the toilet just because you see in one article a mention of "next year".........

Put your thinking cap on......even if they RV'ed right now this second.....they as a country....Iraq......will not immediately begin to reap any benefits from the action......it will take time.....just as it has taken them time to go from what they agreed upon with the IMF/WB way back when until now....seeing the tree start to finally bear fruit worth picking......
The same holds true going forward......what they do as a result of today's efforts in Mosul.....as a result of today's efforts in the GOI.....today's efforts in the CBI.......you won't see the long term effects in the blink of an eye.....

Sure we may see the RV.....and sure that can definitely benefit us in a hurry.....but for Iraq as a country....they don't care about us as investors....they care about their people....about the long term safety and security and stability of their nation and people.....that is what this article IMO is talking about.....

It is evolving....it's the very LAVA FLOW that Frank has spoken of for years......nothing will stop it.....don't get in its way.....it flows mightily....and I am excited by all we see of it.....today, yesterday, last week, last month, even last year......oh buddy what is coming is pure excitement in my book.....all IMO.   Aloha   Randy

Frank26:   ON TARGET ........................ GREAT JOB ON THIS ARTICLE !!!  LAVA FLOW is magma hot.
DELTA: Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund

Khalk: Salah Baban ,

an economist stressed that the Iraqi government developed in 2017 , a plan consistent with the emergency conditions experienced by Iraq because of the sharp fall in global oil prices by 70% compared with the beginning of the year 2014, noting that the plan took into account the non - oil resources available in Iraq during this year, stressing that the plan developed in cooperation with the IMF in a program of economic and financial reform in 2017

, said an expert in the financial and banking adviser to the Iraqi Association of private banks Samir Nasiri Affairs in a statement to the media network Khalk, on Wednesday, that the government of Iraq E Despite the economic conditions critical, it succeeded in developing a court economic plan this year to cope with the economic crisis experienced by Iraq, especially after falling oil prices to the unexpected level by an estimated 70% from the beginning of the year 2014, stressing that the IMF has contributed to the development of the economic plan for Iraq to cope with the current crisis, especially with regard to economic and financial reform program for the current year.

Nasiri pointed out that the recovery of the Iraqi economy indicators began to appear after the relative rise in global oil prices during the period from the beginning of the current year to the day, especially during the current month, adding that oil prices began to rise this month after the implementation of the OPEC agreement to cut production and reduce supply in the market oil in the world.

He added that this agreement has led to a relative recovery in the Iraqi dinar in the light of the prudent monetary policy followed by the Central Bank of Iraq in the development of new applications in line with its strategy for the years of "2016_ 2020 mechanisms , explaining that this strategy perfectly in line with the economic and financial reform program was agreed upon with the international Monetary Fund and in particular the first and second , which took place between the Iraqi delegation and the delegation of the World Bank in Washington for review.

He explained that these results give us the recovery of the Iraqi economy and Iraq a positive sign will come out of its crisis at the end of the year after the completion of the war against Daesh, and the government 's attention and orientation towards what has been planned during the first half of the current year.

http://www.xelk.org/ar/detailnews.aspx?jimare=6406&babet=aburi&relat=5187

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