IMF calls for Iraq not to enact laws that shackle the economy

IMF calls for Iraq not to enact laws that shackle the economy


Monday, 16 January 2012

Twilight News / revealed the parliamentary finance committee on Monday that the International Monetary Fund called for in his recent visit to Iraq, the House of Representatives not to enact laws that contribute to undermine the growth of the Iraqi economy, indicating that the legislation of laws increase the operational budget at the expense of investment irritated the International Monetary Fund.

A member of the parliamentary Finance Committee Najiba Najib's "Twilight News" that "representatives of the International Monetary Fund in their recent visit to Iraq, met with the Chairman of the House of Representatives (Osama Najafi) and members of the Finance Committee and asked Council not to enact laws that hinder the growth of Iraqi economy."

The Finance Committee of the House of Representatives unveiled in early December of last year, from the threat of the International Monetary Fund raised its support for Iraq in the next year in the event of non-compliance with its terms and the last observation, particularly the reduction of the operating budget.

". Najib explained that "the IMF said that the increase in the investment budget will lead to many job opportunities, leading to reduce the size of unemployment in Iraq." 2012". It showed that "What irritated the International Monetary Fund is the continuing increase in the operating budget at the expense of investment and this is what was noted also in the budget in 2012."

The Iraqi government has approved the federal budget for 2012, worth U.S. $ 100 billion, an increase of 22 percent from the previous year.

The government has allocated the largest proportion of its budget for the energy sector, accounting for 17.48 percent of the budget group, followed by security and defense by 14.6 percent, and social services 13.28 percent.

They keep messing with the budget and the IMF will stop the loan.

And I think it's pretty much guaranteed they will keep f*cking about with it...

makes me 'wonder just what laws Iraq could enact that the IMF are so scared of?....law's that would allow the jurisdiction over their own currency which i stated in World Economy Thread some time back that would not be fiat-dollar-backed but backed by their own resources just as seemily 122plus other nations/currencies are calling for the same....is this the reason for the chap.7 on Iraq lockdown,..because they won't agree to fiat back reserve? just sayin'what i'm wondering!

IMF calls for Parliament not to enact laws to impede the growth of the Iraqi economy

Tuesday, 17 January 2012 08:40Shafaq News/ The parliamentary finance committee revealed on Monday, the International Monetary Fund demanded in its recent visit to Iraq, the House of Representatives not to enact laws that contribute to impeding the growth of the Iraqi economy, indicating that the legislation of laws increases the operational budget at the expense of investment budget and this would irritate the International Monetary Fund."Representatives of the International Monetary Fund in their recent visit to Iraq, met with the Chairman of the House of Representatives and members of the Finance Committee and asked the Council not to enact laws that hinder the growth of Iraqi economy." The member of the parliamentary Finance Committee Najiba Najib said to "Shafaq News""The IMF said that the increase in the investment budget will lead to many job opportunities, leading to reduction of unemployment in Iraq." She explained."What irritated the International Monetary Fund is the continuation of operating budget increase at the expense of investment and this is what was noted also in the budget in 2012." She added .The Iraqi government has approved the Federal Budget for the year 2012, last week, which amounted to $ 100 billion, with an increase of 22 percent from the previous year.The government has allocated the largest proportion of its budget for the energy sector, accounting 17.48 percent of the total of the budget, followed by security and defense by 14.6 percent, and social services 13.28 percent

chevy#3 wrote: makes me 'wonder just what laws Iraq could enact that the IMF are so scared of?....law's that would allow the jurisdiction over their own currency which i stated in World Economy Thread some time back that would not be fiat-dollar-backed but backed by their own resources just as seemily 122plus other nations/currencies are calling for the same....is this the reason for the chap.7 on Iraq lockdown,..because they won't agree to fiat back reserve? just sayin'what i'm wondering!

Great points Chev...wonder if, and how that would affect those holding Dinar??

great points Chevy...guess we'll know if we deploy troops back over there.

http://translate.google.com/translate?hl=en&prev=/search%3Fq%3Dhttp://nahrain.com/%26hl%3Den%26prmd%3Dimvnsfd&rurl=translate.google.com&sl=ar&twu=1&u=http://www.shafaaq.com/sh2/news/economy-news/36571-2012-01-16-12-00-07.html


IMF Calls For Iraq Not To Enact Laws That Shackle The Economy


Twilight News / revealed the parliamentary finance committee on Monday that the International Monetary Fund called for in his recent visit to Iraq, the House of Representatives not to enact laws that contribute to undermine the growth of the Iraqi economy, indicating that the legislation of laws increase the operational budget at the expense of investment irritated the International Monetary Fund.

A member of the parliamentary Finance Committee Najiba Najib's "Twilight News" that "representatives of the International Monetary Fund in their recent visit to Iraq, met with the Chairman of the House of Representatives (Osama Najafi) and members of the Finance Committee and asked Council not to enact laws that hinder the growth of Iraqi economy."

The Finance Committee of the House of Representatives unveiled in early December of last year, from the threat of the International Monetary Fund raised its support for Iraq in the next year in the event of non-compliance with its terms and the last observation, particularly the reduction of the operating budget.

Najib explained that "the IMF said that the increase in the investment budget will lead to many job opportunities, leading to reduce the size of unemployment in Iraq."

It showed that "What irritated the International Monetary Fund is the continuing increase in the operating budget at the expense of investment and this is what was noted also in the budget in 2012."

The Iraqi government has approved the federal budget for 2012, worth U.S. $ 100 billion, an increase of 22 percent from the previous year.

The government has allocated the largest proportion of its budget for the energy sector, accounting for 17.48 percent of the budget group, followed by security and defense by 14.6 percent, and social services 13.28 percent.
Source