KTFA Members "News and Views" Sunday PM 10-20-19
KTFA:
Samson: Together with my delegation, I met today in #Washington with @FeridBelhaj , @WorldBank VP- ME and NA and his team. We discussed the various projects the WB is undertaking in #Iraq & agreed to adapt new methodologies to expedite implementation. @IraqiGovt pic.twitter.com/5XaqWbhsJe — Fuad Hussein (@Fuad_Hussein1) October 20, 2019
Frank26: " EXPEDITE IMPLEMENTATION '' ............... FUAD/IMF/WB/UST/WDC ............. YOUR UB2B. HAVE A NICE DAY FAMILY. Video Link
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Clare: "INTERNATIONAL STANDARD" THANK YOU VERY MUCH CBI!
Samson: International Standard for Information Security Management in accordance with ISO27001 for the period from 17-2019 / 11/21
20th October, 2019
To public and private banks (ISSM course in accordance with ISO27001 ) .Llotalaa Click here
Training course The Center for Banking Studies Tataha Anod informs you about the establishment of a training course entitled the international standard for information security management and FTAA specification ISO27001 "duration ۱۷ - ۲۰۱۹/۱۱ / التاس at nine in the morning and according to the details of the conditions of participation: the staff concerned with the subject.
Anis Salman Ali Ahmed Abdul Azim Administrative Technical College that the session: Administrative Technical College located in Bab Al-Muadham / Consultant Office Hall Note that the subscription fees (۲۰۰۰۰۰) dinars (two hundred thousand dinars) per participant is authorized to deduct from your account (in dinars) You can, in principle, send the names of their candidates by e-mail to the Center for Banking Studies (bsc @ cbi. Iq).
The nomination letter will be sent by email later and one week before the start of the session. Participants will be accepted according to the priority of the nominations received. We will apologize for accepting nominations received on the first day of the course with appreciation accompanying / / - Terms and instructions for participation in training courses
Samson: Kurdish deputy: agreement is close with Baghdad
2019/10/20 18:01
A delegation from the Kurdistan region, headed by the Minister of Finance and Economy, will visit Baghdad.
The deputy chairman of the Finance Committee in the Parliament of Kurdistan Heffidar Ahmed in a press statement on Sunday, the provincial delegation will soon visit Baghdad to discuss oil files, and the budget and the region 's share of it."
He added that "the agreement with Baghdad soon, but the demonstrations in Baghdad have delayed meetings". The situation is now different, the meetings will continue," he said. LINK
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Samson: Electronic payment undermines corruption and guarantees the rights of beneficiaries
2019/10/20 13:07
Renews calls to face corruption in a real and effective adoption of advanced technology and used internationally, including what was adopted locally through the competent companies, which interacted with the public, as electronic payment is the most important joints that must be adopted to face corruption and to convey the reality of government performance For a better phase by completing operations electronically, without the need for friction of the employee with the beneficiary.
The importance of e-transactions came in the Prime Minister's speech, and accepted by a number of economists and specialists, after everyone realized that the adoption of advanced technology is an imperative need to be the seed of economic reform.
A qualitative leap
Financial Adviser to the Prime Minister d. The appearance of Mohammed Saleh stressed that "the adoption of advanced electronic payment technology represents a qualitative leap in the advancement of transactions and government performance, as it can benefit from the success of the experience of electronic payment in the financial sector, in other business sectors, especially those involving financial levy, and here can rely on effort Successful localization and employ it to achieve success in this important direction."
Local voltage
He added that "the work to raise government performance needs to take advantage of technological developments, and here we must pay attention to the local effort on electronic payment, and expand its activity to achieve more than the benefit of the completion of work on time and provide employment opportunities for young people directly to workers in this sector and indirect in sectors Supporting." A speech to the Prime Minister on 9 October included the adoption of several measures, including stopping the state at a time that will determine the payment of any amount in paper currency, but identify sukuk and smart card that prevents the manipulation of funds, and encourage those who receive sukuk to open bank accounts to get rid of money laundering and corruption.
Effective performance
In turn, a member of the Baghdad Economic Forum Jassim Al-Aradi said that "the process of economic reform sought by the country requires the adoption of mechanisms for the work of the court is not manipulated, and relying on electronic payment mechanisms that must be adopted in all dealings without the need for friction between the references different institution name This will ensure effective performance, coupled with a calendar control by a particular entity and strong control during the implementation of works or projects or the performance of different institutions.
He pointed out that "the importance of the performance of institutions to be fast and professional away from complexity, and that there is one window with regard to projects and summary transactions and the payment of fees and dues and others through electronic channels, and thus we have already started a new phase of work and put the train on the right track."
The new phase
He pointed out that "the reality of electronic payment in Iraq has developed a lot, and that the Central Bank is aware of the importance of this trend and its positive impact on the economy of the country, and was able to adopt tools to communicate with the community to accept the new phase in dealings and shift towards the electronic community," indicating the importance of cooperation with There is a complementarity between the central instructions and the national performance, especially as Iraq has companies that have achieved international awards at the level of electronic payment.
He pointed out that "the next stage requires that the efforts of all to join forces to move the labor market and provide employment opportunities and the advancement of the national economy, and that everyone put national interests in the first and only choice, especially as the country can provide major employment opportunities to accommodate local and external human resources needed here and there. But this requires an organization and plans and an attractive environment for international investment." LINK
Samson: China's central bank governor: Trade tensions pose major threat to global economy
20th October, 2019
The possibility of escalating trade tensions and political uncertainty are the main risk factors facing the global economy and market forces keep the Chinese yuan at an appropriate level, said Governor Yi Gang of the People's Bank of China (central bank
In a statement to the IMF Steering Committee, Yi said Beijing was "deeply disappointed" by the IMF's failure to regulate its shareholder structure to recognize the growing influence of China and other fast-growing economies LINK
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Samson: Banks in Lebanon are closed due to the angry demonstrations
20th October, 2019
The International Association of Banks in Lebanon (LIBA) has announced that its doors will remain closed on Monday in light of the events in the country.
The statement said that the closure comes in the interest of "the security and safety of customers and employees, and in order to remove the effects of damage to some banking centers and branches." The Assembly expressed its hope that the general situation would be restored "to reassure peace and stability and to resume normal life in the country." Lebanon has witnessed recent mass demonstrations, which extended to many areas from north to south, while demonstrators called for the continuation of protests on Sunday.
One of the coordinating committees for demonstrations in Beirut issued a statement confirming the continuation of the protests until the overthrow of the government and the fulfillment of the demands, stressing its rejection of the reforms presented by the Lebanese Minister of Finance.
The Lokhi group demanded the speedy formation of a mini-salvation government, with independent specialists not affiliated with the ruling system, to adopt early parliamentary elections, based on a fair electoral law that guarantees the validity of electoral representation. LINK
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Maw33326: Here is where I think the IMF is preparing the world to end paper fiat currencies and go all digital currency and not just any digital currency, asset backed digital currency-currencies in my opinion, this will take time, but after all the articles not only from Iraq, but worldwide about cashless societies it only makes sence to save the trees and cut out all the paper, save the planet, why let a good crisis go to waste, right Frank? Now before everyone goes all haywire on me, it was just a thought. Dont get all your panties in an uproar over this. LOL
Samson: IMF studies climate risk to financial markets
2019/10/20 17:10
The International Monetary Fund is studying the effects of climate on global financial markets and whether it is calculated in market valuations, the head of the International Monetary and Financial Markets Department said. "We are assessing climate risk and how much it calculates prices in the stock and bond markets," said Adrian Adrian. "We will study stock markets in individual countries and then move into sectors."
The financial cost of climate change has been the subject of much discussion within the IMF during this week's autumn meetings. "People are becoming more aware of this issue - there is an urgent need for climate and this is new," Adrian said. "Hopefully people will focus on that, but their focus is driven by concerns." That this becomes a big issue in the IMF is significant. ”
Ardian said the climate posed short-term risks to some economies, such as the Bahamas hit by Hurricane Durian in September. But the risks to most economies are long-term. Some investors fear that climate risk is undervalued in residential mortgage-backed securities, housing loan portfolios sold to investors, as they are exposed to inflamed climate points such as Texas and Florida. LINK