More "Tidbits From TNT" Sunday Evening 7-10-2022

Jul 10

TNT:

RayRen: Summary from the financial advisor to the Prime Minister

Positively towards achieving reform projects and economic progress in Iraq, the financial advisor to the Prime Minister, Mustafa Al-Kazemi, today, Saturday, outlined the stages of cooperation of the international community to help Iraq economically, while noting that the white paper is the product of this cooperation. 

Saleh said, to the Iraqi News Agency (INA), that "international cooperation in helping Iraq economically extends to the Madrid Donors Conference, which was held in October 2003, in which the foreign ministers of 77 countries pledged to provide aid for the reconstruction of Iraq with an amount exceeding 33 billion dollars. To restore infrastructure destroyed by wars and the previous economic blockade.  

He added that "many of these grants were verified, but their financial effects were limited due to the mismanagement of the reconstruction operations at the time.   He pointed out that "the international community did not skimp on writing off more than $100 billion of debts owed by Iraq, which is Iraq's pre-1990 debt, under the Paris Club Agreement of 2004."  

He continued, "The international community then continued to support Iraq, and this was embodied by the (Tokyo Declaration) by the Group of Seven major industrialized countries in their statement announced in May 2016, which supported Iraq financially and economically to confront its dual economic and security crisis at the time, and the Kuwait Conference for the Reconstruction of Iraq in the year 2018, which helped sustain UN aid to finance stabilization operations in the liberated areas after the victory over ISIS terrorism.   

And he added: "During the double financial and health crisis that our country was subjected to in 2020, the international community felt Iraq's need for international aid to reform and reorganize the economy in order to achieve sustainable development and combat decline and corruption, so it was formed in London in the middle of the year 2020, what was called the Iraq Economic Contact Group (IECG) (composed of the World Bank, the International Monetary Fund, the European Union, and the Group of Seven major industrial countries).  

He continued, "The aforementioned contact group expressed its willingness to support financial and economic reform projects in our country and to reorganize the financing, production and governance sectors, and the white paper was the result of that cooperation." He concluded by saying, "I see that Iraq has many serious and promising opportunities to benefit from the intentions of the international community."

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Rorah: I read the article as more than intentions. It highlights real money invested into Iraq by the international community over the last two decades. At the end of the day those countries are looking to get their investments back. To do that Iraq need to have an internationally recognized currency. IMHO!

RVAlready: Everyone pledging to help Iraq has been waiting for years for the RV. As soon as the RV happens, the floodgates will open.

Jambie67: rvalready Floodgates, indeed, however, it seems they’re enjoying people freely throwing investment money at them at machine-gun speed and without having to release any floodgates in over 20 years. What return?

RVAlready: I am speaking of the nations attending the Kuwait Conference for Iraq. The made pledges of funds to Iraq, contingent on the RV. Most are still waiting to deliver.

CharlieOK: still suspect there is alot that has ALREADY happened behind the scenes. There would have to be. There is tooooooooooooooo much money being funneled into Iraq from oil production for Iraq to be the wild west, without a government. Who does that make sense to? On the surface, it appears that all the political powers in Iraq are at stalemate. Nobody can move forward. Hmmmm. Perfect scenario for hands in the cookie jar with the oil revenue? I suspect something has been agreed to behind the scenes. Iraq can riot at the drop of a hat, but they aren't. Why?

Yada: Agreed CharlieOK that much has happened behind the scenes. Consider this, all the rhetoric of the forming the governemnt by the Framework, specifically Maliki at PM is going to be for not. Once the recess ends, believe Kadzimi will dissolve parliament. They couldn't come to any agreement before Sadr and they most definetly will not come to an agreement with Milikii at the helm

Yada: While the Framework was playing politics, "Kum Ba YaH", Kadzimi had been traveling to the region countries giving them understandings of whats about to happen in Iraq.

Yada: The caretaker goverment has the EFSL passed and ratified, ,they dont need a sitting government to enact the things in the law. The 2021 budget had the rate and this Law represents all that was to have happen then. All this for meeting the needs of the people

CharlieOK: Seems like a great scenario for an rv to me. Now, if someone can make sure the CBI has the "gift of hearing", so there isn't a "failure to communicate".

Yada: LOL CharlieOK. The dominos are set and protected to be released and it doesn't include forming another government this late in the game. Once the money is out, the power of many will be lost because they will not have any leverage against the government or people.

Yada: The question many are asking, "What are we waiting for if the rate was in the FSL?" Fact is to initiate the law, parliament has to be in session, and then all we've waited for will be completed. Again, Parliament dissolved, the existing government will manage until, again, another election is completed

CharlieOK: Or, the CBI revalues the currency because now, there is a secure CG administering the government. They don't need to "see" the rate for this thing to rv.

SouthernGuy: Yada is telling the truth. I been saying for months on here the caretaker government is you government.

Skinman: Please correct me if I’m wrong but to dissolve the parliament doesn’t parliament need to vote them out? I thought they would need not only a quorum but didn’t I read something like 3/4 of them to vote to dissolve parliament?

RVAlready: No, Kazemi and Salih can dissolve the parliament. No vote required… The RV will fix 99 percent of the problems.

Annie68: If it's that easy, why haven't they done it!?

RVAlready: It is sort of last resort. Everyone thought Sadr could get a new government. But he finally gave up. Parliament is pretty messed up, so It might be easiest for Kazemi and Salih to dissolve them.

Yada: Agreed rvalready. And Annie,68, they will need to be in session and then it can be done. All this talk in the articles of the cooperation to form a government is misleading when they are out of session but once they are back, the opposition will voice their rejection of the Framework….. From the other sources I read in dinarland, it has to happen to successfully have Kadzimi and Silah to run the country for the rest of this year. Believe it also opens the doors on the corrupt files.

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CandyKisses: Iraqis hold their breath, waiting for Friday al-Sadr: a new government or a change in the rules of the game

The developments of the situation in Iraq indicate that the political process is heading towards early elections and the preservation of Mustafa Al-Kazemi's government for another year, while the parties to the "coordinating framework" that intensifies its meetings despite the differences between its ranks confirmed that the formation of the government and the end of negotiations will be announced after the Eid holiday. Al-Adha.

The Iraqi political analyst, Muhammad Ali Al-Hakim, stressed that any government born without the “Sadr movement” will be “lame,” noting that “the withdrawal of the Sadrist movement from parliament put the coordination framework in a critical situation, so the Sadrist movement cannot exit without a pre-prepared scenario."

In statements, Al-Hakim expected that the next few days would be full of surprises, and that the next Friday prayer would be a clear message and challenge to the "coordination framework."

On the other hand, the "coordinating framework" is expected to announce after the Eid al-Adha holiday the end of political talks to form the new government.

Deputy Zainab al-Moussawi, a member of the Coordination Framework, said that after the Eid, the end of the talks to form the new government would be announced, stressing that the names proposed to take over the prime minister's office are important.

She pointed out that "there is no scenario to go to new elections, as discussions are in full swing within the coordination framework and with some other blocs to come up with a new formula that crosses Iraq to safety."

Mot: .. Yeppers! - Yet Another Tip fer Those HOT Daze! ~~~