Hutch says(6:37 PM):
WE HAD A TREMENDOUS NEWSTIME LAST NIGHT AND HAVE HAD SOME WONDERFUL EXCITING NEWS OUT TODAY, LETS COVER THAT REAL QUICK AND WE WILL GO INTO Q&A
RCOOKIE ..... DO YOU HAVE SOME THINGS TO GO OVER WITH US?
sheila3 says to subgirl(6:37 PM):
thanks :)
subgirl says to sheila3(6:37 PM):
yw:)
Hutch says(6:38 PM):
RCOOKIE !!!! WHERE ARE YOU ?????
rcookie says(6:38 PM):
RIGHT HERE....GE DU.....
Tex says to Hutch(6:38 PM):
He's still in the cookie jar
Tex says to rcookie(6:39 PM):
Hey Cookie bring it on
rcookie says(6:39 PM):
WE HAD A LOT OF FUN BRINGING SOME INFORMATION LAST NIGHT CONCERNING ARTICLE 8 AND SOME INFORMATION AROUND ACCEPTING OBLIGATIONS....
Hutch says(6:39 PM):
THEY ARE REALLY SHY....
rcookie says(6:41 PM):
THERE WAS A REPORT DONE IN 2006 ENTITLED TRANDS & IMPLICATION FOR ARTICLE VIII OBLIGATIONS WHICH ALSO SHEDS SOME LIGHT ON ARTICLE VIII METRICS AND THE IMPORTANCE TOWARD CERTAIN ECONOMIC GOALS AND INITIATIVE LIKE WTO ACCESSION.....
rcookie says(6:41 PM):
TRENDS*
watson1 says to rcookie(6:42 PM):
(y)
rcookie says(6:42 PM):
SO TO START OFF ...HERE IS OME INFORMATION ON THE NUMBER OF COUNTRIES ACCEPTING ARTICLE VIII OBLIGATIONS....AND REMEBBER THIS WAS 2006....10 YEARS AGO..
rcookie says(6:44 PM):
Since then, the proportion of Fund member countries that have notified the Fund of their acceptance of Article VIII obligations has increased sharply, but a18.1945 19481951 19541957 19601963 19661969 19721975
rcookie says(6:44 PM):
The proportion of countries that have notified their acceptance of Article VIII obligations rose from less than 50 percent in 1993 to almost 90 percent in 2005 (Figure 1), with a particularly large number of countries (64) notifying their acceptance between 1993 and 1996. After gradually declining, this number increased again, with seven countries notifying acceptance during 2004–2005. At present, 19 members (holding less than five percent of Fund quotas) have not yet notified the Fund of their acceptance of Article VIII obligations.14 Of these, at least half have been Fund members for more than 40 years. Four countries do not maintain any exchange measures under Article XIV but are reluctant to notify the Fund that they accept Article VIII obligations.
rcookie says(6:45 PM):
SO AS OF 2005 90% OF IMF MEMBERS HAD ACCEPTED ARTICLE VIII OBLIGATIONS...
rcookie says(6:46 PM):
NOW...THIS NEXT PIECE DISPELLS THE MINOMER THAT IN THE LOI...EXCHANGE RESTRICTIONS MUST BE ENTIRELY REMOVED IN ORDER FOR A COUNTRY TO BE ELIGIBLE FOR ARTICLE VIII
rcookie says(6:46 PM):
PLEASE READ....
rcookie says(6:47 PM):
19. A number of countries that have already notified the Fund of their acceptance of Article VIII obligations have continued to maintain existing or introduced new exchange measures. A review of the staff reports for recent Article IV consultations with these members indicates that, presently, 18 members that have so notified the Fund maintain unapproved exchange measures that would not appear to be imposed for reasons solely related to national or international security.15 Another 5 members that have acceptedArticle VIII obligations maintain approved exchange measures. The countries currently maintaining exchange measures hold about 10 percent of Fund quotas and represent a similar share of world GDP and world trade, which together with the share of countries availing themselves of Article XIV amounts to almost 20 percent of world trade.
rcookie says(6:48 PM):
THIS IS WHAT WE SOKE OF LAST NIGHT ON CALL....THE FUND WORKS WITH EACH COUNTRY DEPENDING ON INDIVIDUAL CIRCUMSTANCES......IT IS NOT A ONE SIZE FITS ALL....ACROSS THE BOARD POLICY AND PROGRAM....
rcookie says(6:48 PM):
SPOKE*
rcookie says(6:49 PM):
20. These exchange measures are mainly of three types: (i) limits on payments for invisible transactions (i.e., travel, medical, and educational allowances); (ii) limits on transfers from nonresident accounts; and (iii) foreign exchange budget allocation systems. Some of the exchange measures are evidenced by the existence of nonsovereign external payments arrears. Existing MCPs arise mainly from the use of special exchange rates for official transactions and the imposition of foreign exchange taxes and subsidies. The reasons generally given by countries maintaining exchange measures are discussed more fully in Section IVB.
rcookie says(6:50 PM):
WHERE HAVE WE JUST HEARD ABOUT I.....HMMMM
rcookie says(6:50 PM):
COME ON NOW...
daytrader says(6:50 PM):
Just reduced exchange on travel from $5000 to 3
rcookie says(6:51 PM):
EVERYONE HAS HEARD OF THE RECENT REDUCTION FROM 5000 TO 3000 FOR CITIZENS LEAVING COUNTRY FOR TRAVEL...MEDICAL OR EDUCATIONAL PURPOSES.....
rcookie says(6:51 PM):
DAYTRADER(y)
rcookie says(6:52 PM):
OK ...NOW READ THIS ONE AND THINK ABOUT IRAQS ENVIRONMENT...
rcookie says(6:52 PM):
21. A number of members have, in the past five years, introduced exchange controls in the context of recent international initiatives to combat terrorist-financing and money-laundering. Some of these controls give rise to exchange restrictions that should be notified to the Fund pursuant to the procedures described in Decision No. 144-(52/51).16 The number of countries maintaining such restrictions has increased from 69 (37 percent of total reporting countries) in 2000 to 104 (54.5 percent of total reporting countries) in 2005.
rcookie says(6:53 PM):
However, there would appear to be scope for improving the reporting of such measures to the Fund. There is evidence to suggest that not all such restrictions have been notified to the Fund.17
rcookie says(6:53 PM):
YOU THINK IRAQ MIGHT FALL INTO THIS CATEGORY...
jimplants says(6:53 PM):
yep
Hutch says(6:53 PM):
YES
Hutch says(6:54 PM):
ANY QUESTIONS OR COMMENTS ON THS SO FAR ???
Hutch says(6:55 PM):
I HAVE ONE
rcookie: SO AS OF 2005 90% OF IMF MEMBERS HAD ACCEPTED ARTICLE VIII OBLIGATIONS...
WHAT HAPPENS IF THEY DON’T ACCEPT? THEY ARENT IN THE IMF?
rcookie says(6:56 PM):
NO THEY ARE IN TRANSITIONAL PHASE UNTIL THEY SUBMIT TO ACCEPTANCE OF OBLIGATIONS....
Hutch says(6:57 PM):
GOTCHA
Hutch says(6:57 PM):
OK ANY QUESTIONS OR COMMENTS.... DONT BE SHY
Nomad says(6:57 PM):
?
daytrader says(6:57 PM):
?
Hutch says(6:57 PM):
GO NOMAD
Nomad says(6:57 PM):
And that could take years?
watson1 says(6:58 PM):
?
Hutch says to Nomad(6:58 PM):
GREAT QUESTION
Hutch says to daytrader(6:58 PM):
YOURE NEXT
Hutch says to watson1(6:58 PM):
THEN YOU
daytrader says(6:58 PM):
What are some of the benefits for countries that accept Art 8?
rcookie says(6:59 PM):
IT TAKES AS LONG AS THE MEMBER COUNTRY FEELS THEY ARE READY TO ACCEPT FULL OBLIGATIONS SO OBVIOUSLY NOT TO BREACH...AND KNOWING FULL WELL WHAT IMPLICATIONS AND PENALTIES ARE...
Nomad says(6:59 PM):
?
Hutch says(7:00 PM):
NOMAD AGAIN
rcookie says(7:00 PM):
GREAT QUESTIONS AND WILL BE LISTING SOME OF THE BENEFITS ...BUT MAIN ONE IS PREPARING FOR WRO ACCESSION..
Nomad says(7:00 PM):
So, having been there before...why are we so excited?
rcookie says(7:01 PM):
I AN GOING TO LIST SOME OF THE DIRECT BENEFITS LIKE REDUCING THE SPREAD BETWEEN THE MARKET AND PARALLEL RATES...
Nomad says(7:03 PM):
Ok, so it is good for business, but how does that push us over the rv hill?
Hutch says(7:03 PM):
WTO ACESSION THATS A BIGGIE
rcookie says(7:03 PM):
BECAUSE.....IT IS AN ECONOMIC AND FISCAL OBJECTIVE THEY HAVE WORKED FOR YEARS ON ...AND NECESSARY FOR THEIR COUNTRY TO PARTICIPATE IN INTERNATIONAL PRIVATE SECTOR ECONOMY AND ENGAGE IN TRADE AND INVESTMENT WITH SIMILAR COUNTRIES....
Nomad says(7:03 PM):
?
rcookie says(7:04 PM):
BECAUSE THEY CANNOT COMPETE AND SURVIVE IN THE GLOBAL MARKETPLACE AND ECONOMIES WITH A CURRENCY WORTH LESS THAN A TENTH OF A PENNY!!...
rcookie says(7:06 PM):
NOMAD......YOU PROBABLLY ARE ABLE TO GET YOUR HANDS ON 10K....RIGHT....
Nomad says(7:06 PM):
And I think I heard you say Iraq had achieved this before...made some mistakes...got slapped...not we are in a do over...so to speak?
watson1 says(7:07 PM):
so where is iraq and then they can change the value of the dinar once art 8 is clear .
watson1 says(7:07 PM):
opps
watson1 says(7:07 PM):
sorry
Hutch says to Nomad(7:07 PM):
THEY TOOK CARE OF IT RIGHT AWAY
Nomad says(7:07 PM):
Sorry, I had this responce ready to go...Answer to rcookie not hardly!
Hutch says to Nomad(7:07 PM):
THEY ARE IN COMPLIANCE, HENCE GETTING THE LOANS
rcookie says(7:07 PM):
HOWD YOU LIKE TO GET INTO THE ISX AND BUY INTO A BANK THE LIKES OF GOLDMAN SACHS AND DO SO WITH VALUATIONS AT A TENTH OF A PENNY
rcookie says(7:08 PM):
A HEDGE FUND COULD BUY OUT AN ENTIRE SECTOR...
Nomad says(7:08 PM):
Agree
rcookie says(7:09 PM):
SO THE MOVE TO ARTICLE VIII IS A NECESSARY STEP TO BE A PART OF THE GLOBAL OPEN MARKET ECONOMY ...AND SENDING CONFIDENCE TO ATTRACT INT'L INVESTMENT AND BUSINESS...
Hutch says(7:11 PM):
ALL GREAT QUESTIONS
Hutch says(7:11 PM):
ANY OTHER QUESTIONS OR COMMENTS?
Nomad says(7:11 PM):
Been here for nine years...just want them to dot their i's and cross their t's! Thank you rcookie.
daytrader says to Hutch(7:11 PM):
Comment
Hutch says(7:11 PM):
GO DAY !
daytrader says(7:11 PM):
They’re “playing” at trading until their currency has a real value. Then the ISX can open its doors to the international markets.
Baxter says(7:12 PM):
?
rcookie says to Nomad(7:12 PM):
AGREED...AND BECAUSE OF YOUR PATIENCE...YOU SHOULD BE MORE EXCITED NOW THAN EVER BEFORE!!!...
Hutch says to daytrader(7:12 PM):
EXCELLENT COMMENT
Hutch says(7:13 PM):
HI BAX !!! WHAT ? DO YOU HAVE?
rcookie says to daytrader(7:13 PM):
EXACTLY...AND DOING SOME THINGS BEHIND THE SCENES LIKE IMPROVING BANK CAPITALIZATION AS HIGH AS 200-300%...
Nomad says(7:14 PM):
rcookie I am running on empty! LOL
rcookie says to Nomad(7:14 PM):
I HERE YA!!...HANG IN THERE!!
wmawhite says(7:14 PM):
watson1 had a comment about Article 8?
Hutch says(7:15 PM):
BAXTER GO
Baxter says(7:15 PM):
So when the IMF said back in December that Iraq WILL enter the global market in the first Half of 2016.. they are fully expecting Iraq to be in Article 8 by the end of June?
wmawhite says to Baxter(7:15 PM):
All 189 members of the IMF are "in Article 8".
Hutch says(7:15 PM):
WELCOME IN MR WHITE !!!!
rcookie says to Nomad(7:15 PM):
NO
wmawhite says to Baxter(7:16 PM):
All members of the IMF, all 189 members, upon joining the IMF accept the obligations of the IMF.
oldmechanic says(7:17 PM):
?
wmawhite says to Baxter(7:17 PM):
Whether they pertain/affect, themor not.
Hutch says to oldmechanic(7:17 PM):
HANG ON TIL WE FINISH THIS ONE. THANKS
wmawhite says to Baxter(7:18 PM):
The questions is, how compliant is each member state with the obligations. That is the question.
wmawhite says to Baxter(7:18 PM):
finished
Dr dave says(7:18 PM):
?
wmawhite says to Hutch(7:19 PM):
thank you
Baxter says(7:19 PM):
no thx
Hutch says to oldmechanic(7:19 PM):
GO
oldmechanic says(7:19 PM):
So back to Baxter's question, this could go longer past the end of june? sadley I have been hitched on that date of something to happen or a few weeks after.
wmawhite says to oldmechanic(7:20 PM):
did you read my comments to baxter?
oldmechanic says(7:20 PM):
you said no
wmawhite says to oldmechanic(7:20 PM):
no about what?
oldmechanic says(7:2
0 PM):
no it can go past it !
wmawhite says to oldmechanic(7:20 PM):
he asked about article 8.
rcookie says(7:20 PM):
BAX THE POINT IS MANY HAVE BEEN CONDITIONED INTO THINKING THAT EXCHANGE RESTRICTIONS AND MCP'S ARE OBSTACLES...NO BLOCKAGES...TO A COUNTRIES ABILITY TO ACCEPT ART VIII...AND IT IS NOT SO...
Baxter says(7:21 PM):
ok thx
Hutch says to Dr dave(7:21 PM):
HANG ON PLEASE
Hutch says to Dr dave(7:23 PM):
GO
Dr dave says(7:23 PM):
did they not require a Reality Rate to gain acceptance with the WTO with the tariffs/customs fully on
wmawhite says(7:23 PM):
did any of you listen to the call from last night?
Baxter says(7:24 PM):
no thx
Baxter says(7:24 PM):
no thx
Baxter says(7:25 PM):
oops sorry
Nomad says(7:25 PM):
Comment: So, Iraq is in Art 8 and if they don't mess up they won't have to check that box again!? Yes on the call!
wmawhite says to Nomad(7:25 PM):
Every member of the IMF upon entering the IMF accepts the obligation of the article of the IMF.
wmawhite says to Nomad(7:26 PM):
obligations
wmawhite says to Nomad(7:26 PM):
the question is for each member is how compliant are they.
rcookie says to Dr dave(7:27 PM):
DR DAVE....GOING TO COVER THE WTO STATUS AND PROCESS AS BEFORE JUST LIKE WE ARE DOING WITH ARTICLE VIII....BUT THE VARIOUS STAGES THEY HAVE COMPLETED FOR WTO ACCESION LIKE FORMATION OF THEIR WORKING PARTY...QUESTIONS & REPLIES...AGRICULTURAL QUESTIONS...
rcookie says to Dr dave(7:27 PM):
AND THESE...
(a) Additional Questions & Replies 8 December 2008(b) Information on agriculture (WT/ACC/4) 24 March 2010 (c) Information on services (WT/ACC/5)(d) SPS/TBT checklists (WT/ACC/8) 8 October 2010(e) TRIPS checklist (WT/ACC/9) 8 February 2008(f) Legislative Action Plan 24 March 2010
rcookie says to Dr dave(7:27 PM):
DO NOT REQUIRE...
wmawhite says to Nomad(7:27 PM):
The island of Nevus or St. Kitts may be unaffected by the requirements of Article 8 and be compliant........but some other country may be very affected and be non-compliant.
Nomad says(7:28 PM):
wmawhite: 10-4
rcookie says(7:28 PM):
AND BRINGING SOME INFORMATION THAT EXPLAINS THEEXCHANGE RESTRICTIONS AND MCP'S
rcookie says(7:30 PM):
IV. ELIMINATION OF RESTRICTIONS AND MULTIPLE CURRENCY PRACTICES
A. Macroeconomic Implications
rcookie says(7:30 PM):
PLEASE READ THESE CAREFULLY TO UNDERSTAND..
rcookie says(7:31 PM):
25. The negative economic effects of these exchange measures are historically well- recognized. The trade stifling effects of such measures were particularly acute when it became common practice for many countries in the 1930s to introduce multiple exchange rates to stimulate exports and discourage imports and to engage in bilateral trade and payments agreements.18 rcookie says(7:31 PM):
26. Such exchange measures introduce discernible economic distortions. Exchange restrictions cause undue delays in obtaining foreign exchange, and result in transactions being shifted to parallel markets where premiums can change rapidly, reaching hundredsof percentage points in extreme cases. Such disparities between parallel market rates distort decisions on consumption, production, and investment and impose heavy welfare costs by distorting import and export prices and introducing implicit taxes and subsidies that vary by type of transaction.19 Moreover, studies have shown that countries with high parallel exchange rate volatility also exhibit greater price volatility
rcookie says(7:32 PM): 27. Other possible distortions are more inconspicuous. Exchange restrictions could encourage rent-seeking behavior and impose government losses associated with enforcement costs and the inability to collect implicit taxes. They could lead to disintermediation and prevent the proper development of financial institutions and markets. They could encourage illegal activity and erode political capital both domestically and abroad.
rcookie says(7:32 PM):
28. Correspondingly, the elimination of such exchange measures, often in the context of a member’s acceptance of Article VIII obligations, could bring economic benefits. The removal of restrictions on payments and transfers for current international transactions could reduce parallel market spreads and facilitate trade. The elimination of MCPs could usher in the unification of official exchange markets and introduce a more market-based pricing of foreign exchange. Exchange rates may also exhibit more stability as the foreign exchange market deepens and develops with more transactions being conducted in the official market. The elimination of exchange restrictions could also lead to an increase in the volume of transactions through the banking system, thereby increasing the amount of intermediated funds and providing more accurate information to the authorities about the nature and volume of the flows.21 Notably, the acceptance of Article VIII obligations is often seen as a positive signal that commits members’ authorities to refrain from resorting to distortionary restrictions in the future. This in turn, could help build overall investor confidence and encourage capital flows. rcookie says(7:33 PM):
ACCEPTING ARTICLE VIII BRINGS ECONOMIC BENEFITS CAN REDUCE THE PARALLEL MARKET SPREADS..
Hutch says to rcookie(7:36 PM):
I LIKE THE LAST PART
Notably, the acceptance of Article VIII obligations is often seen as a positive signal that commits members’ authorities to refrain from resorting to distortionary restrictions in the future. This in turn, could help build overall investor confidence and encourage capital flows.
rcookie says(7:36 PM):
29. In practice, it is difficult to establish causality between the acceptance of Article VIII obligations and improved macroeconomic outturns. On one hand, a country’s decision to accept these obligations may be taken long after the elimination of the exchange measures. On the other hand, a member may accept these obligations without having eliminated all outstanding measures or may impose new ones after acceptance. Lack of data on the timing of the removal of exchange measures prevents the use of econometric techniques to estimate the impact of this removal on macroeconomic outturns. Moreover, in some cases exchange measures may be replaced with current account controls that have an equivalent economic impact but may not be subject to Fund approval.22 Finally, removal of exchange measures and acceptance of Article VIII obligations may be accompanied by sound macroeconomic policies in general that contribute to the often observed favorable macroeconomic outcomes after acceptance.
rcookie says(7:36 PM):
THATS IS WHAT WE WERE TALKING ABOUT EARLIER AS TO BENEFITS...
rcookie says(7:37 PM):
THIS IS A BIGGIE!!!!.....READ CAREFULLY...
rcookie says(7:37 PM):
30. Subject to these qualifications, observed trends in selected macroeconomic variables seem to suggest that Article VIII acceptance has been associated with positive economic developments, particularly with respect to parallel market spreads. There has been a notable decline in parallel market spreads in the process of countries’ acceptance of Article VIII obligations. This observation holds across all regions, across time, and regardless of the exchange rate regime of a country at the time of such acceptance (Figure 2). Moreover, countries that accepted Article VIII obligations after removing all outstanding exchange measures seem to have experienced significantly lower parallel market spreads than countries that retained the measures. This indicates that beneficial outcomes are likely to be related to the elimination of restrictions. On average, the volatility of exchange rates with respect to the U.S. dollar has declined with the acceptance of Article VIII obligations. Similarly, inflation and interest rates have been lower and more stable, although there seems to be no clear correlation with the member’s acceptance of Article VIII obligations.23
rcookie says(7:38 PM):
ZANYONE THINK THATS A GOOD REASON AND OUTCOME FOR ACCEPTING ARTICLE VIII OBLIGATIONS....GIVEN THEIR EXISTING MARKET CHALLENGES....
jimplants says(7:39 PM):
yep
Nomad says(7:39 PM):
rcookie:
Hutch says(7:39 PM):
WOW !!! WE ARE IN A GREAT SPOT
Nomad says(7:40 PM):
It is the only way to go!
Hutch says(7:40 PM):
ANY QUESTIONS OR COMMENTS ABOUT ANY OF THIS?
Dr dave says(7:40 PM):
HEHE
Hutch says(7:41 PM):
AT THIS POINT.... LETS OPEN UP FOR ANY QUESTIONS OR COMMENTS WITH OUR Q&A SESSION
Hutch says(7:41 PM):
BRING THEM ON !
Dr dave says(7:41 PM):
IN English?
Hutch says(7:41 PM):
HERES YOUR CHANCE !!
Hutch says to Dr dave(7:41 PM):
PREFERABLY HEHEHE
rcookie says(7:41 PM):
DOES THIS INFORMATION HELP TO CLEAR UP THE RUMORS GURUISM SPECULATIVE "CLASSIC CONDITIONING" TO ARTICLE VIII?.....
subgirl says to rcookie(7:42 PM):
yes :) thank you!
Idahojon says(7:42 PM):
Crystal
rcookie says(7:42 PM):
NO ONE HAS QUESTIONS...
Dr dave says(7:42 PM):
so we are there just need to get signed off with the WTO?
Nomad says(7:43 PM):
rcookie: Yes...and I have developed an eye tick!
rcookie says to Dr dave(7:43 PM):
AND.......HERE YOU GO....
Hutch says(7:43 PM):
PLEASE USE YOUR ? PLEASE
wmawhite says to Dr dave(7:43 PM):
IMO,.......we will see the true value o fthe IQD before Iraq ascends to the WTO.
rcookie says to Dr dave(7:43 PM):
THIS IS WHAT THEY HAVE LEFT TO DO...Market Access Negotiations Goods Offer(a) initial(b) latestServices Offer (a) initial(b) latest8 Factual Summary
rcookie says to Dr dave(7:44 PM):
CHAT BUTCHERS THAT PDF....SORRY
rcookie says to Dr dave(7:44 PM):
9 Draft Working Party Report
rcookie says to Dr dave(7:45 PM):
THAT IS WHAT THEY HAVE LEFT TO DO FOR FULL WTO ACCESSION...
Hutch says(7:45 PM):
WOW DOESNT LOOK LIKE A LOT.... OR IS IT?
rcookie says to Dr dave(7:45 PM):
NOT A LOT OF MEAT ON THE BONE...
Dr dave says(7:45 PM):
Yeppers...Thanx....
Hutch says(7:46 PM):
ANY OTHER QUESTIONS FROM LAST NIGHT OR TONIGHT?
Nomad says(7:46 PM):
rcookie and wmwhite: I think you both need to go help them!
rcookie says to Dr dave(7:47 PM):
COME ON DU.....
subgirl says to Hutch(7:47 PM):
??
Hutch says to subgirl(7:47 PM):
YES MAM?
subgirl says to Hutch(7:47 PM):
IMF has guidelines for Iraq, has Iraq met all the guidelines so far?
jvaneps says(7:48 PM):
Any new information this afternoon?
wmawhite says(7:48 PM):
Did any of you listen to last night's call?
Hutch says to jvaneps(7:48 PM):
HANG ON ONE SEC PLEASE
guppy says(7:48 PM):
yes
wmawhite says(7:48 PM):
Thank God!!!
rcookie says(7:49 PM):
YES MAAM...THE MEASURING STICK FOR THEIR TECHNICAL ASSISTANCE PERFORMANCE IS FROM THE SMP AND HOW THHWY QUALIFIED FOR THE CURRENT $18 BILLION SBA THEY ARE ABOUT TO RECEIVE...
Nomad says(7:49 PM):
Yes, if there is not going to be a test!
subgirl says to rcookie(7:49 PM):
thank you :)
jtank says(7:49 PM):
WMA -- one great call - u gus were on fire--
jtank says(7:50 PM):
guys
guppy says(7:50 PM):
What kind/type of education will Iraq need to provide for the Iraqi businesses?
Hutch says(7:50 PM):
guppy: What kind/type of education will Iraq need to provide for the Iraqi businesses?
rcookie says(7:51 PM):
GUPPY ...GREAT QUESTION...
Idahojon says(7:52 PM):
I think once they have tradable currency they will figure that part out quickly
rcookie says(7:52 PM):
TGIS IS THE CORNERSTONE FOR THE STORIES WE HAVE BEEN READING ABOUT HUMAN RESOURCES AND LABOR MARKET DEVELOPMENT AND SUSTAINABILITY....
rcookie says(7:53 PM):
THEY ARE PROVIDING STATE OF THE ART TRAINING IN EVERY SECTOR IN VARIOUS PROVINCES SO TO PREPARE FOUNDATION OF LABOR MARKET FOR PRIVATE SECTOR ECONOMY...
rcookie says(7:54 PM):
THEY ARE ALSO OFFERING ACCESS TO THIS LABOR FORCE AS INCENTIVE FOR FOREIGN INVESTMENT TO INITIATE BUSINESS....
rcookie says(7:54 PM):
GREAT...GREAT...INCENTIVE...
Hutch says(7:55 PM):
RCOOKIE, MR WHITE AND OTHERS BRING IN REPORTS OF THAT DAILY PROGRESS AND EDUCATION TO THE CHATROOM ON A DAILY BASIS
Hutch says(7:55 PM):
STAY TUNED
rcookie says(7:56 PM):
GREAT QUESTION AND SOOO IMPORTANT IN IRAQS TRANSITION AWAY FROM A CLOSED STATE RUN NON COMPETITIVE ENVIRONMENT...TO THE STATE OF THE ART TECHNOLOGY AND PRODUCTIVITY DRIVEN...COMPETITIVE PRIVATE SECTOR ECONOMY...
Lulu says(7:56 PM):
Rcookie, How fast can they get those few things done ? The things you mentioned above. Perhaps a day or two ?. Is the govt working on these or are they on ramadan vacation.
And... thanks to everyone here who work endlessly to keep us informed (L)
Hutch says(7:57 PM):
Lulu: Rcookie, How fast can they get those few things done ? The things you mentioned above. Perhaps a day or two ?. Is the govt working on these or are they on ramadan vacation.
And... thanks to everyone here who work endlessly to keep us informed
Nomad says(7:58 PM):
I like Lulu am concered about the time factor.
rcookie says(7:59 PM):
THE THINGS THE IMF IS REQUIRING TO GET DONE...LEGISLATIVELY...ARE REVISION OF 2016 BUDGET LAW...REVISION OF CBI LAW...VOTING OF PUBLIC FINANCIAL MANAGEMENT LAW....BUT WE NEED PARLIAMENT BACK TO WORK...YESTERDAY!!..
Nomad says(8:00 PM):
rcookie: Amen & Amen!
Lulu says(8:00 PM):
Thank you Rcookie (v)
Hutch says(8:01 PM):
THANK YOU RCOOKIE AND MR WHITE FOR A GREAT NEWSTIME AND THANK YOU ALL FOR PARTICIPATING !
THANK YOU SHEILA FOR COPYING AND COLORING AND THE PRAYER !! THANKS SUBBY FOR THE HELP
HAVE A GREAT EVENING EVERYONE !!!! GOOD NIGHT EVERYONE !!!
jimplants says(8:01 PM):
thanks guys be blessed excellence from liver and onions !!!!!
Tex says to rcookie(8:01 PM):
Great Stuff Cookie Mr. White many thanks
rcookie says(8:01 PM):
MR WHITE...ANY OTHER COMMENTS OR POINTS
wmawhite says to Tex(8:01 PM):
you are welcomed
rcookie says to jimplants(8:01 PM):
LOVE IT JIM.....TYVM
wmawhite says to rcookie(8:01 PM):
You covered it all, Professor rcookie
Tex says to Hutch(8:01 PM):
Ya did good Mr. Hutch (y)(y)
sheila3 says to Hutch(8:02 PM):
YOUR WELCOME
Nomad says(8:02 PM):
Thanks everyone...wmawhite & rcookie are in their element!
hi everyone!! sorry for a moment..just want to know..heard that the tariff would be executed on 25th june if im not mistaken..so any progress/news regarding the tariff..hope for no more delayed thnks
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