"Baghdad Bob's" Daily Report Sunday November 11th, 2012
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Thread: "Baghdad Bob's" Daily Report Sunday November 11th, 2012

  1. #1

    Post "Baghdad Bob's" Daily Report Sunday November 11th, 2012

    World Bank advisory published 3 reports of Iraq
    2012-11-11 07:26:01

    BAGHDAD (Iba) .. The World Bank in collaboration with the advisers in the prime minister fired three analytical reports with the Iraqi government on the management of oil revenues and economic diversification, efficient spending, and improve the delivery of services, and reform the legal and regulatory environment to attract private sector investment.

    The economists at the World Bank Kevin Carey and Sybil Colacsz provide these reports to the effectiveness of large Houdrhaadd of government officials from different ministries, parliamentarians, international organizations and civil society participants, as well as the media and representatives of the business sector.

    The head of the advisers in the prime minister Thamer Ghadban,: These reports provide many useful recommendations for the ongoing reform process in Iraq, adding that we welcome World Bank support for our reforms, and we look forward to identifying ways that will contribute to the implementation of the recommendations made ​​by these reports.

    The reports is Almzkrhalaguetsadah country (CEM) management of oil revenues for economic diversification, this report highlights Alyalthdiat Alaguetsadahalta Tusbandhacash Altnumeihfa sound Alaracmthelaladararh of Aaúdatllhadd Mananmo Alinvqatwaltqlb, and private sector Tseiltnumeih,

    Report Public Expenditure Review (PER) to spend more efficiently to improve service delivery in العراقيحددالتحدياتالرئيسيةالتي faced spending Alaamve Alaracoikdm policy recommendations on how Maaljhhzh issues. And Hmmeltaltusiataaadh Togeralsaash Almalahlltkhvev Manalaatmad on Alinvtwaltzbzb in oil prices, and Kzlktazizaltnoaa economic, and improve revenue management Alnaftyhokfah customization Manalnfqat Amaltsal Elyalanillat Almaliltkadim Alkhaddmatalfalh, Anchaeataradarhalasttmarat Amaltazizakaddrh infrastructure Atizlmcharaa.

    Also confirmed Tqrertqiem investment climate (ICA) on the need to Tazizuaslah Albeihaleghanonah and Altnzimihfa Alaracljzbasttmarat sector Alkhasltseilaltusa in infrastructure Alosasahoaaadh rehabilitation. Taatdmentusiat ICA create Haihalaslahllahrav Alytnzimalqtaa private, and increase the supply of Alkahrabaan by investing Alaamve field generating Taqhalkahrbaúah with Tazizniz transfer and distribution of this energy, in addition to the reform of public utilities that Tanybalemyahotaqh to Tsubhmoktefah Matyaokzlk investment Phippny new infrastructure and improved Maahoanakl.

    And confirmed that the Special Representative of the World Bank in Iraq, Mary Helen Pericnl, that passage of the new procurement law is crucial to the reform process in Iraq. Though this law is a regulatory the Alrisahlatar points in Iraq.


  2. #2
    "IMF": slow recovery of the economies of the "Arab Spring" in 2013

    November 11, 2012 03:16 PM Last Update: 11 Nov 2012 15:16

    International Monetary Fund forecast in a report on Sunday to witness most of the economies hit by the Arab Spring uprisings slow recovery with Mkadtha high inflation and rising unemployment due to weak global conditions.

    The IMF said in its semi-annual forecast for the Middle East and North Africa The return of political stability in part will allow faster growth to some extent each of Egypt, Jordan, Morocco, Tunisia and Yemen in 2013.

    But he went on to say that weak demand in Europe and other regions will affect the countries of the Arab Spring, which shrinks exports many of them did not reach down to a range of after, according to the Reuters news agency.

    The report "is expected to continue to grow less than long-term trends are expected to rise unemployment rate due to the continuing weak external demand and prices for food and fuel prices and regional tensions and blurry policies."

    He acknowledged Masood Ahmed, Director of the Fund for the Middle East and Central Asia that the Fund and other institutions, which announced forecasts underestimated the difficulties facing the countries of the Arab Spring and said that the previous forecast was referring to the start of recovery in the year, but this did not materialize.

    He told a news conference "stop deflation but we have commercial growth rates hardly population growth and certainly much less than the level needed to reduce the unemployment rate."

    The IMF predicted to grow gross Evacuee in the five countries increased by 3.6 percent next year, up from its forecast for the current year at two percent and 1.2 percent in 2011. In 2010 the former uprisings average GDP growth of 4.7 percent.

    As a result of weak global demand will be recorded in the current account those countries only a slight improvement in the next year and the IMF predicted that the ratio of the deficit to 4.6 percent of GDP compared to 5.4 percent in the current year.

    The fund hinted that some countries should study to allow for greater flexibility in exchange rates - which means reducing the value of their currencies - in order to stimulate exports, without specifying the names of the states concerned.

    Analysts believe that the Fund may urges Egypt to let down the value of its currency in the ongoing talks on a loan of $ 4.8 billion provided by the Fund to Cairo. But Ahmed did not specify the countries that the Fund's opinion that the devaluation of their currencies

    The fueling weak currency inflation rate, which the Fund expects to rise to 8.6 percent next year, the highest level since 2008, compared with 7.8 percent this year.

    The IMF expects inflation to rise in Egypt, Morocco, in the midst of two attempts to reduce large budget deficit by cutting food and fuel subsidies. The political tensions prompted Arab Spring countries to try to achieve social peace to increase spending on social welfare, such as support.

    The IMF predicted that the the Composite deficit shrinks budgets of the five slightly next year to eight percent of GDP from 9.1 percent. Ahmed expressed his concern for the failure of countries to take tough decisions to reduce their budget deficits.

    "Some countries finance current spending and mostly in the form of support to reduce investment allocations longer gamble the future of the economy."

    The Libya that toppled last year, its leader Muammar Gaddafi notable exception of slow growth model thanks to its oil wealth. And began oil production back to levels before the fighting in the country at a faster pace than expected.

    The gross domestic product shrank in Libya by 60 percent in the past year, but the fund is expected n grow by 122 percent this year and 17 percent in 2013 and seven percent per year on average between 2014 and 2017, assuming improved security situation within the country.

    The IMF predicted that Libya recorded a large surplus in the budget of up to 19 percent of GDP in 2012 and a surplus in the current account balance by 22 percent.

    The IMF said that the inflation rate in Libya jumped to 16 percent in the past year Ntihh what hit factories and transportation network resulting from battles but it is likely that the ratio drops to ten percent this year with the return of corporate activities to normal gradually and then drop to only one percent in the year next.


  3. #3
    Shabibi: the government seeks to control the reserves of the Central Bank
    2012-11-10 11:45:31

    LONDON (Iba) ... rejected Iraqi Central Bank Governor article Shabibi charges against him, particularly «mismanagement of funds and failure to work, pointing out that the government authorities threatened the independence of the Bank in order to reach its reserves.
    Shabibi's comments came after weeks of being sacked from his post, which was preceded by warnings against him and against other government banks, diplomats and analysts considered it comes in the context of seeking to control the bank by Prime Minister Nuri al-Maliki, who has denied his office and standing behind it.
    Shabibi said in a telephone interview from Geneva with the French Press Agency «They were trying to عزلي since 2009, and they want money from the central bank reserves.
    The «I think that the main problem is essentially a reserve, because they believe that we have a lot of up and want to use it to finance and the Central Bank Law does not allow this.
    Shabibi added «definitely say there are differences in the exchange rate policy, and I do not think that these differences require dismissal of the central bank governor.
    In response to a question about the existence of the impact of threats and accusations against him and other officials on the independence of the Bank, Shabibi said 'definitely yes'.
    Shabibi refused to name any government official, but pointed out that they «were talking constantly about the obligation to their supervision on monetary policy and that they must decide a lot of this policy, and all these things.
    Financial analysts describe Shabibi (70 years), which extends for nearly two decades experience in the United Nations, and his central bank governor since 2003, as a technocrat struggled to maintain the independence of the Central Bank of Iraq.


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