Thread: Iraq/Dinar News. 09/05 to 01/14/07

If anyone is interested, todays press confrence with Koffi Annan was replayed on c-span 2 tonight. I decided I had way to much time on my hands (sleep is over rated) so I transcribed every part of the confrence that pertained to Iraq. So, here ya go.....


Annan: We’re going to have an Iraq compact meeting which will be attended by about 33 countries and institutions. The Iraq compact is an idea that the Iraqi government came up with and we are working with this on them to really help strengthen their economic and financial systems and also to seek international support and they will be setting benchmarks that they will out forward as what they intend to do in order not only to firm up their own economic situation but also to provide assurance and confidence to the international community that they are a serious partner on the other side and for all of us to work together. There will be a separate meeting between Iraq and its neighbors but this is a much broader meeting

Reporter: (garbled question about pledges, fundraising)

Annan: No, there will be no pledges and fund raising. I think it is the 18th of September.



Reporter 2: Secretary General I would like to ask you about a place you did not go to on your trip but a place that must have been a subject of conversation with leaders of places you did go to and that’s Iraq. The leaders of the region, what do they think the consequences have been for the region of the American invasion of Iraq and did they have a view is to whether the Americans should stay there or should leave


Annan: Honestly, most of the leaders I spoke to felt the invasion of Iraq and its aftermath has been a real disaster for them. They believe it has de-stabilized the region and they also believe… Actual there were 2 schools there. Many leaders prefer that the Americans should stay, should stay until the situation improves, and that having created the problem they cannot walk away. Then you have another school of thought particularly in Iran that believes that the presence of the US is a problem and that the US should leave. And if the US were to decide to leave they would help them. So in a way the US has found its self in the position where it cannot stay and cannot leave, and if it has to leave the timing has to be optimal and it has to be arranged in such a way that it does not cause disruption and violence in the region.


Reporter 3: Mr. Secretary General I wanted to go back to Iraq and the Iraq compact. Can tell us what concrete guidance or contributions are expected to come out of this and some nations are a little bit skeptical. They say it is a fig leaf that you all are putting down over this. And since you brought it up can I ask to expand how Iran has offered to help the Americas leave?

Annan: Let me say that on the issue… okay let me take the second one first I didn’t get into details as to how they intend to help. I mean they were quite clear that the U.S. presence was a problem and they should be withdrawn. What was your first question? Oh yeah. The compact obviously an Iraq initiative that we are supporting. The U.S. is also very actively involved. And the idea here really is to generate international support for the economic development of Iraq. I think wait till next week, the pessimist may be surprised. I don’t know what will happen. The attendance is good. No specifics we’re going to discuss it and they will put forth some Ideas.

I got this info from our friend Rollsroyce on the "other" forum. I tried to PM him him with a link to this forum however all that appeared to him was www.*******.com. He may make it over eventually. Until then, enjoy...

RollsRoyce
Kurd's update . . .

We have spent a fair amount of time in the last couple days with back and forth emails from my Kurd L/Friend's family . . .

Bottom line . . . rv still @ .98 Euro, and still will be announced in a few days . . .

It's hard to press them . . . they keep saying . . . what's the hurry? . . . etc. . . . "You Americans don't need the money." . . .

My read on their messages is that *politics* [why not] are involved . . . who will get credit . . . should it be a stand alone announcement . . . or should it be bundled with several other *good-for-Iraq* messages . . .

Like . . . "and in addition . . . I / we . . . have decided that the time has arrived to 'r/v' our Dinar." . . .

If / when I learn more . . . I'll post more on this subject . . . Patience, patience, patience . . .

See Rollsroyce listed as newest member on home page. Welcome to all.

U.N. Secretary-General Kofi Annan Press Conference
Sec.-Gen. Annan holds a press conference to discuss Lebanon, U.N. Reform, Darfur, and other topics in conjunction with General Assembly sixty-first session that began on Tuesday, the 12
9/13/2006: WASHINGTON, DC: 1 hr.

javascript:playClip('rtsp://video.c-span.org/project/intl/intl091306_un.rm')
C-SPAN.org: Search Results

In Beijing symposia economic reform sponsored by the Ministry of Industry and Minerals and the presence on its economic Jacob Chuina held symposia first tagged the importance of corporate governance in economic reform.


The symposium was Dr. Ahmed management periodic general director of training in the ministry and TRACKER Prof. Dr. Hisham Amr from the Mustansiriya University and lecture by the expert Afif al-Mahmoud Saleh, a researcher from the Ministry of Industry and Minerals.
The interventions were by the teachers Bata specialist Dr. Al-Kubaisi of the Ministry of Planning and Development Cooperation, an economist, Prof. Dr. Jamil Mohammed Jamil Skinner, the Ministry of Agriculture and Mr. Bassem Jamil Antoine Vice President of the Federation of Iraqi businessmen and banking expert conciliator Hassan and economic Alvkiki.

"Sabah" and as usual in such forums task was to attend the discussion and follow the proceedings of the symposium and recorded the most prominent place in this symposium.
Economic expert at the Ministry of Industry Professor Afif al highlighted a lights at the beginning of his lecture on the concepts and definitions of this term new economic corporate governance stressing that did not specify the definition of the one agreed to avoid interfering in many aspects of economic, administrative, legal and social.

The president pointed out that the World Bank defined governance as the manner in which power is exercised State Department sources of economic and social development and witnessing the Organization for Economic Cooperation and Development as the rules that manage and control the work of the installations and establishes its distribution of rights and responsibilities among the various parties P They are my board of directors, managers contributors, stakeholders also establish rules and procedures necessary to make the right decisions that define the objectives of the company.

And the most important tools of governance researcher identified by the transparency and disclosure, which requires the provision of accurate information and make way for the decisions in the area of public policy and the dissemination of information on the financial and operational results for the expansion of the circle of participation and oversight and accountability.
He said the fight against corruption one of the most prominent and most important tools of corporate governance because the threat of corruption is the President of the economic development and reform, For the control of the involvement of the government in all economic and social actors to take the responsibility to control and reduce it.

On other governance tools to reduce risks due to the need for firms to local financing sources and to encourage foreign investors and persuade them to the efficiency and good performance of companies which paid to the use of systematic organization of the entire work, in particular its financial accounts at the level of internal evaluation and outsourcing is not the evaluation and issuance of the reports, as well as promoting competition and preventing monopoly and enhancing performance.

Based on these advantages enjoyed by the governance researcher believes that as long as Iraq is in a new phase of building a state of institutions and re-organizational structures and the adoption of privatization as the reform programs of the state-owned enterprises it must be based on sound principles and rules governing the work and the rule of law one of the principles of corporate governance.

Turning researcher at the experiences and examples of applications of the principles of corporate governance, pointing to the experiences of Egypt, Romania and Colombia stressed the importance of relying on international standards, which came against the background research and study on the causes and consequences of economic and financial crises that struck a number of economies of South-East Asia and Mexico Loro Cea and collapses of financial institutions as a major economic result was that corporate governance is the best solution to such crises.

He added - Tello-conscious sensation in the world of Governments and international institutions and organizations of the importance of the role of governance in the process of economic construction and reform and reflected this interest by holding international conferences and forums, regional and national levels to continue to deepen and improve the principles and norms of governance in all countries% pw not.
Afif al concluded in his vision of the economic reform that he believes that the Ministry of Industry and Minerals qualified for leading the development of a national action plan on corporate governance and the participation of all concerned parties in the various economic sectors.

He suggested the formation of a joint body formulate principles and the rules of corporate governance and the follow-up exercise within the companies, the public and private sectors.

He summarized the functions of this body several functions, including the development of principles and norms of governance are taken into account legal and economic reality in Iraq and inspired by the spirit and principles of international trends.

Moreover, the Authority to review all laws and deepening the principles of governance within that legislation and propose draft laws and new instructions to fill the gaps and complete and the creation of an integrated system up to the level of international principles and the opening of direct communication channels with relevant international, regional and national levels.

Among its other functions develop a plan for gradual introduction of the principles and rules of corporate governance within the economic institutions and the creation of the appropriate environment within the economic institutions for the implementation of the requirements of government and provide input application and assumed the task of leadership training and management principles which will Almaaber Iraqi and international signaled the duration of good governance.

He stressed the importance of the researcher proposed to increase public awareness and develop the culture of the concept of corporate governance through all means of communication and information readable and the Audio-Visual.

After that, Dr. Hisham Amr commenting on the lecture, marking positive cases and then reopen the debate, interventions and consensus.
All discussants were unanimous on the importance of this initiative, which enemy proactive happenings economic transformations that will be witnessed by Iraq and praised the effort in the preparation of this paper.
The participants of the seminar proposed to raise the composition of the corporate governance of the Iraqi recommendation to the Cabinet and parliament for approval after Andhajeh so is the correct starting point towards economic reform.

At the conclusion of the symposium pointed Economic Advisor to the Ministry of Industry Jacob Chuina to the ministry's program included the establishment of four seminars focused on the role of banks in economic reform and transparency and their role in economic reform and the impact of economic reform on employment and public awareness that the success of economic reform during the month j September and October next.

Participants characterized the discussions and transparency in the presentation of weaknesses in this method and the possibility of applying corporate governance fit and the nature of the Iraqi laws in force.

Translated version of http://www.alsabaah.com/paper.php?source=Archive

Hey, guys
IMF report on CNBC about Singapore meeting. It is on now.

I was just watching CNBC and they were talking about the IMF meeting of Governors in Singapore. Masood Ahmed was talking but nothing real specific except that for 2007 they upgrade world growth by 5%...not sure what that means. He was just being interviewed briefly so he did not get into any detail just an overview of the meeting to come. Sorry...I don't have anything else to post....I just about killed myself getting to the keyboard when I saw IMF pop up on the TV...thank goodness this is going to reval soon...I get so excited when I see new info I am a danger to myself! LOL

Hmm, world growth by 5%.
Not without a REVAL!!

Iraq needs $US25b over 5-6 yrs to up production to 6m b/d

Iraq needs $US25 billion in investment to increase its production to six million barrels of oil a day, from a current 2.5 million barrels. "Some $US25 billion over next five to six years is needed in order to develop oil production to in excess of six million barrels a day," said Thamir Ghadhban, an adviser to the Iraqi Prime Minister.



Bout time they gave the Americans and the rest of the world what they want and r/v the dinar or they might find the support will dry up.....

It's so close I can smell it....