Thread: Archive News - Iraqi Dinar Think Tank - 06/10/2010 - 24/01/2011

Planning: Benefits of the investment budget for 2011 is not sufficient for economic development in Iraq

The Ministry of Planning and Development Cooperation, on Wednesday, that what has been allocated from the investment budget for next year is not enough to the requirements of economic development in Iraq, indicating that it will recycle all amounts not paid by the provinces in the current year to the year 2011.

He said Iraqi Planning Minister Ali Ghalib Baban, in an interview for "Alsumaria News", "allowances next year to balance investment and $ 25 billion is not enough for the reconstruction and revitalization of the economic process in Iraq," stressing "the need to shrink the state of operational expenditures and to transfer its funds to the investment budget."

Baban said that "the Iraqi government must heed and rely on the Iraqi private sector and foreign investment through the implementation of projects," noting that "reliance on state allocations only in the implementation of projects is not enough economic requirements of Iraq."

Baban pointed out that "Iraq's need of the annual investment budget is twice what is allocated," stressing that "there will be recycling all the amounts are not incurred by the provinces during the current year for the next year."

And reached the Iraqi budget for next year, 102.5 trillion Iraqi dinars, equivalent to U.S. $ 87 billion, with a rate of 75 trillion Iraqi dinars operating budget and the remaining balance investment, while the federal budget for the year 2010 more than 83 trillion dinars.

The cabinet agreed during a meeting held, in the thirteenth of the month of October of last year, the federal budget for 2010 and $ 83 trillion Iraqi dinars, and contains the supplementary budget for the year 2009, amounting to five trillion and 300 billion, were approved by the House of Representatives In January of last year, also asked the provinces to increase their share of the budget.

http://www.alsumarianews.com/ar/3/14...-details-.html

Before chairing a meeting of the Security Council Biden meets with the commander of U.S. forces in Iraq

Met with U.S. Vice President Joe Biden, and adviser to U.S. President for National Security Tom Donilon last night with the commander of U.S. forces in Iraq, Gen. Lloyd Austin, where he reviewed the latest developments in Iraq.

A statement from the White House they discussed the progress made by Iraq to provide security, noting that Biden will chair today's meeting of the UN Security Council on Iraq, which aims to to strengthen and confirm the progress made by Iraq and discussed ways to further members of the UN Security Council support for the Iraqi government and its people.

The United States officially ended its combat operations in Iraq in the first last September and reduced the number of troops there to about 50 thousand to train and support Iraqi security forces and conducting joint operations to combat terrorism and would withdraw completely from Iraq by the end of 2011

http://www.ipairaq.com/index.php?nam...itics&id=33554

America is seeking in the Security Council today to end the oil for food program and the extension of immunity on the Iraq money

The United States hopes that the UN Security Council lifts restrictions on the import of nuclear technology to Iraq even though Baghdad has not admitted to the United Nations Convention on the rigorous nuclear inspections.

Diplomats said the 15-state also plans at a meeting chaired on Wednesday, Vice President Joe Biden the adoption of resolutions to end the oil-for-food controversial which was run by the United Nations in Iraq and extend the immunity that protects Iraq's claims of compensation related to the invasion of Kuwait in 1990 for a period of six months.

Said a senior U.S. diplomat told reporters on condition of anonymity that such immunity would expire at the end of June 2011.

Western diplomats said that Baghdad will continue to pay five percent of its oil revenues in compensation for war and will go mostly to Kuwait despite Iraq's claim to re-negotiate those payments so that he can use more of his money in oil development projects, much needed.

A Western diplomat said that Iraq still owes Kuwait for about $ 22 billion in damages.

And justified the U.S. Ambassador to the United Nations, Susan Rice, the final steps of the Council in a letter to UN Secretary-General Ban Ki-moon, saying that after decades of tyranny and war, Iraq is a founding member of the United Nations to restore and put it right in the international community. Iraq had made significant progress in recent months, despite continuing challenges.

The Security Council said in February it would raise the restrictions on Iraq after the incredible number of international conventions, including the so-called Additional Protocol, an agreement with the International Atomic Energy Agency of the United Nations on inspections of minutes.

Iraq has signed the Additional Protocol and submitted to Parliament for ratification and implementation of agreed in principle to come into force. And also pledged to Baghdad, but never seek to acquire nuclear weapons, chemical or biological weapons.

Rice said that although Iraq has not ratified the Protocol, the Council will examine the development of a formal end to the restrictions imposed on Iraq ... Including those related to oil for food program and nuclear development for civilian purposes.

The U.S. official said that deregulation would enable Iraq to pursue a civilian nuclear program.

http://www.ipairaq.com/index.php?nam...itics&id=33553

Governor of Diyala province receives Mr. Ali al-Sistani representative in an organization today humanity

Governor of Diyala province receives the Director and members of the founder of today's cultural humanism delegation was led by Foundation Sheikh Sadiq al-Zubaidi representative of Sayyed Ali al-Sistani has met with the governor's delegation in his office in the Office of the province of Diyala, during the meeting, said the governor on the need to provide financial and moral support to groups of widows and orphans and the needy to maintain the the importance of this slide as the face of the governor's allocation of financial support by the municipality of Abu Saida, to create a park within the judiciary, stressing the need for the attention to the aesthetic and service to the cities and districts to maintain

http://www.diyalaprovince.com/index....topic/tid/359/

CBI dollar sales drop to $189 million

The Central Bank of Iraq (CBI) dollar sales dropped on Wednesday to $189.182 million at an exchange rate of 1170 Iraqi dinars per dollar, compared to the previous session’s $209.960 million.

“The demand hit $1,560 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $187.622 million in foreign transfers outside the country, covered at an exchange rate of 1,183 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 20 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=139805

Iraq is seeking to join the World Trade Organization

Scheduled to begin the Iraqi government moves round with the new Turkey, Kuwait and Russia to persuade them to support Iraq with regard to accession to the WTO.

The chancellor said the Iraqi government, Ahmed Hehani The government is preparing for a round of talks with Kuwait, Turkey and Russia to persuade them to join the WTO, noting that 2011 will see the new moves to Iraq to support a project to joining the World Trade Organization, which impeded by only three countries, namely Kuwait, Russia and Turkey

http://radionawa.com/Ar/NewsDetailN....354&LinkID=155

Maliki instructs Finance provide a detailed report on the 2010 budget

MALE economic adviser in the Iraqi government peace Quraishi that Prime Minister-designate Nuri al-Maliki has instructed the Ministry of Finance need to provide a detailed report on the recycling of funds to the 2010 budget.

Quraishi said that Prime Minister Nuri al-Maliki ordered an official letter to the Ministry of Finance need to provide statements on the process of recycling funds budget in 2010, exhausted by the formal institutions of government, pointing out that Maliki said in a book on the need to provide financial report before the end of this year and show the most prominent ministries did not exhausted their funds.

http://radionawa.com/Ar/NewsDetailN....349&LinkID=155

Vice is the budget 2011, "flaccid" and calls for review of the economic system

The deputy of the National Alliance, on Wednesday, the budget in 2011 as a "flaccid", the fact that the bulk of the operational side and not by investment.

, "Said Abdul Mehdi Nassiri told the Kurdish news agency (Rn) that" the provision of thousands of government jobs within the budget of 2011, as well as the size of the available functions of government institutions has made the financial budget is not useful to the progress of the country's economic and investment although they numbered substantial. "

He added that "to address sagging career starts streamlining the public sector that will address part of the problem of classification of funds budget in 2011 as part of clear mechanisms for dealing with the issues that have a priority."

He said he "can not be any country in the world to accommodate all children in the public sector, but government is supposed to stakeholders that mature private sector or even the corporate sector between the public and private sectors."

It is hoped that the Iraqi Council of Representatives will vote on the two legal and financial Provisional and will be performed by them to discuss the budget in 2011 and presented to the House of Representatives.

Nasseri said that "the budget in 2011 Stjerie numerous modifications that may address a small part of the problem of sagging career and the organization of the recruitment process in government departments."

The Ministry of Planning that the mechanism of employment in government institutions is deliberate and requires re-consideration in accordance with the need for Iraq and the nature of economic interdependence with other countries and international financial institutions.

The Iraqi Council of Ministers said in a statement on the first of December this, he had approved a draft budget for 2011 a deficit of $ 12 billion will be covered by the amounts retained from the previous year's budget and borrow internally and externally, between the expected income is estimated at 66.7 billion The dollar expenditures amounted to 78.7 billion dollars, a shortfall of $ 12 billion.

http://www.aknews.com/ar/aknews/2/202471/

Vice is the budget 2011, "flaccid" and calls for review of the economic system

The deputy of the National Alliance, on Wednesday, the budget in 2011 as a "flaccid", the fact that the bulk of the operational side and not by investment.

"Said Abdul Mehdi Nassiri told the Kurdish news agency (Rn) that" the provision of thousands of government jobs within the budget of 2011, as well as the size of the available functions of government institutions has made the financial budget is not useful to the progress of the country's economic and investment although they numbered substantial. "

He added that "to address sagging career starts streamlining the public sector that will address part of the problem of classification of funds budget in 2011 as part of clear mechanisms for dealing with the issues that have a priority."

He said he "can not be any country in the world to accommodate all children in the public sector, but government is supposed to stakeholders that mature private sector or even the corporate sector between the public and private sectors."

It is hoped that the Iraqi Council of Representatives will vote on the two legal and financial Provisional and will be performed by them to discuss the budget in 2011 and presented to the House of Representatives.

Nasseri said that "the budget in 2011 Stjerie numerous modifications that may address a small part of the problem of sagging career and the organization of the recruitment process in government departments."

The Ministry of Planning that the mechanism of employment in government institutions is deliberate and requires re-consideration in accordance with the need for Iraq and the nature of economic interdependence with other countries and international financial institutions.

The Iraqi Council of Ministers said in a statement on the first of December this, he had approved a draft budget for 2011 a deficit of $ 12 billion will be covered by the amounts retained from the previous year's budget and borrow internally and externally, between the expected income is estimated at 66.7 billion The dollar expenditures amounted to 78.7 billion dollars, a shortfall of $ 12 billion.

http://www.aknews.com/ar/aknews/2/202471/

Security Council ends Saddam-era Iraq sanctions
http://www.google.com/hostednews/afp...ed42e22fb84.31

By Tim Witcher (AFP) – 1 hour ago
UNITED NATIONS — The UN Security Council on Wednesday ended key international sanctions imposed on Iraq in a major move toward bringing closure on the Saddam Hussein era.
Three council resolutions ended sanctions over weapons of mass destruction and ended the UN oil-for-food program for Iraq. The action will allow Iraq to start civilian nuclear activities, but was intended mainly to highlight political changes, including its new government.
US Vice President Joe Biden and UN Secretary General Ban Ki-moon led praise for the efforts of Iraq's democratically elected government while warning that Iraq must make a final peace with neighbouring Kuwait and that major security challenges remain.
The 15-nation council passed one resolution lifting sanctions imposed in 1991 to stop Iraq building nuclear, chemical and biological weapons. Weapons of mass destruction were used to justify the US-led invasion in 2003 but never found.
A second resolution formally ended the oil-for-food program which allowed the late Iraqi dictator to use billions of dollars of oil money to buy food and medicine between 1996 and 2003.
A third resolution extended UN protection by six months for hundreds of millions of dollars in the Development Fund for Iraq (DFI) which was set up after the 2003 war to handle oil and other revenues.
France abstained in the vote on oil for food vote saying that additional financial guarantees should be provided. The others were passed unanimously.
While the votes concentrated on weapons of mass destruction and the oil for food program, the meeting was intended by the United States as a symbolic recognition of the political changes in Iraq.
Biden told the meeting the Iraqi people have "flatly rejected the grim future offered by extremists." He said the number of violent attacks was now at a low since the US-led invasion in 2003.
"Iraq is on the cusp of something remarkable -- a stable, self-reliant nation," Biden said.
A Security Council statement welcomed changes in Iraq and "recognizes that the situation now existing in Iraq is significantly different from that which existed at the time of the adoption of resolution 661" in 1990 after Iraq's invasion of Kuwait.
"The adoptions of these important resolutions marks the beginning of the end of the sanctions regime and restrictions on Iraq's sovereignty, independence and recovery," Iraqi Foreign Minister Hoshyar Zebari told the council.
"Our people will rejoice for having turned a chapter on the aggressive, belligerent and defiant behavior of the previous regime toward international law and legitimacy."
But the UN leader Ban stressed that Iraq must make efforts to agree a border with Kuwait and to agree on a dispute over war reparations to Iraq if all sanctions are to be ended.
Iraq still pays five percent of revenues from its oil sales into a fund which pays reparations to Kuwait, which has demanded that Iraq pay another 22 billion dollars.
"Iraq still has some way to go to resolve all outstanding issues with brotherly, neighborly Kuwait," Zebari said, but he vowed it would "top the agenda" of the new government.
While recognizing the changes, Ban said that "Iraq remains a challenging environment" which will need political and financial support, particularly after the departure of remaining US troops in 2011.
The Iraqi people "continue to struggle with insecurity and appalling violence. They lack jobs and basic services. But today we recognize how far the country has come in key aspects of its journey to normalize its status in the community of nations."
The meeting started with a minute's silence for US diplomat Richard Holbrooke, architect of the Daytona peace accords to end the Balkan wars of the 1990s, who died this week. Biden called him "one of America's greatest warriors for peace."
The UN Security Council agreed in February to lift civil nuclear curbs on Iraq after it ratified a number of international agreements, including the International Atomic Energy Agency's Additional Protocol, which allows for extra international nuclear checks.
Iraq has been applying the accord but it's parliament has yet to ratify the protocol.