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The International Monetary Fund praises the Iraqi steps in the field of the financial and banking system, 19 JAN

The International Monetary Fund praises the Iraqi steps in the field of the financial and banking system, 19 JAN

Information/Baghdad..
Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Thursday, that the government’s plans in the field of economic and financial reform are the gateway and basis for all reforms, while the International Monetary Fund praised the Iraqi steps in the field of the financial and banking system.
The Prime Minister’s Media Office said, “Al-Maalomah” received, “Al-Sudani received in Davos the Director General of the International Monetary Fund, Kristalina Georgieva, on the sidelines of His Excellency’s participation in the Davos Economic Forum held in Switzerland.”
He added, “During the meeting, financial cooperation relations between Iraq and the International Monetary Fund were discussed, within the framework of supporting the development path in Iraq.”
Al-Sudani pointed out that “the government’s plans in the field of economic and financial reform, as a gateway and basis for all the reforms that the government plans in all vital sectors.”
Georgieva welcomed “Iraq’s accession to a non-financial program to support economic reforms, as meetings with the Fund begin next month to implement this program. She also praised the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment, expressing her understanding of Iraq’s peculiarity.” And the challenges it faces.”

almaalomah.me

"THE WHOLE INTERNATIONAL WORLD IS AWARE OF SUDANI'S MONETARY REFORMS & THEY ALL WANT A PART OF IT!! BY FRANK26, 19 JAN

 Frank26:  "THE WHOLE INTERNATIONAL WORLD IS AWARE OF SUDANI'S MONETARY REFORMS & THEY ALL WANT A PART OF IT!!!".........F26

International Finance Corporation: We want to expand our business in Iraq as an investment region

1/17/2024  Baghdad

The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”

The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."

Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”

For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it.  LINK

There is another one Iqd Iraq BY NADER FROM MID EAST

Sudanese to Washington: There is no need to worry! American newspaper: “Adjustment as the situation changes”, 19 JAN

Sudanese to Washington: There is no need to worry! American newspaper: “Adjustment as the situation changes”

Prime Minister Muhammad al-Sudani said that negotiating the status of the international coalition led by the United States “is no cause for concern” as the Iraqi forces are now in control of everything, especially the borders with Syria, in an interview with a prominent American newspaper, which said that the position of the Iraqi Prime Minister “A change compared to last year,” while indicating “possible adjustments” in the status of American forces.

Al-Sudani in an interview with the American newspaper The Wall Street Journal on the sidelines of the Davos Forum, followed by the 964 network:
We believe that the justifications for the international coalition have ended. There is no set date for the coalition’s departure.

We do not accept repeated attacks on American forces, and we also reject the American drone strike in Baghdad against a leader of the Popular Mobilization Forces.

There is no need to worry, we have security forces capable of controlling all areas of Iraq. The Iraqi-Syrian border is under complete control.

We do not agree with US policy towards the conflict in Gaza. The West ignores the suffering of the Palestinians before Hamas attacks Israel, and pressure must be put on Israeli Prime Minister Benjamin Netanyahu to end the “genocide.”

American newspaper:
US officials have confirmed that some adjustments to the status of the international coalition, which includes about 900 soldiers from more than two dozen countries as well as a battalion of 2,500 US soldiers, may be necessary. They also warned that an early withdrawal of US and foreign forces could increase instability in the Middle East.

Al-Sudani’s request to leave the US-led coalition signals a change in his position, as he said last year in an interview with the same newspaper that foreign forces were still needed to train and assist Iraqi units in the fight against ISIS, but not to participate in combat.

964media.com

"ABOUT THE COMMODITIES FUTURES CONTRACTS" BY JJIMMYJJ, 19 JAN

KTFA Wednesday Night CC:  https://youtu.be/B4diqPc1bAg 

JJimmyJJ:  I’ve been thinking about these commodity futures that Frank mentioned at the end of the call last night. 

Disclaimer: In my business career, I usually sold services, not manufactured goods, so I’ve never dealt with commodity futures. In addition, we don’t know what commodities were traded, the expiration dates of the contracts, if the differing amounts were for different length contracts, or even if these contracts are for imports or exports. 

Or, in other words, there are too many unknown variables for this to be anything other than a thought exercise for fun. But, while we’re waiting for the announcement, we certainly have time. So, let’s have fun with this. All IMO…

A commodities futures contract is a contract between too large entities to purchase the commodity at a set price at a future date. And usually for a set amount. Frank mentioned, as an aside, exporting something from Iraq. So, let’s assume these contracts were exporting a commodity out of Iraq. As their major export is oil, let’s assume these are futures contracts for oil. Frank also said these contracts are in dinar, which means that, if our assumptions are true, Iraq is going against the petro-dollar and getting paid directly in dinar. Also, if these are oil futures, we can confidently assume that the Ministry of Oil worked very closely with the PM’s office and the CBI on these contracts, so they aren’t guessing. This has to be based on information.

Frank also mentioned that there were at least two different contracts: 1 at an exchange rate of $1.68 per dinar, and another at $3.04 per dinar. 

Let’s assume that some entity isn’t getting a deal at almost half the rate of another entity, so the most likely cause of this discrepancy would be differing expiration dates on the contract. Perhaps the $1.68 contract expires earlier, and the $3.04 contract expires later. That would likely mean a float changing the rate. 

I sure would like to see the dates on those contracts. If all these assumptions are right (and they probably aren’t), this could show both the timetable the CBI is expecting for the float, AND that the CBI is at least looking at a rate over $3.00 per dinar.

Boys and girls, this is more a WAG than a prediction, but the expectations for this RV to finally get announced have just ramped up even more. It’s getting pretty hot in this waiting room of ours!

Holy smokes and Hallelujah! 

V

This is a direct threat from the government to the media BY NADER FROM MID EAST