backdoc » November 16th, 2014, 1:55 pm
THE DUAL CURRENCY REPAIR
THIS MORNING AFTER WORSHIP I FELT IMPRESSED TO SHARE.
AFTER READING COUNTLESS ARTICLES ON ISSUES RELATING TO THE NEW REALITY AND THINKING ABOUT IRAQ AND VIETNAM I KEEP BEING CHECKED IN MY SPIRIT THAT THESE TWO COUNTRIES ARE BILATERALLY PLAYING A ROLE HEADING TO THE NEW REALITY!
I KEEP SEEING DUAL CHANGES IN BOTH COUNTRIES WHICH APPEAR EERILY SIMILAR AND ULTIMATELY LEADING TO SOME KIND OF FINANCIAL CHANGE FOR BOTH!
WITH BOTH SEEING BANKING REFORMS, BOTH BECOMING MORE CAPITALISTIC, BOTH BECOMING FISCALLY SOUND, BOTH INTERTWINED INTO TRADE DEALS THAT ARE WORLD CHANGING, BOTH HAVING GREAT AGRICULTURE POTENTIAL,BOTH HOLDING SIMILAR AMOUNTS OF GOLD (IRAQ 90 TONS AND VIETNAM 100 TONS),
BOTH RESTRUCTURING BUSINESS AND INFRASTRUCTURE LAWS, AND NOW I SEE BOTH HAVING LOANS FROM THE SAME SOURCE IN REBUILDING THEIR INFRASTRUCTURES. MMMMM
I HAVE NO IDEA WHEN BOTH WILL HAVE A REALISTIC FOR SURE BUT SINCE BOTH ARE PAST ARTICLE FOUR REVIEW FROM THE IMF AND SEEM TO BE ADDRESSING SIMILAR ISSUES I AM COMPELLED TO BELIEVE MY IDEA OF A DUAL CURRENCY REPAIR OF THE DOLLAR AND THE RMB (YUAN) IS UNDERWAY...IN MY OPINION !
World Bank , Vietnam sign US$ 500 million loan to improve energy efficiency
Wednesday, November 12, 2014
Vietnam and the World Bank signed a US$500 million loan to fund construction of over 1,000 kilometers of transmission lines and implement Smart Grid technologies to improve reliability and quality of electricity supply.
Vietnam will finance another $231.25 million for the operation, known as the Transmission Efficiency Project, according to a press release from the WB.
The project is expected to improve the capacity, efficiency and reliability of electricity transmission in areas that are key to the country’s economic development, including the Greater Hanoi Area, the Greater Ho Chi Minh City Area, the Mekong Delta, and the Central Region.
“Improving energy efficiency is critical for Vietnam’s ability to meet energy demand to power growth and maintain improvements in welfare.” Victoria Kwakwa, Country Director for the World Bank in Vietnam, was quoted as saying in the release.
“Energy efficiency improvements are also important for reducing Vietnam’s rapidly growing greenhouse gas emissions and contributing to climate change mitigation,” she also said.
The project will finance transmission lines and substations, constituting about 15 percent of the expected need for transmission network expansion by 2020, according to the release.
It will also support Smart Grid technologies for monitoring, control, and protection equipment to improve reliability and reduce electricity outages, and help build the capacity of the National Power Transmission Company by supporting its operational and financial independence, as part of a plan to pilot a competitive energy wholesale market by 2015.
walkingstick » November 10th, 2014, 11:17 am
Abadi praises the World Bank and the latter confirms its support for the development in Iraq
Abadi, a delegation of the World Bank want to shift towards the private sector and encourage investment Movement
Abadi confirms the World Bank's pursuit of his government to shift towards the private sector and encourage investment
Abadi: We hope that the World Bank aspire to achieve what the government shift towards the private sector
Abadi: We hope that the World Bank to achieve what the government erected to him in our program
Conscious / Prime Minister emphasizes the promotion of private sector investment in the country
Shaways discuss with World Bank delegation finance quality projects and confirms: government is serious about achieving political stability
Monday, October 10 2 / November 2014 16:57
Search Rose Nuri Shaways, Deputy Prime Minister and Chairman of the State Economic Commission today with a delegation from the World Bank, who is visiting Iraq is currently the economic situation in Iraq and ways to finance them.
A statement by the Office of Shaways received by all of Iraq [where] a copy of it, "it was discussed during the meeting, the subject of the implementation of the cooperation with Iraq strategy and support the development process after the formation of the new Iraqi government in order to implement this strategy on the basis of the Iraqi priorities and take advantage of the World Bank's experience in the world of work with countries emerging from crises and wars. "
The Deputy Prime Minister, according to the statement "on the issue of the need to create an internal political stability and take advantage of the positive atmosphere surrounding the formation of the new government and push the process further understandings and political consensus down to the security and political stability of the firm," adding that "the government is serious in traffic in this area."
The statement pointed out that "the two sides stressed on identifying some of the projects that the World Bank can be financed with the importance of choosing quality projects so that there will be concrete achievements on the ground to win the confidence of citizens and rebuild the trust between the citizen and the government."
He also touched on the Deputy Prime Minister and a delegation of the World Bank "to the importance of the private sector and its role in the development process and the need for the private sector to be serious and a real partner with the public sector, and must be the development of this sector to be able to take real and serious role in the overall process of sustainable development."
The Intergovernmental Economic Commission announced last Thursday that it has taken many of the economic and financial decisions that will boost the economy, investment and development forward for the service of the public interest ". Without that describes what these decisions and nature.
The visit coincides World Bank delegation to Iraq with the Iraqi government warnings of a lack of financial liquidity may portend the future to bankrupt the state treasury with the decline in world oil prices, according to what he said Oil Minister Adel Abdul-Mahdi.
He said Abdul-Mahdi hosted in 30 of the last month's hearing "no need for Iraq to foreign debt because of his resources equivalent to the budgets of four neighboring Arab countries, but the problem is the fact that the unilateral Iraqi economy depends on oil, which imposes on everyone to understand that the issue continue this way will lead to bankruptcy. "
For his part, Finance Minister Hoshyar Zebari during the same meeting that "the withdrawal of the observed from the Development Fund for Iraq reserves during 2012 and 2013 affected economically and consequent financial commitments to a number of decisions and laws on compensation and the ration card and electrical projects."
Zebari added that "the amount of required deficit financing 21 trillion dinars, which Maittalb adoption of new styles, including the imposition of taxes on some luxury goods or communications."
The finance minister said, "There are several proposals, including the agreement with the central bank to reduce the reserve to 7 instead of 15% and a Trade Bank of Iraq to grant the Ministry of Finance a loan of $ 3 billion and the issuance of securities, which means that the fiscal deficit by about 5 trillion dinars," pointing at the same time "there was a real crisis in the financial liquidity but to call an end to bankruptcy in the presence of about 77 billion dollars in the fiscal reserve of the Central Bank has not been touched," .anthy
Abadi: We hope to achieve from the World Bank is erected to him in our program
By Mohammad Emad four eight 10.11.2014 |
Brother - Baghdad
The prime minister Haider al-Abadi, hopefully on the role of the World Bank in him aspire to achieve what the government in its program to shift towards the private sector and encourage investment movement, as indicated by the Executive Director of the Bank Mirza Hassan to the readiness of the World Bank to support the development process in Iraq.
He said the prime minister's office said in a statement issued on the sidelines of a meeting Abadi with the World Bank delegation, which represents the main headquarters in Washington and the Regional Office for the Middle East and North Africa and the IFC in the Middle East and North Africa and the Office of Iraq, Tqlt for News Agency (et) a copy of it. " At the beginning of the meeting, Abadi welcomed the visit and praised the role of the World Bank delegation in supporting development projects and economic reform. "
He added that "the Prime Minister pointed out the role of the World Bank during the last ten years in support of joint ventures with the Iraqi government and the private sector," noting that he "stressed hoped the role of the Bank in achieving what erected to him in our government program to shift towards the private sector and encourage investment movement" .
For his part, Executive Director of the World Bank Mirza Hassan during the statement, the "readiness of the World Bank to support the development process in Iraq, and the role is expected to support Iraq in the completion of projects and encourage the private sector," and expressed confidence in "the ability of the Iraqi economy to advance and overcome all the challenges due to the Iraq possessed of natural and human potential. "
The Deputy Prime Minister said Bahaa al-Araji, in (October 26, 2014) that he will be a series of legislation and procedures to support the private sector in Iraq, stressing the need to take the role of this sector in the current stage.