##### New measures to protect Iraqi funds abroad

05/28/2013 12:00 AM

BAGHDAD - morning
Iraq was able to find alternative measures to the Development Fund for Iraq (DFI) with the U.S. near the end of the protection of money in it. This was announced by Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, explaining

"The financial returns are protected by the immunity of the Central Bank of Iraq, and the support of the international community, especially the U.S. government and the U.S. Federal Reserve, as well as the fact that Iraq is witnessing a steady increase in fiscal revenues."

He Shaways in his speech at the Global Forum "to counter the global financial crisis", which was held in Kazakhstan last week, that "Iraq has become a one of the most basic sources of energy in the world, so it can be an important factor in the stability of the global economy, and plays a role prominent role in many aspects of economic development ".


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Dr Shaways: the effects of the global financial crisis on Iraq were minor


BAGHDAD - A fraternity
Tuesday 28/05/2013


Deputy Chairman of the Federal Minister Dr. Rose Nuri Shaways that the effects of the global financial crisis on Iraq were minor, noting that the global financial crisis a few years ago was the most serious since the recession crisis between the years 1929 1932.

He attributed Shaways in a speech during the World Forum on the face of the global financial crisis, which was held in Astana, capital of Kazakhstan, the lack of impact of the crisis on Iraq, that Iraq's imports of oil stable, as well as the lack of investment in Iraqi abroad because of the political situation, which passed the country before the fall of the regime dictatorship.

He pointed out that this matter is added to the balance of Iraq to play a positive role on according to its capabilities in responding to the crisis, even in the scope of the World, adding: "Iraq could, after consultation and support from the international community, liquidation of the debt of the former regime to a large extent, also found the perfect replacement Development Fund for Iraq EDF any. "

And: "Iraq's money is now protected as they were, but during the immunity enjoyed by the funds and assets of the Central Bank of Iraq, with the help of the U.S. government and the Federal Reserve Bank as evidenced by Iraq's imports increased steadily."


http://www.altaakhipress.com/viewart.php?art=30143#pagebegin



EDF(European Development Fund)

Shaways in a global economic forum: Iraq's imports experiencing increased steadily


Baghdad / justice - 05/28/2013 - 11:03 pm


Deputy Prime Minister for Economic Affairs Rose Nuri Shaways that "Iraq's imports witnessing a steady increase." The statement quoted the Office of the Deputy Prime Minister Shaways said, in his speech during the World Forum on the face of the global financial crisis,

Which was held in Astana, capital of Kazakhstan, who headed the Iraqi delegation, said that "the global financial crisis that occurred years ago, and its effects were the most serious since the crisis Depression between the years 1929-1932, and their effects on Iraq were minor, and the reason is that Iraq's imports of oil stable, as well as the lack of investment in Iraqi abroad, because of the political situation, which passed over the country before the fall of the dictatorial regime, and that it Adaav to balance Iraq to play a positive role, according to its potential in addressing the crisis even in the scope of the World.

"said Shaways that" After consultation and support from the international community , could Iraq Filter debt of the former regime to a large extent, also found the perfect replacement for the Development Fund for Iraq [DFA] and Iraq's money now protected as they were, but through the immunity enjoyed by the funds and assets of the Central Bank of Iraq, and with the help of the U.S. government and the Reserve Bank Federal, as evidenced by Iraq's imports increased steadily.

"The statement pointed out that" Shaways touched on the work strenuously to the plans of Iraq's economic which has worked to develop the oil industry national, and increase production to meet the requirements of global demand, creating facilities for foreign investors and local workers in the fields of oil and energy, as well as encourage local private sector to play its role better in the economic process of Iraq, where he developed and implemented plans studied to find a genuine partnership between the public and private sectors, and the addition of major projects for the development of the sectors of agriculture, industry, mining and services.

"The oil imports about 95% of Iraq's budget, but very now there is no law in the country organizes its affairs after the failure of previous Representatives Bdortih the Council and to pass the current oil and gas law, which was expected to rise oil situation in the event of approval.


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it could be this but not sure?

DFA= Development Facilitation Act

http://www.info.gov.za/view/DownloadFileAction?id=70986

Shaways looking with a delegation of French economic cooperation and bilateral relations



Shaways looking with a delegation of French economic cooperation and bilateral relations

Baghdad / Baghdadi news / .. Deputy Prime Minister Ruz Nuri Shaways, on Monday, with the French ambassador in Iraq, Dennis Gower, director of the Middle East and the French Development Agency Mary Berry Nicolette, relations

Between the two countries and ways of enhancing and strengthening in the common interest. According to a statement moved the Information Office of Shaways and received / Baghdadi News / copy of it, that "Nicolette has provided an explanation on the work of the French Development Agency and its efforts to strengthen bilateral cooperation in the fields of construction and reconstruction," explaining that "Shaways noted that the Iraqi government authorized the Ministry of Finance to negotiate a loan French which includes two projects Aaroaúaan commencement in Wasit province, and another in the Kurdistan Region, after the discussion within the ministerial economic committee under his chairmanship with the International Committee of the Partnership. "

He added that "Iraq is keen to pursue a foreign policy that strengthens the bonds of relationships with friends and benefit the Iraqi society, by taking advantage of international expertise in the areas of development of all kinds, especially the French Development Agency."

The statement continued, "For his part, the French side expressed desire to communicate to strengthen relations between the two countries and to ensure the implementation of the notes and files of common interest." Finished / 21


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Shaways: Iraq immune from the risk of global economic crises
Shaways: Iraq immune from the risk of global economic crises
05/28/2013 06:18
Reduce the Deputy Prime Minister for Economic Affairs Rose Nuri Shaways risk of global crises on the Iraqi economy, pointing out that the rents of the national economy, and its dependence on the financial-oil imports, has made the country untouched by the economic effects suffered by many of the world countries.

While Shawis pointed to continued immunity to Iraqi funds deposited in international banks, revealed the existence of new outlets to replace the Development Fund for Iraq (DFI).

Citing a statement issued by the Office of the Deputy Prime Minister and received "morning," a copy of it, the Shaways said during his speech at the Global Forum "to counter the global financial crisis," which was held in Kazakhstan last week: The financial crisis the world has seen in recent years was the biggest The most dangerous on the international economy, since the crisis of the Great Depression in the years 1929-1932, did not pan economies of countries, including Iraq immune from the consequences of the crisis, but the effects of that hit Iraq has been limited and has been largely absorbed.

He MP that the global impacts on the Iraqi economy has been contained by the stability of the proceeds of Finance, and the lack of investments him abroad as a result of the political situation, which has passed through the country for several decades, which led to alleviate this crisis, stressing that these factors gave Iraq position to play a prominent role in contributing to address many aspects of the international financial crisis.

At the time, who revealed which Shaways for Iraq was able to find alternative measures to the Development Fund for Iraq (DFI), pointed out that "the financial returns are protected by immunity of the Iraqi Central Bank, and support of the international community, especially the U.S. government and the U.S. Federal Reserve, as well as the fact that Iraq is witnessing a steady increase in fiscal revenues, "pointing out that Iraq has become a one of the most basic sources of energy in the world, but it can be an important factor in the stability of the global economy, and plays a prominent role in many aspects of economic development.

Among Shaways that effort in Iraq to pursue a policy of oil depends on the strategy and a clear focus directly on the techniques of modern art, which help to increase the production and of information technology and staff specialist to promote the reality of productive according to the new requirements in line with the priorities of the market, and this is crowned with success by attracting companies foreign and facilitate the task of the awarding of contracts and the full show flexibility by the government in banking and other measures in order to promote and encourage investments in the oil sector.

Turning Shaways during his speech to the vital role played by Iraq in the transition towards market economic policies, an approach that passed by the Iraqi Constitution, hinting that since the early draws country to mobilize the private sector's role and activating the role of national and foreign investment, was the light of that decision-making kit The legislation set of laws that aim to support the private sector to occupy its core in the process of economic reform and revitalize the economy and diversifying its sources, confirming continue to audit the development of legislation and economic programs aimed at opening up wide to encourage investment in Iraq that Iraq is desperately needed.

He alluded Shaways that Iraq continues tirelessly to fight inflation, unemployment and poverty, as well as maintaining the exchange rate of the dinar, praising the independence of the central bank, which managed to play a vital role in maintaining the value of the dinar against the rest of the foreign currency, explaining the determination of the country to adopt a Platform for investment practical and thoughtful to develop the sectors of industry, mining, agriculture, through the promotion of effective partnerships between the public and private sectors.


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