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Economists propose concrete alternatives for Iraqi funds protection
<BLOCKQUOTE class="postcontent restore">May 25 2011
Despite lifting the protection extended to one year
Baghdad — Yasser ascendant
First Iraqi Institute for economic reform, the protection of Iraqi funds and assets of foreign States and attention by sector for the WSOP. Iraqi Institute initiative for economic reform, proactive step how the situation after the UN Security Council resolution to lift protection on Iraqi funds that are supposed to implement the next ... But extended for one year by decision of President Obama. However insist on the search for alternatives beyond the period of extension.
The participation of personalities of high level government high responsibility in view of the importance of the topic How to deal with the impacts that may result from this decision were former ministers attend Dr. Raed Fahmy Hafidh and the Central Bank and Chancellor Dr. Mohammed Saleh wood appearance. Conciliator shikara of the Office of financial supervision. Zouhair Al Hassani weabdalhadi investment authority Advisor Sadek, Deputy Director-General of the Iraqi bank of Commerce, Suheil Khairallah banking Advisor. Majed mock public banking sector representative and representatives of the ministries of higher education, planning and Foreign Affairs.
The workshop was structured around headed by Dean of the Faculty of Economics of university age, Dr. Imad Abdul Latif Salem rivers about ten questions can be summarized as:
What episode is there real threats of Iraqi assets after 1/7/2011 call for anticipating economic effects and on the remaining commitments to Iraq, and perceptions of the settlement compensation and SAB commercial creditors beyond the Development Fund for Iraq as the Symposium examined Iraq's legal stance of commercial creditors and what is the role of international legal group tasked with helping Iraq overcome potential prosecutions and wondered Also does the Central Bank of Iraq specific scenarios to deal with this file and what Iraqi diplomatic role in this regard and on other institutions ' roles as Parliament and the Office of financial supervision and the possibility of appeal against the compensation and other.
The Panel concluded that the recommendations of the task may be useful to the Iraqi side to address the potential effects of these discuss alternatives available protective put the Central Bank of Iraq oil revenues transferred to him as independent of the Government cannot deal with his funds as Government funds are confiscated.
Information successfully the Central Bank of Iraq in that direction by dragging some 53 billion dollars of his money through fragmentation and converted to various currencies for the calculation of the Central Bank of Iraq.
The workshop also recommended that the Ministry of Foreign Affairs, the measures necessary for the silver suits simple foreign private sector amounting to $ 2.7 billion through negotiated formulas guarantee minimal losses for the Iraqi side and to exercise its role in influencing the creditors proceeding from the principles of dialogue.
And good-neighbourliness and common interests between the parties and recommendations urged to exploit the relationship with the USA to enable Iraq to overcome the difficulties in this file, especially if it has a big role in reducing Iraq's debt.
The recommendations called for the formation of an Iraqi law office to coordinate with law firms specializing in the process of collecting and promoting transactions compensate Iraqi citizens affected by previous wars.
The recommendations need to reopen this file at the United Nations Secretariat from admittedly most of these debts are debts and reparations to the Iraqi people resident and is not responsible for the recommendations stressed that bear the burden of citizens in these difficult circumstances that constitute a violation of human rights and the international community to download all responsibilities and consequences of It is also through the Arab League and through bilateral relations with other States, for example, a critical pose.
Remarkably, participants were worried about the ability to manage this file efficiently, they need to raise the capacity of Iraqi negotiator to highest level in the interest of justice.
It should be noted that the Iraqi Institute for economic reform had make recommendations seminar between the hands of the highest in Parliament and the Government hopes to immunize and protect Iraqi assets and funds of State claims after expiration extension approved by Obama for another year.
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<BLOCKQUOTE class="postcontent restore">May 25 2011
Despite lifting the protection extended to one year
Baghdad — Yasser ascendant
First Iraqi Institute for economic reform, the protection of Iraqi funds and assets of foreign States and attention by sector for the WSOP. Iraqi Institute initiative for economic reform, proactive step how the situation after the UN Security Council resolution to lift protection on Iraqi funds that are supposed to implement the next ... But extended for one year by decision of President Obama. However insist on the search for alternatives beyond the period of extension.
The participation of personalities of high level government high responsibility in view of the importance of the topic How to deal with the impacts that may result from this decision were former ministers attend Dr. Raed Fahmy Hafidh and the Central Bank and Chancellor Dr. Mohammed Saleh wood appearance. Conciliator shikara of the Office of financial supervision. Zouhair Al Hassani weabdalhadi investment authority Advisor Sadek, Deputy Director-General of the Iraqi bank of Commerce, Suheil Khairallah banking Advisor. Majed mock public banking sector representative and representatives of the ministries of higher education, planning and Foreign Affairs.
The workshop was structured around headed by Dean of the Faculty of Economics of university age, Dr. Imad Abdul Latif Salem rivers about ten questions can be summarized as:
What episode is there real threats of Iraqi assets after 1/7/2011 call for anticipating economic effects and on the remaining commitments to Iraq, and perceptions of the settlement compensation and SAB commercial creditors beyond the Development Fund for Iraq as the Symposium examined Iraq's legal stance of commercial creditors and what is the role of international legal group tasked with helping Iraq overcome potential prosecutions and wondered Also does the Central Bank of Iraq specific scenarios to deal with this file and what Iraqi diplomatic role in this regard and on other institutions ' roles as Parliament and the Office of financial supervision and the possibility of appeal against the compensation and other.
The Panel concluded that the recommendations of the task may be useful to the Iraqi side to address the potential effects of these discuss alternatives available protective put the Central Bank of Iraq oil revenues transferred to him as independent of the Government cannot deal with his funds as Government funds are confiscated.
Information successfully the Central Bank of Iraq in that direction by dragging some 53 billion dollars of his money through fragmentation and converted to various currencies for the calculation of the Central Bank of Iraq.
The workshop also recommended that the Ministry of Foreign Affairs, the measures necessary for the silver suits simple foreign private sector amounting to $ 2.7 billion through negotiated formulas guarantee minimal losses for the Iraqi side and to exercise its role in influencing the creditors proceeding from the principles of dialogue.
And good-neighbourliness and common interests between the parties and recommendations urged to exploit the relationship with the USA to enable Iraq to overcome the difficulties in this file, especially if it has a big role in reducing Iraq's debt.
The recommendations called for the formation of an Iraqi law office to coordinate with law firms specializing in the process of collecting and promoting transactions compensate Iraqi citizens affected by previous wars.
The recommendations need to reopen this file at the United Nations Secretariat from admittedly most of these debts are debts and reparations to the Iraqi people resident and is not responsible for the recommendations stressed that bear the burden of citizens in these difficult circumstances that constitute a violation of human rights and the international community to download all responsibilities and consequences of It is also through the Arab League and through bilateral relations with other States, for example, a critical pose.
Remarkably, participants were worried about the ability to manage this file efficiently, they need to raise the capacity of Iraqi negotiator to highest level in the interest of justice.
It should be noted that the Iraqi Institute for economic reform had make recommendations seminar between the hands of the highest in Parliament and the Government hopes to immunize and protect Iraqi assets and funds of State claims after expiration extension approved by Obama for another year.
[You must be registered and logged in to see this link.] </BLOCKQUOTE>
