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The International Monetary Fund and the World Bank will hold a joint conference April 21-22, 2013

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tlm724

tlm724
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While doing research I came across this conference hosted by the IMF and World Bank. I found it interesting that on their agenda on Day Two Monday, April 22 11:00 am–12:30 pm they will discuss Fiscal Frameworks for Growth in Natural Resource-Rich Countries. I reviewed the PDF for this part of the conference and did find the DFI for Iraq mentioned. I do not know specifically if Iraq will be discussed however one could presume that they may. Just an FYI. Thanks

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Date: April 21-22, 2013
Place: IMF HQ2 Conference Hall 1 1900 Pennsylvania Ave., N.W. Washington D.C.
The International Monetary Fund and the World Bank will hold a joint conference at the IMF's headquarters in Washington, DC from April 21-22, 2013.

The conference is open to Spring Meetings attendees, accredited press, and all IMF and World Bank staff.

The global financial crisis refocused interest in fiscal policy as an instrument for growth and development, while also underlining the importance of fiscal sustainability for macroeconomic stability. In an environment of low growth in the advanced economies, developing countries have a strong incentive to seek out new domestic engines for efficiency and productivity growth, as well as for greater equity in development. The potential of fiscal policy to promote these objectives is therefore of great interest to developing country policymakers. The conference will focus on several key themes with presentations by IMF and World Bank staff and discussions led by academics and policymakers:
Tax Policy and Expenditure Composition for Growth: The session will consider how tax policy constraints can be overcome as well as identify what revenue and expenditure sources are most growth-friendly.


Leveraging the Power of Infrastructure Investment: This session will consider how infrastructure investment can close the infrastructure gap and boost growth prospects.


Fiscal Institutions for Growth: This session will examine the role of fiscal rules, fiscal responsibility frameworks, and medium-term frameworks for growth.


Fiscal Frameworks for Growth in Natural Resource-Rich Countries: Natural resource wealth poses a unique opportunity for developing countries, but can also bring with it macroeconomic, fiscal and governance challenges. This session will address questions of how much to save versus spend, managing volatility and the political economy of natural resource-led development.


Fiscal Policy for Poverty Reduction, Improved Income Distribution and Human Capital Development: The session will focus on the role fiscal policy can play in reducing income inequality and achieving more equitable social outcomes

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Day Two Monday, April 22
11:00 am–12:30 pm

Session IV: Fiscal Frameworks for Growth in Natural Resource-Rich Countries and Small Economies

Chair:Sri Mulyani Indrawati, Managing Director, World Bank

Session IV: Fiscal Frameworks for Growth in Natural Resource-Rich Countries and Small EconomiesChair:Sri Mulyani Indrawati, Managing Director, World Bank Presenters:Alex Segura, Todd Matina, Marcos Poplawski-Ribeiro, and Christine Richmond (IMF): *** Fiscal Frameworks for Resource Rich Developing Countries


Anand Rajaram (WB): Rents to Riches: The Political Economy of Natural Resource-Led Development Discussant: Tony Venables (University of Oxford)

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MY Notes from Fiscal Framework for Resource Rich Developing Countries Report (August 24th 2012)

93. SWFs can have different governance structures, ranging from separate financial
institutions, operating as autonomous entities (e.g., the Libyan Investment Authority, Iran’s Foreign
Investment Company), to simply another government account (e.g., Algeria’s Revenue Regulation
Fund, a local-currency account at the central bank). Some “SWFs” are simply managed as
international reserves or as cash (Box 4). Also, it is often the case in practice that funds defined as a
pool of assets tend to be legally set up under the Ministry of Finance and are operated by the
central bank. Some, though, operate as separate entities or as arm’s-length entities from the
government and are managed by a board of directors. In most cases, the ownership of the assets,
together with the policy aspects of the management of the assets, is retained by the government
(typically the Ministry of Finance), while the investment management of the assets is delegated to (a)
relevant institution(s) (central bank, a specialized agency or both in some cases) that can in turn
contract external managers to manage some assets/portfolios.55

Box 4. Examples of Fund Arrangements in Developing Economies
The Development Fund for Iraq is a government account at the Federal Reserve Bank of New York;
95 percent of all export sales of petroleum and petroleum products are deposited in this account, which is
treated in practice as a pure cash management account. Funds required to finance the budget are disbursed
to the government’s account at the central bank, and part of the other resources are invested in very liquid
instruments.


Note: SWF = Sovereign Wealth Funds


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tlm724

tlm724
ADMINISTRATOR
ADMINISTRATOR

It is time to bump this and also please consider this article :

Iraqi Central Bank to discuss issues of the protection of Iraqi funds with U.S. Fed
Published in: 10:02 am, April 20, 2013 Editor: ipa 2
BAGHDAD (Iba) .. Search the Iraqi Central Bank Governor Abdul Basit Turki Saeed with the U.S. Federal Reserve Bank Central Bank of Iraq and the protection of Iraq's money.

A source from within the central bank, told the independent press (Iba) said on Saturday that "the Iraqi Central Bank Governor Abdul Basit Turki organized a private visit to Enyoryuk to discuss the protection of Iraq's money and reserves of the Central Bank and other issues, financial with the Feds."

The source continued that "the Turkish visit to Washington came on the sidelines of the spring meetings in America which is considering the financial and banking issues and developing new plans for the develop morphological sector". (End)

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_________________
Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

player46


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MEMBER

My goodness, the 21st and and 22nd.. that is tomorrow and Monday. And parl. returns Tuesday. TY for your research and dedication to BLC. We are watching some very exciting things take place. Wink

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