Hi Folks,
The World Bank released their review of the Financial Sector for Iraq. There's several items to remember:
The World Bank released their review of the Financial Sector for Iraq. There's several items to remember:
- The report was strongly worded toward the officials in Iraq to get their act together and complete some of the basic task from the original MOU in 2006.
- Many of the task should have been completed years ago and that is very disturbing. However, they have laid out some strong timelines for completion, particularly toward the end of the year timeframe.
- Remember, this was released in June 2011 and is just now being released to the public. Why? hmmmmm. I'll let you decide for yourself. Many of the task are targeted for completion December 31, 2011
Enjoy,
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Excerpts from the Conclusions and Recommendations of the Report
CLICK ON ON IMAGE FOR FULL SIZE IMAGE
MINISTRY OF PLANNING NATIONAL DEVELOPMENT PLAN 2011 - 2014 -- YOU MIGHT REMEMBER THIS ONE
Scooter, thanks for the highlighting, this is just their financial management shortcomings, the rest must be similar. What comes to mind is Breitling's single illuminating comment, ' bunch of goat herders, what do you expect".
ReplyDeletehhijohn
It is frustrating to witness,particularly since the the people of Iraq are in desperate need and the huge sacrifice on the part of its partners. What will be interesting to see is how the international community enforces this work upon the politicians of Iraq.
ReplyDeleteThanks again for the comment
Scooter
scooter saw your post today with bond lady and was curious of this list up above whats gotta be done before they rd/rv their currency thanks!
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