“Implementation of the budget-sharing agreement with the Kurdistan Regional Government would put both the federal government and the Kurdistan Regional Government in a better position to address the shocks to the Iraqi economy.”
Iraqs stand-by arrangement As part of the completion of the first review, the Board also approved Iraq’s request for a waiver for the non-observance of the continuous ceiling on new external arrears, and request to modify performance criteria. The Board also approved the request for a waiver of applicability for end of September targets of four performance criteria on the floor on gross international reserves (GIR) of the Central Bank of Iraq (CBI), the ceiling on net domestic assets (NDA) of the CBI, the ceiling on the stock of outstanding arrears to international oil companies and the ceiling on the stock of gross public debt, as well as a request for the rephasing of the arrangement.
IMF 07Dec16: - IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program - CHICKENFEED, BUT A START, HOW MUCH WILL ERBIL SEE ?, HOW MUCH WILL WE SEE ? - The Board also approved the ceiling on the stock of outstanding arrears to international oil companies - OK, SO THE PHANTOM DEBT DOES OFFICIALLY EXIST - HOPE YOU KEPT RECORDS OF OUR PORTION + INTEREST DUE SAMI. - Following the Executive Board’s decision, Mr. Mitsuhiro Furusawa, Deputy Managing Director and Acting Chair of the Board, issued the following statement: "Arrears need to be assessed and paid following verification, and expenditure commitment and cash management should be strengthened to prevent the accumulation of new arrears". DID YOU GET THAT, Dr. MNR - STUMP UP ARREARS and INITIATE FULL FUTURE PAYMENTS (Less your usual 'Signing Fees' of course) !
that "REMUNERATION" was the most prolific word in the AGM package ?
Exposes fully the underlying priority of our BoD that they would conciously divert hard-won PI contributions from the OO funds, and our erratic and dribbling monthly incomes - to squander several £M on a horrendously expensive External Consultants - to concoct a gushing justification of the fantasy that they will deserve ADDITIONAL rewards beyond their wildest dreams - for achieving WHAT ? exactly - (successfully) managing the Company they were hired to proffessionally manage on Our behalf ?
Get this disclosed to The Press - and give everyone another hearty Sunday Morning laugh at the antics within GKP.
Here's my tip for today Jon: Your Problem: How can I positively involve, motivate and retain the services of my dazzling BoD ? Rocket Science Solution: Why not Reward their remarkable past & future achievements ......... wait for it: WITH GKP SHARES !
There, that wasn't too difficult now - was it ? Oh - and it cost our Company NOTHING.
Pity about that External Consultant's fee now wasn't it - (thinks ......I could have had the Board spend SOME of their prolonged Remuneration discussions with the External Consultants, drafting that Letter of Intent for these badly needed Downhole pumps). Ho-Hum .... where's that book on Shorting Shares.
This is out order. I woke this morning seeing £28800 I was well happy now im gutted. What price was it when changed the number of shares £1 or something I didn't check phone all yesterday till this morning
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