by Vixen » Wed Jun 19, 2013 8:51 am
6-18-2013 *Kaperoni ~IMO, it does not matter how big this event is, or who is wanting it. The bottom line is, and it's stated everywhere on the IMF, is that the IMF cannot make a country do anything. Yes, they have agreements such as Stand by Agreements (SBA's), or a Charter (To promote international monetary cooperation) in which members agree to adhere to...but each country must facilitate these reforms. The guidance comes from the IMF, but it is ultimately up to Iraq to execute. And we have seen Maliki often stall. So nothing is done, and nothing is set in stone. As long as he is doing this on his schedule, we wait..no matter the outside interest or forces. Shabibi knew that the UN resolutions preventing him from engaging the banking system with the world were lifted back in Dec 2010. Therefore, he moved quickly (June 2011 and again April 2012) to facilitate the banking system. They are ready, been ready and could do it at anytime. Maliki stands in the way. As for this lifting of UN Chapter VII and moving the remaining files to Chapter VI, yes it is very good as it takes the "stigma" of being under UN sanctions away. That stigma has been a problem for Iraq and hopefully this event will clear that up giving full sovereignty to Iraq to re-engage, and re-emerge in the global economy.