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Moody’s gives stable outlook for Iraqi government


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58 minutes ago, Officiallytook said:

I'm with you, but on this I was thinking you have to create debt and repay those to increase tryout credit rating the ability to pay back, maybe a great step using outside sources to help rebuild at this time, and one has to think much was probably destroyed, so how can you rebuild fast with nothing...outsourcing... but all in all this is awesome news and spectacular timing if you guys ask me. Good days DV

 

True, but they also already have significant debts outside the country. IMHO also not a good way to bolster the economy because they are giving jobs away that could have been handled from within their own borders, or at least supplemented by locals. Handling demolition and hauling away the debris shouldn't require outside talent. I'm sure they must have some local construction companies, electricians, and plumbers who could use the work. While I can see why they might want to hire from abroad for construction plans (architects and engineers), for the actual process of rebuilding it seems a bit shady to take away what seems like a golden opportunity to give jobs to their own people. Especially something they could be proud of--rebuilding one of their own prized cities. 

 

I know my opinion won't change anything, but it feels like they gave away a great opportunity to give their own citizens jobs they could be proud of, and a chance to earn money that could then result in a boost to the local economy and more purchasing power to their own people. 

 

Just my :twocents:.

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1 hour ago, RJ45 said:

 

True, but they also already have significant debts outside the country. IMHO also not a good way to bolster the economy because they are giving jobs away that could have been handled from within their own borders, or at least supplemented by locals. Handling demolition and hauling away the debris shouldn't require outside talent. I'm sure they must have some local construction companies, electricians, and plumbers who could use the work. While I can see why they might want to hire from abroad for construction plans (architects and engineers), for the actual process of rebuilding it seems a bit shady to take away what seems like a golden opportunity to give jobs to their own people. Especially something they could be proud of--rebuilding one of their own prized cities. 

 

I know my opinion won't change anything, but it feels like they gave away a great opportunity to give their own citizens jobs they could be proud of, and a chance to earn money that could then result in a boost to the local economy and more purchasing power to their own people. 

 

Just my :twocents:.

I understand you think they should have gotten the work done from people inside the country....

 

But what I'm saying is it may be in or under rubble...much of the country was under war ...we don't know the complete damage so with them look outside the country for the work to be done, and achieving it is good, for the country and rest of the world... I'm just trying to see the positives behind it and the reasoning... 

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