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yota691

Report: Iraq lacks an economic vision

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20 June, 2019
 
An Iraqi with her two sons in the old city of Mosul

An Iraqi with her two sons in the old city of Mosul

The Center for Middle East Carnegie said that Iraq lacks an economic vision and does not have a strategy for the reconstruction of the areas liberated from the control of a preacher more than a year ago.

The researcher at the Carnegie Institute of Pearl Rashid in an analytical article that the Iraqi government says it needs to $ 88 billion for the reconstruction of the war - ravaged against Daesh between 2014 and 2017.

Baghdad has so far received only a fraction of this amount from international donors, despite previous international pledges of $ 30 billion to contribute to reconstruction, she said.

Al-Rasheed warns that the delay could increase the risk of political and social unrest in a country trying to recover from its crises.

Recently, many scandals have revealed that reconstruction contracts have been won by fictitious Iraqi companies owned by senior politicians, according to the writer of the article.

"These companies simply resold these contracts to Turkish and Jordanian companies, in exchange for millions of dollars in commissions."

She also pointed to the existence of other problems that hinder the return of affected areas, notably corruption, which causes delays in projects and waste of funds.

Iraq announced in December 2017, defeating a hasty organization after more than three years of bloody fighting in western Iraq and northern Iraq.

In 2014, Da'dash controlled more than one-third of Iraq's territory and made the northern city of Mosul a "capital" of its "caliphate" after its spread across vast swathes of Syria and Iraq.

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Report: Iraq lacks an economic vision

Reports | 08:36 - 20/06/2019

 
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Baghdad - 
The Carnegie Endowment for the Middle East said on Thursday that Iraq lacks an economic vision and does not have a strategy for the reconstruction of areas liberated from the control of a pre-emptive organization more than a year ago. 
"The Iraqi government says it needs $ 88 billion to rebuild the war-ravaged war between 2014 and 2017," said Carnegie Scholar Loual Al-Rasheed, an analyst at the Carnegie Institute. 
"Baghdad has so far received only a fraction of this amount from international donors, despite previous international pledges of $ 30 billion to contribute to reconstruction," she said. 
"This delay could increase the risk of political and social unrest in a country that is trying to recover from its crises," al-Rashed warned. 
Recently, many scandals have revealed that reconstruction contracts have been won by fictitious Iraqi companies owned by senior politicians, according to the writer of the article.
"These companies simply resold these contracts to Turkish and Jordanian companies, in exchange for millions of dollars in commissions." 
She pointed out that there are other problems hindering the operations of the return of affected areas, notably corruption, which causes delays projects and waste of funds

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This is NOT Rocket Surgery . . . Corruptions' stranglehold is formidable. . . it's getting into Iraq's development at every level.

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1 hour ago, jake21 said:

Corruption is all they know and its making them rich 

 

Indeed.....they have an "economic vision" but it doesn't have anything to do with the citizens of Iraq.

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