The Iraqi government for the first time reveals: Unemployment in Iraq, 27 percent and foreign debt

[gina1exp]

The Iraqi government for the first time reveals: Unemployment in Iraq, 27 percent and foreign debt 125 billion dollars?

***Brought in by dinardragonfly---Thank You!!!***

Palm - The economic adviser to the Iraqi government Kamal Basri, said the state alone can not provide additional job opportunities in the worsening unemployment in the country at a rate ranging between 25 and 27 percent have frequently the public sector and companies awash with staff and there is already the problem of disguised unemployment and state to find a problem in finding ways to necessary to work without the encouragement of foreign investment.

He stressed visual statement on the necessity of activating the investment in Iraq, to overcome obstacles to economic growth and pointed out that the Iraqi economy suffers problems, particularly low capital accumulation as a result of the low income level in the country and the high proportion of low-income workers, increasing the rate of consumption, making it difficult for renewal of production capacities and improving or transfer of technology and the entry of economic markets and foreign investment could contribute to the openness to technological progress and labor training various levels.

In a sign of weakening exports, Basri said that the Iraqi economy has become excessively dependent on oil exports fluctuating, while the industries and sectors of construction disappears as a result of previous policies, and for reasons related to poor production efficiency and remnants of war and Iraq is unable to obtain the necessary foreign exchange to finance domestic investment, and often lead to the development of foreign investment recipient country's exports to world markets.

The visual that Iraq is suffering problems related to production, perhaps the most pressing twice the power and caused problems of productivity and humane society and called for giving this sector a priority again after the oil as you need important facilities such as ports, railways, roads, bridges, water projects, massive investments in Time is of foreign investments, which are made by multinational corporations, a key factor for the transfer of technology across States and Iraq would get a new technology, work effectively on the local market by increasing production and improving efficiency.

He drew the optical to the burden of external debt estimated at 125 billion dollars, and a financial burden on the economy and a negative factor on the climate Alasttmarmchira that despite efforts to remove parts of these debts, is still to Iraq a long way to address it, search for rapid sources of extra cash for the Iraqi economy.

http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.nakhelnews.com/pages/news.php%3Fnid%3D1928&prev=_t&rurl=translate.google.com

[WHATTHE]

well, get your act together (and your gov't) and perhaps you'll see the country do better. i guess they want everyone to feel sorry for them now....

[viper51]

Most of Iraq's debt has been forgiven and washed away as will mpst of this 125B.

[clkelle]

just form the gov. and all else will follow