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(diff source) The financial crisis a lesson for Iraq

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therealbubbie

therealbubbie
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CO-ADMINISTRATOR

12:45 30/06/2015

The head of the economic cabinet adviser appearance of Mohammed Saleh said Tuesday that the government is seeking to diversify the investment of oil revenues to develop some types of manufacturing industries, agricultural and service sectors, indicating that the financial crisis a lesson for Iraq for the advancement of its economy and diversify sources of income, pointing at the same time to the difficulty of managing the economy and achieve development in light of the war being waged against Iraq Daash.  

Saleh said that "the country is exposed to fierce war and the enemy behind it a foreign power, a depleted war," he said. "At the same time we want to build and reconstruction and development and that Almadlitn and combine them is not easy, and the construction and management of the economy hold such is difficult circumstances."

"The state has priorities, and the more improved the financial position and improved oil prices and revenues and develop these priorities are to go toward everything that generates income as an industry and agriculture".

He stressed that "the crisis is a lesson for Iraq for the advancement of its economy and diversify sources of income."  

He said that "Iraq is heading to the manufacturing, agriculture and services produced and not rely on oil."  

According to economists, the country has been affected much due to the drop in oil prices in world markets, the resource that the country was dependent entirely dependent upon what impact negatively on all walks of life, to disrupt and cause a lot of things that contribute facilitated.  

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