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(Crocker and mortgage the Iraqi economy)

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1(Crocker and mortgage the Iraqi economy) Empty (Crocker and mortgage the Iraqi economy) on Sun Aug 09, 2020 3:23 am

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(Crocker and mortgage the Iraqi economy)  

Majid Al-Shuwaili
126 2020-08-08
Majid Al Shuwaili ||


Reading in {Report of the Future of Iraq Working Group / Atlantic Council Fourth Session

Crocker was aiming to deepen and document the relationship between the United States and Iraq in order to preserve the US national security in the first place, and this is what he did not conceal or disavow. To prevent America from being involved in a third war, as he clearly referred to.

It seems that he found that the best way to impose the hegemony of the United States on Iraq is through controlling its economy after the military hegemony became too costly and after America faced fierce resistance that led to the deaths of approximately 4,500 of its soldiers, with which it lost 815 billion dollars, as stated in the same report.  

Therefore, he called for pledging US aid to Iraq, which he flaunts in his report only with loans (the World Bank) and (and the International Monetary Fund) that are dominated by America and in which the will of states is shackled and their decisions are dependent on them.

Indeed, through the influences of America on these two suppliers, Iraq enabled Iraq to obtain 15.6 billion dollars in value over three years, including a loan from the American government, which is a guaranteed bond of 2.149%.

Thus, it becomes clear that the United States has not provided anything for free at all.

On the contrary, it is known that the interest of loans granted by the IMF, as declared by the laws of this fund, it reaches in the first stage from 1.4 to 2.6% and rises in the second and third stages to
reach 6 To 10%

With conditions

Reducing operating expenses

Reducing government appointments

:small_red_triangle: And the application of conditions of austerity

:small_red_triangle: To reduce government spending

In addition to these conditions, Crocker was urging the government to implement the system of collecting {taxes} and customs, and had it not been that they realized the danger of compromising salaries, retirement pensions and social welfare on the government's position and their fear of collapsing, they would have insisted on it in the conditions they insisted upon.

According to the dialogues that took place between the Iraqi government and the IMF in the capital (Amman, Jordan)

:large_blue_diamond: He also called for linking the Iraqi economy with the Gulf Cooperation Council by urging the Council to engage in Iraq more through long-term investments, believing that the Gulf countries would benefit from (understanding the changes that occurred on the Shiite political elites in Baghdad) that showed resistance to Iranian trends and policies in Iraq!!

:large_blue_diamond: The most remarkable thing is that Crocker called for a swap of the debts accumulated on Iraq for Saudi Arabia since the time of the former regime, amounting to $30 billion (property)

Among the most important sectors Crocker focused on in his call for investment are the oil and gas sector  

Greetings

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