Half of the budget goes towards the general government salaries
Date: Monday, 12/26/2011 22:09
The banking sector unemployed helps to keep the chaos in Iraq
Citizen - the translation of Ammar Mohammed Kazem
The shelves are packed with imported goods in the markets rose in Baghdad and customers Bahrbhm barely moving in the narrow lanes without the shock of one another. Says the owner of markets Emanaal Dinkha: If there was a bank I can I will ask him to borrow a loan to open a new market ten times the largest of these markets, but, unfortunately, no. Three months ago, when he needed $ 2 million to build new stores elsewhere in the Bank agreed to lend $ 250 thousand dollars with only guarantees a large, and to understand the economic chaos in Iraq, we just have to take a look at the banking sector, there are no money transfer electronic lists Salary or checking account or credit card and the ATM are few and far between there are no loans for the restoration of the role and there is little of the mortgage and for most Iraqis, the banks are not only a safe deposit box. Proven oil reserves in Iraq, he placed third in the world after Saudi Arabia, Iran, and this is what makes the country one day and one of the richest countries in the world, however, oil is the only thing Iraq and issued a two-thirds of GDP. President Barack Obama has cited these guesses this month: that in the coming years will see the Iraqi economy is growing faster than China and India, compared with the period before 2003, the industry and agriculture is dying and reconstruction frozen in Baghdad and other parts of the country in addition to that eighty per cent of the economy However, the government, while the unemployment rate was 46 percent according to the statistics of the Central Bank. What makes this bleak outlook is that Iraq lacks the infrastructure bank to get out of this crisis as well as the political will to embark on economic reform exciting. What dominated the financial landscape is the state banks bloated budgets fake that see widely as facilities for corruption, said Ali Dabbagh, spokesman for the government: that Iraq is a country destroyed completely and nothing works in which all sectors obsolete and we have to start not from scratch, but what is less of it. Many of the problems that plagued Iraq was already present before the U.S. occupation has government nationalized the banks in 1965 and the rise of former dictator Saddam Hussein to power in 1979 stressed state control over the economy to increase political control and after the war of Iran and the invasion of Kuwait in 1991 for the United Nations has played and the U.S. a key role in imposing severe economic sanctions on Iraq that lasted for more than a decade as the U.S. invasion in 2003, which was planned badly and was based only on intelligence has raised sectarian conflict in the country led to the deaths of 4483 U.S. military and the death of more than 50 thousand Iraqi security forces in addition to 104 thousand Iraqi civilians according to the statistics of my site the number of allied casualties in Iraq and a number of Iraqi victims, but although it seems incredible that after nine years of occupation and the U.S. military presence seems to Iraq in the case of very unfortunate Many of the basic services Absent such as mail, public transport, for example, electricity equipment does not exceed 4 to 6 hours a day, at best, as it seems crippled Iraqis about how they can get out of this quagmire. In another example, half of the overall budget, including the most oil revenues do not go now to invest in future production such as access to gas, which now go in vain and can be run at least to generate electricity but it also goes towards the functions programmed to put more Iraqis on the list of government salaries. But despite that, the economy is strong can contribute to the solution of many problems of the country and helps to create a common ground to bridge the divisions. Says the appearance of Mohammed Saleh, Vice Chairman of the Central Bank adding that the economy can build and unite the country, even in the country plagued by divisions of national, religious and sectarian The market is the best thing that can unite all minority and solve every problem and create the country's great, but that market does not exist, there is no real estate market Most of the ownership or market goods are imported and there's almost nothing is sold in markets in Baghdad, Iraq, except for dates, for example, some products have everything on the table of breakfast of milk, jam, fruit salad comes from Turkey and even bread in some cases. Do you want some water? Take that water imported from Kuwait, Turkey has the water, while Kuwait is a country without water, and here we are in Mesopotamia, the country that have the two great rivers, however we import water from Kuwait. Said Haider Abadi, head of the parliamentary Economic Committee: We need a new beginning to come with ideas and new legislation. But the biggest frustration with the lack of attention to the government. The Transparency International, which monitors corruption and political corruption have put Iraq in the eighth position in the list of most corrupt countries on the ground level of Haiti and less corrupt than Sudan, Afghanistan, North Korea, where he says the foreign experts that the problems start from government contracts where the selection of bidders deliberately in advance closed list instead of open competition and that the rules of this game is anything but transparent, where he says one foreign experts: in fact, tried to discover what the people of these foreign companies and not others on the list but no one told me why.
Newspaper: McClatchy American
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Date: Monday, 12/26/2011 22:09
The banking sector unemployed helps to keep the chaos in Iraq
Citizen - the translation of Ammar Mohammed Kazem
The shelves are packed with imported goods in the markets rose in Baghdad and customers Bahrbhm barely moving in the narrow lanes without the shock of one another. Says the owner of markets Emanaal Dinkha: If there was a bank I can I will ask him to borrow a loan to open a new market ten times the largest of these markets, but, unfortunately, no. Three months ago, when he needed $ 2 million to build new stores elsewhere in the Bank agreed to lend $ 250 thousand dollars with only guarantees a large, and to understand the economic chaos in Iraq, we just have to take a look at the banking sector, there are no money transfer electronic lists Salary or checking account or credit card and the ATM are few and far between there are no loans for the restoration of the role and there is little of the mortgage and for most Iraqis, the banks are not only a safe deposit box. Proven oil reserves in Iraq, he placed third in the world after Saudi Arabia, Iran, and this is what makes the country one day and one of the richest countries in the world, however, oil is the only thing Iraq and issued a two-thirds of GDP. President Barack Obama has cited these guesses this month: that in the coming years will see the Iraqi economy is growing faster than China and India, compared with the period before 2003, the industry and agriculture is dying and reconstruction frozen in Baghdad and other parts of the country in addition to that eighty per cent of the economy However, the government, while the unemployment rate was 46 percent according to the statistics of the Central Bank. What makes this bleak outlook is that Iraq lacks the infrastructure bank to get out of this crisis as well as the political will to embark on economic reform exciting. What dominated the financial landscape is the state banks bloated budgets fake that see widely as facilities for corruption, said Ali Dabbagh, spokesman for the government: that Iraq is a country destroyed completely and nothing works in which all sectors obsolete and we have to start not from scratch, but what is less of it. Many of the problems that plagued Iraq was already present before the U.S. occupation has government nationalized the banks in 1965 and the rise of former dictator Saddam Hussein to power in 1979 stressed state control over the economy to increase political control and after the war of Iran and the invasion of Kuwait in 1991 for the United Nations has played and the U.S. a key role in imposing severe economic sanctions on Iraq that lasted for more than a decade as the U.S. invasion in 2003, which was planned badly and was based only on intelligence has raised sectarian conflict in the country led to the deaths of 4483 U.S. military and the death of more than 50 thousand Iraqi security forces in addition to 104 thousand Iraqi civilians according to the statistics of my site the number of allied casualties in Iraq and a number of Iraqi victims, but although it seems incredible that after nine years of occupation and the U.S. military presence seems to Iraq in the case of very unfortunate Many of the basic services Absent such as mail, public transport, for example, electricity equipment does not exceed 4 to 6 hours a day, at best, as it seems crippled Iraqis about how they can get out of this quagmire. In another example, half of the overall budget, including the most oil revenues do not go now to invest in future production such as access to gas, which now go in vain and can be run at least to generate electricity but it also goes towards the functions programmed to put more Iraqis on the list of government salaries. But despite that, the economy is strong can contribute to the solution of many problems of the country and helps to create a common ground to bridge the divisions. Says the appearance of Mohammed Saleh, Vice Chairman of the Central Bank adding that the economy can build and unite the country, even in the country plagued by divisions of national, religious and sectarian The market is the best thing that can unite all minority and solve every problem and create the country's great, but that market does not exist, there is no real estate market Most of the ownership or market goods are imported and there's almost nothing is sold in markets in Baghdad, Iraq, except for dates, for example, some products have everything on the table of breakfast of milk, jam, fruit salad comes from Turkey and even bread in some cases. Do you want some water? Take that water imported from Kuwait, Turkey has the water, while Kuwait is a country without water, and here we are in Mesopotamia, the country that have the two great rivers, however we import water from Kuwait. Said Haider Abadi, head of the parliamentary Economic Committee: We need a new beginning to come with ideas and new legislation. But the biggest frustration with the lack of attention to the government. The Transparency International, which monitors corruption and political corruption have put Iraq in the eighth position in the list of most corrupt countries on the ground level of Haiti and less corrupt than Sudan, Afghanistan, North Korea, where he says the foreign experts that the problems start from government contracts where the selection of bidders deliberately in advance closed list instead of open competition and that the rules of this game is anything but transparent, where he says one foreign experts: in fact, tried to discover what the people of these foreign companies and not others on the list but no one told me why.
Newspaper: McClatchy American
[You must be registered and logged in to see this link.]