By Roy Gutman
Posted 26/12/2011 04:33 PM
Shelves full of imported goods in the "supermarket" rose capital of Baghdad. And customers can barely move their shopping carts in the narrow corridors without bumping each other, an indicator for the promotion of prosperity has become common for goods and foreign goods in the country ranging from children's toys and even cars. The store owner says Emmanuel Dinkha Talna: if there was a bank Akarzna money, I would like to get a loan to open a new market can be ten times greater than this shop that I own. But there is no bank Akarzna money that we need .. Three months ago, he received the amount of $ 250,000, high interest rate, and guarantees a large, while searching for a sufficient amount of two million dollars in appreciation for the completed building a new store elsewhere.
To understand the state of economic chaos plaguing Iraq, we should not look beyond what it is it if the banking sector. Voqaha refers to the absence of electronic funds transfers, for the purposes of payment of salaries or "bills" and virtually no scrutiny duly certified accounts, credit cards are not available. The ATMs are few and far between, and no loans to improve housing construction or renovation, and a few mortgage banks. For most Iraqis, the banks do not offer their services only as "secretariats of the funds," as it is called in the language of the banks.
In spite of what Iraq has proven oil reserves, as is the third country after Saudi Arabia, Iran, Iraq "retarded" a lot with them, but it can be one day and one of the richest countries in the world. At present, oil is the only material issued by Iraq, and oil represents two thirds of GDP. This is cited by President Barack Obama this month on preliminary estimates which will lead this country because the grow in the coming years, exceptional growth. We have confirmed that Iraq's economy "will grow faster than the economy by China or India."
But compared with the pre-2003, the industry and agriculture were in an agony, pushed was frozen in Baghdad and in many other parts of the country. Eighty percent of the economy in the hands of the government, according to the Central Bank of Iraq. Employment and unemployment, "low wages" was increased by 46 percent, according to the World Bank says. But what makes the outlook very bleak is that Iraq lacks the infrastructure bank to get rid of this mess, but it needs to be "political will" capable of vast economic reforms needed by this sector. And currently dominate the financial landscape, two state banks inflated, although the budget "false" which is seen widely as being responsible for "facilitating practices of corruption," this destructive phenomenon that resonate in the Iraqi street and around the government institutions, but wherever he went in this country .
In this context, said Ali al-Dabbagh, a minister of state and government spokesman: "Iraq destroyed almost completely. And nothing worked. And all sectors are disabled, and we have to start from a point below zero."
Many of Iraq's problems existed before the U.S. invasion. The government nationalized the banks in 1965, and Saddam Hussein, who became the head of power in 1979, he emphasized the economy of the state to increase political control. After a devastating war that broke out with Iran from 1980 to 1988 and then Saddam Hussein invaded Kuwait in 1991, and following that played by the United Nations, with the participation of the United States a leading role in the imposition of harsh economic sanctions for more than a decade. The U.S. invasion in 2003, has adopted the plans very bad, and the procedures adopted only on the intelligence flawed, and that the invasion was a major cause in igniting a sectarian war, led to the deaths of 4483 U.S. soldiers and more than 50,000 members of Iraqi security forces and more of 104,000 Iraqi civilians. However, it appears security in the rest of the country, and even now is "fragile."
The reality now is that the country and after nearly nine years of occupation and the U.S. military presence can only be described as a "state of grief." Many other essential services are missing in this nascent democracy: the regular supply of electricity, is one of the dilemmas, most people do not only receive four to six hours at best. The situation is very bad in the areas of postal service, public transport and the national airline, while the lack of the judicial process to protect foreign investments and the settlement of claims to the lowest level of legislative and procedural available by the state of the poor countries in the world. And examples to mention here the facts do not count.
It seems the Iraqis as if they are paralyzed when they think of how to get out of this "quagmire." In his recent visit to Washington, he promised Prime Minister Nuri al-Maliki's new legislation to encourage foreign investment. But some of his top aides detractors of the role of the private sector, they are "happy" just to mobilize the public sector of the state. Dabbagh said: "Let me say that the people we have - here - different, I mean sitting in high positions, they can not create any economic vision."
For example, without limitation, half of the general budget, including a lot of oil revenues, which now began to flow, do not go according to the characteristics of investment in the (future production) or to invest in the gas burning, and goes down the drain, although it could provide what enough electricity for the rest of the country. As well as it is able to provide a program of employment puts more Iraqis on the payroll of government.
"The government can not employ everyone, and the private sector to play a role," says Ali al-Dabbagh. The economy is not only one of the social issues in Iraq, where sectarian tensions still exist, and threaten to internal wars. There is a very serious constitutional disputes in the context of major oil-rich city of Kirkuk, which can lead to differences of political and administrative them to the outbreak of violence.
The neighboring countries, like Saudi Arabia, Iran, and Turkey, all ready, to throw more money into the furnace "of Iraqi politics." In the country's 3 million internally displaced or refugees abroad, according to the United Nations. It is possible to lead the uprising in Syria (Iraq's neighbor to the north) to inflame sectarian tensions again.
Says Vice President of the Central Bank of Iraq: "The economy can build the country and the people in the melted Bodqp one, notwithstanding the divisions of religious, sectarian and nationalist." And adds the appearance of Mohammed Saleh as saying in Miklache: "The market is the best place for the integration of any minority in the midst of life and work, and to solve any problem, and to create a great nation." But this market is talking about Iraqi expert, does not exist in reality. "Follow"
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