Then today also out pops this article below from Iraq, once again talking about the reasons for the down turn of the Iraqi economy, its causes and the as possible solutions. So what are problems and the solution(s) to the economic crisis?
We all should know these solutions by now. I have gone over them again and again with you as I have presented article talking about the Abadi reforms. Do you now see why he is instituting these reforms and why they are needed?
Let me list them once again for you as they talked about them in the article below.
Remember this is their words not mine. No hype, No rumor, just the FACTS. I am quoting from this article below
Problems with the Iraqi Economy:
1) “economic deficit due to falling oil prices”
2) “lack of state resources (over a trillion dollars in stolen funds -Who stole the $$?)
3) “sagging economic structure”
4) “prevalence of corruption” (money laundering, falsified contracts, ghost soldiers, etc)
5) “inability for the state to fund development benefits and services, sustain health and social programs, including salaries of employees”. (the money needed to pay these programs is gone, stolen)
Solutions to the Economic Crisis in Iraq:
1) “realistic treatments of the crisis” (make the necessary difficult changes)
2) “control over the budget deficit”
3) “adoption of groups of economic policies that would reduce public spending”
4) “promote opportunities to find additional resources” (diversify Iraqi’s economy)
5) “develop regulatory programs administratively and financially to eliminate the phenomenon of serious corruption in the economic institution”. (need reform laws)
IRAQI ECONOMY AND PROPOSALS OF TREATMENT
A morning plenty of propositions suggests many procedural processors at the suffering of the Iraqi economic landscape, which has become open to a lot of crises, including Maitalq economic deficit due to falling oil prices in global markets and the lack of state resources, and sagging economic structure and the prevalence of corruption, including the associated the weakness of the Iraqi economic system's ability to meet the development benefits and services and sustain health and social programs, including salaries of employees in various sectors of the state.
These propositions need a program, and to approved national depends realistic treatments of the crisis, starting with control over the budget deficit, and work on the adoption of groups of economic policies that would reduce public spending, and promote opportunities to find additional resources pride of national economies, and develop regulatory programs administratively and financially to eliminate the phenomenon of serious corruption in the economic institution.
The absence of a clear vision and strategic planning may Akunan of the most causes of the crisis industry, which have a set of data pertaining to disable any process to revitalize the economic system in the agricultural, commercial and banking sectors, as shares of the accumulation of major problems in these sectors disable any real deal to the crisis of the Iraqi economy and the adoption of proper work contexts that promote institutional building first, and reinforce citizens' confidence in the future of the economy and its ability to withstand the burden of social life and security problems
Secondly, as well as international agencies confidence to the banking business level to ensure a guaranteed financial relationships legally in banking markets, and in the presence of operational frameworks that accommodate all the changes that can occur here or there.
Addressing the problems of the Iraqi economy needs to have a economic environment is good, and to foster good practices for the recovery of this environment, and in attracting scientific and research and encourage efficiencies and invest their energies in the economic sectors, and in the control of the banking system and the system of hard currency conversion for the protection of national wealth, as well as in the search for what can enhance the resources of the state starting from reconsider in the import programs, and to promote national export a lot of goods that can be organized according contexts economic agreements with countries that are involved Iraq in investment and import areas, and the end of the organization of legal contexts to impose Alkmarki system and thus contributing to the provision of economic resources, and to secure the Iraqi product that should be encouraged Protection its markets and securing real opportunities for the
marketing of Daath.
Now read the article below and connect the dots. Can you do this?
Can you see how there is political resistance to Abadi’s changes within the reforms. In Iraq they are so used to operating the government with a high level of corruption that they simply so not want to let it go. The oil revenues too have flowed freely and, since no benefits rarely went to the average citizen (except spoiled food in food ration programs, constant overdue salaries and pension payments, etc) there were always plenty of spoils to go around. Now this is all going to stop and Abadi is attempting to make the GOI a responsible government.
Hell ! they haven’t even reconstructed many of the bombed out buildings from 2003 or have 24/7 electricity. So where in hell did all the money go over these past 12 years?
Having said all this – Do you understand the major shakeup going on now in Iraq. What will it lead to? Can Abadi survive?
How am I so certain Abadi’s reform program will be successful and I quote from the article below – “that "all of this will be under the US support, because America does not want in any way the return of al-Maliki wing, which has good relations with Iran in particular."
SHAMMARI: ABADI TAKE DIFFICULT DECISIONS AWAY FROM POLITICAL BLOCS TO WIN THE DEMONSTRATORS AND REFERENCE
Shammari: Abadi take difficult decisions away from political blocs to win t
demonstrators and reference Political
Since 08/10/2015 14:41 pm (Baghdad time)
Special - scales news
The head of the political thinking of the Iraqi Center Ihsan al-Shammari, Thursday, that the Prime Minister Haider al-Abadi will be directed away from the political blocs to make decisions "difficult," noting that al-Abadi is trying to gain the trust of the demonstrators supreme religious authority.
Al-Shammari said L / scales News /, "The Prime Minister Haider al-Abadi Pat senses he remained alone did not have the political cover that or those political incubator in which they can support the path of reform or even the nature of his internal and external trends."
He added that "a meeting Abadi with Obame solo following the meetings of the General Assembly of the United Nations and talk too much before US President think it indicate beyond any doubt that al-Abadi will move away from political blocs because he has become convinced that these blocs will look for a replacement for that will be made possible that decisions Kacalh be difficult and corrupt political leaders and push away from the laws of the political blocs to win the demonstrators and reference. "
He pointed out that "all of this will be under the US support, because America does not want in any way the return of al-Maliki wing, which has good relations with Iran in particular."
It is worth noting that the Office spokesman Prime Minister Saad al-Hadithi detection, earlier, about having great difficulties in implementing the reforms launched by the Prime Minister Haider al-Abadi, as he emphasized that al-Abadi continuously in the reform package. It ended 29 quarters e
GOVERNMENT UNABLE TO PAY THE SALARIES OF STATE EMPLOYEES
The governor of the Iraqi Central Bank on the Keywords that Iraq is facing great financial difficulties after the sharp decline of oil prices the world.
Keywords and he said in a press interview that despite the decline in oil prices, but the digital existing indicators for this moment the government does not come to its inability to pay the salaries of state employees.
He noted that the financial crisis which passes Iraq must be a great lesson for a review of fiscal policy in the first place, and the nature of government spending, tax policy, pointing out that marred much of the imbalance in the structure and organization, calling for real reforms in the financial and tax system structure, and structure the economy in general.
He pointed out that spending in past years did not hurt to expand the productive base of the country, and the development of economic activities in order to achieve Iraq's resources on the one hand and also run unemployment is widely widening the productive base.
He added that the government spending in the previous period of his wisdom and political factors rather than economic factors, indicating that discussions about adding allocations and expenditures are always going on in the framework of political gain.
He said natural in all countries of the world that when financial crises State resort to other sources to cover a temporary shortfall in their budgets until survive the crisis, pointing out that Iraq has a chance in that low-resource today may rise in the coming period
[Update on Physical Stability: Fighting ISIS]
This article below came out on Wednesday 10/7 and was sweet words to my ears…PHYSICAL SECURITY!
I quote from the article - :” announced the reconstruction of areas affected by terrorism fund, Wednesday, that the World Bank loan amounting to $ 350 million will be launched during the month”. So what does this mean? This means they intend to be concluded with ISIS and begin reconstruction of the areas beginning in October. Yes that is this month of October in 2015.
KARBOULI CONFIRMS THAT THE END OF THE DAY WE WILL ANNOUNCE THE LIBERATION OF ANBAR
MP Mohammad al-Karbouli, the Anbar Wednesday, the end of the day we will announce the liberation of Anbar from dance bands criminal, daash all politicians to reunite and forget the past and to build the province and unite.
Karbouli said to 'Sky Press', ' the thought aldaasha exists in the hearts and mind of the killers and criminals and there is a political conflict, if there are tribes and engaged are few, they should check themselves and here I invite everyone has the possibility to reunite and forget the past to go to build the province and unite.'
He stressed the importance of 'Activating reconciliation between everyone without exception and go to rebuild Iraq, especially Anbar that is the security gate of several States', pointing out that the 'organization Daash ideology has not adopted any point, whether internal or external, and it will be eliminated.'
Karbouli confirmed that the 'sons of the popular fighters from the crowd and people of other provinces and the sons of the tribes and the Iraqi army are determined to defeat the Daash and finally expelled from Iraq and the end of the day will be announced Anbar military operations and edit operations center of the province.'
--------- Related Item The World Bank will lend Iraq $ 350 million for the reconstruction of areas affected by terrorism.
BAGHDAD / Sky Press announced the reconstruction of areas affected by terrorism fund, Wednesday, that the World Bank loan amounting to $ 350 million will be launched during the month. Said Fund Chairman Abdul Basit Turki on the sidelines of a meeting with the Middle East, the World Bank director Fred Hajj the building fund
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,