4-21-2012 SWFloridaGuy: In the latest World Economic Outlook report, the IMF is predicting a promising economic future and accelerated growth. The total number of reported investments, service contracts, and other commercial activities by foreign firms more than doubled in 2011, and they are forecasting stronger numbers in the years to come. 45 countries are active in Iraq, including many non-regional players like the US, China, Germany, Italy, UK and the Netherlands.
The IMF's report claims that Iraq is a rapidly emerging market with ENORMOUS potential. The total number of investments in Iraq rose 80.4% last year alone. So, clearly we are not alone in seeing Iraq's potential for growth and recognizing this is a once in a life time opportunity.
Also documented in this report is the need for Iraq to implement the Erbil and long time HCL strategy in the next 6 months. Other sources announced that after the preparatory meeting this week Talabani will announce a date for the new national meeting where the goal is to finalize the Erbil/HCL.
The signs are all there: Iraq is one of the wealthiest nations in the world, currently operating under an artificial rate, fast on the rise, taking steps in preparation to introduce a new currency (LD's) that have already been printed and paid for, a government in place that will ensure the stability and security, a banking sector with modern technology, the support and instruction of the IMF/World Bank and the rest of the world which will ensure the success of the project. We expect that very soon Iraq will be boasting a higher exchange rate and WE ARE NOT ALONE!