4-14-14 Enorrste: Article: "The Future of Iraq from an Iraqi Lawyer's point of view."
Our investment is being held hostage to corruption at the very highest levels of the Iraqi government, and it is not clear that a change in leadership (which is not entirely likely) will brings us that much closer.
When corruption exists at this level in Iraq it is nearly impossible for serious progress to be made. We have seen that the IMF and World Bank aren’t even that effective in getting Iraq into position for entry into the world economy.
Unless and until the high-level corruption is rooted out of the system, it is not clear that significant progress will be made for our investment. I don’t hold out a lot of hope for any lasting change in this situation, regardless of who is Prime Minister.
Having said that, I am not intending to put everyone on a “total downer.” While we see all of the benefits for ourselves and for Iraq in the initiation of a free float, those who are benefiting from corruption that is rampant and pervasive in Iraq fail to see those benefits.
This means that they have little or no incentive to move toward significant change (namely the float).
I...am still hopeful...there is a great deal of pressure being exerted from outside Iraq to get this process moving forward. We have seen many steps in the right direction as well.
The way I see it, though, is that the trigger could have been pulled for some time now...and yet it hasn't happened or even been discussed in terms of timing...
So it comes back to Maliki and his corrupt cohorts who must be holding this up. I'm just saying...Only time will tell whether international pressure will be sufficient to get us to our goal. Comment
4-14-14 Arthur: I WOULD HAVE TO SAY THAT ALL THIS SUDDEN BUYING OF ALL THIS ADDITIONAL GOLD WHICH THEY THEMSELVES ARE SAYING IS FOR RAISING THE VALUE DINAR AND ENHANCING THEIR ECONOMY ALONG WITH ALL THESE MEETINGS WITH THE IMF, WB AND WTO PORTENDS REALLY GOOD POSITIVE MOVEMENT IN OUR FAVOR.
WE ARE VERY CLOSE TO THE ELECTIONS. WE SHOULD VERY CLOSELY WATCH ALL THESE DAYS LEADING UP TO APRIL 30TH AS THESE CANDIDATES START DOING THINGS TO TRY TO IMPRESS THEIR PERSPECTIVE CONSTITUENCIES. THINGS ARE DEFINITELY HEATING UP AND GETTING EXCITING IMHO.