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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Experts: Two reasons stand behind Iraq's failure to benefit from imports of $7 billion per month

    Rocky
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    • Post n°1

    Experts: Two reasons stand behind Iraq's failure to benefit from imports of $7 billion per month Empty Experts: Two reasons stand behind Iraq's failure to benefit from imports of $7 billion per month

    Post by Rocky Tue 07 Mar 2023, 6:08 am

    [size=30]Experts: Two reasons stand behind Iraq's failure to benefit from imports of $7 billion per month
    [ltr]2023.03.07 - 10:53[/ltr]
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    Baghdad - Nas  
    The day after his return from his visit to Egypt, Mohamed Shiaa Al-Sudani received a delegation from the World Bank. "With the aim of supporting his government in terms of reform." According to official statements, the delegation's visit aims to "discuss various aspects of cooperation between Iraq and the World Bank, and to emphasize cooperation in the field of banking reform" and a number of issues.  
      
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    During his recent visit to Egypt, Al-Sudani discussed with Egyptian President Abdel Fattah Al-Sisi ways of joint cooperation in all areas and fields, in addition to consecrating the agreements previously concluded between Iraq, Egypt and Jordan, which means that Al-Sudani wants to deepen Iraq's external relations as the only way out. From the impasse of internal problems and disputes, according to the London-based Asharq Al-Awsat report.  
      
    Iraq has not been able to achieve development and investment over the past twenty years, just as Iraq, the large oil country, has not been able to benefit from its oil imports, which amount to about $7 billion per month.  
      
    According to official data, about 70 percent of these revenues go to the salaries of the approximately 6 million employees, in addition to operational rather than investment issues, but economists believe that the remaining 30 percent of these revenues can achieve a major renaissance at the level of investment by operating the sector. without the need for foreign capital.  
      
    Experts add to the London newspaper that, first, the problem lies in the financial and administrative corruption that has pervaded the body of the state, making it paralyzed to a large extent, and secondly, the lack of clarity in the identity of the state and whether it relies on the public sector or the market economy.  
      
    The newspaper added, although Al-Sudani wants his external steps to be reflected internally, especially in terms of investment, development and energy sectors of all kinds, in addition to bringing about a shift in the agricultural and industrial sectors, the problem he faces is the difference in priorities between him and the political class, including the two alliances that support him. They are the Shiite "coordinating framework" as the major parliamentary bloc that nominated him for this position, and the "state administration" coalition, which includes, in addition to the Shiites, elements of the Kurds and Sunnis.  
      
    Al-Sudani, who made early elections a goal for his government, did not specify a specific time for them, in addition to the problems related to the law that the large traditional forces in parliament, including the Al-Sudani coalition itself, are making substantial amendments to in contradiction to the desire of the Sadrists and some civil forces, trying to bring in external support. For Iraq and working at home by launching service projects, creating a mass base of support for his government's steps.  
      
    Although the "coordinating framework" and "state administration" forces declared support for the government's actions, obstacles began to appear from the gate of the provincial elections law, which is intended to be merged with the parliamentary elections law.  
      
    Although indications of escalation began through demonstrations, which are still limited, and warnings of the so-called street anger, and attempts to win over the leader of the Sadrist movement, Muqtada al-Sadr, who is still silent, al-Sudani is trying to move forward with what he set in his government program in light of the large difference between the two official dollar exchange rates. and parallel.  
      
    Regarding the divisions that have emerged regarding the election law, the newspaper's report, which was followed by "NAS", believes that the difference in priorities, which is based on the desire of each political party to retain its electoral weight by any means, makes all of these parties ready to sacrifice everything that can be obtained from abroad, noting that there are Unanimous support for Iraq at all levels.  
      
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