Fight Daesh economic trouble ..
translation: Abdul Khaliq Ali
It is interesting to worry that Iraq and the international coalition - as it seems - did not draw up concrete plans for the economic development of the province of Nineveh. Iraqi officials have not been able to answer questions about what they intend to do in Mosul after liberation, where it seems that the Iraqis are hoping to provide the United Nations Development International Alliance program a lot of technical and technical work for the resettlement of displaced persons and the restoration of basic services and repair the damage. It also seems that the Iraqis consider the liberation of Ramadi and Fallujah , a plan can be reproduced to work in Mosul, but most non - governmental sources see that two Thariralrmada and Fallujah did not accomplish a lot of things are required, also it reported that Mosul is a much greater challenge to Ramadi and Fallujah.
The inevitable problems that are likely to result from a lack of planning and preparedness in Mosul may have a limited impact on Iraqi politics for some time at least put. On the other hand , Iraq remains a fragile state still suffering from nearly ten years of intermittent civil war. Lack of good plans, available resources have to rebuild Mosul economically , where the Iraqi economy seems to slow its speed. Life in Baghdad has improved significantly since March 2016. Vibrant city. There are fewer checkpoints, and shops are actively working, goods flowing into the capital. There are a lot of people and cars in the streets, while the bad traffic but is not paralyzed, the more so that the Iraqis deal with this as an inevitable inconvenience and rarely get angry from him. All this reflects a sense among Iraqis that things are good economically, there is no one complaining about the lack of anything even electricity. The oil sector is moving well, where production reached last month to 4.6 million barrels per day , although exports maintain the country 's share in OPEC at a rate of 4 million barrels.
In the same way, the financial sector is stable now, but it remains tired and could get worse in the future. Currently pumping money from the World Bank and the IMF and the Alliance and the entire US loan guarantees eased the pressure on Iraq 's budget. Employees receive their salaries, even if they are lower than before 2014. The government is able to pay much of the cost of their contracts. But financial loans will support Iraq for a few years only, and Iraq can not continue to borrow this ratio. The IMF and the World Bank will not allow it as they watched Iraq 's debt , with interest to ensure that the introduction of the same Iraq crisis through excessive borrowing. In addition, and as a result of corrupt policies in the currency exchange, Iraq is suffering from a liquidity crisis. There is not enough money in circulation and that the Central Bank of Iraq is part of the problem. As a result, many Iraqis do not have money to buy anything other than basic needs, and therefore there is not an internal investment because trading more profitable for banks to lend money to business currency. Moreover, and because of the rampant corruption in government departments, the successful entrepreneurs are subjected to extortion by employees unless there is a strong political figure that protects them - despite the fact that these personal Tbtzhm but also to a lesser extent. One symptom of this problem is to complain about the high prices and lack of services and corruption. Hard to know which is more frustrating; lack of goods and services, or availability , but high prices do not endure the citizen.
In short, the economic situation of Iraq is intolerable, but it would be difficult to maintain it after a 2 - 3 next years. Iraq will have to take more substantial steps to address the structural problems in the economy and may not find himself again in a financial mess (unless it gets a big rise in oil prices). Some think from within the Iraqi government by means smart and creative how to take these steps, and has made Prime Minister Haider al - Abadi This is a priority, and the planning team to reform the economy in his office is considering further cutting subsidies, and policies that support development, and measures to combat corruption , including offering a wide "electronic government" practices that will improve efficiency. The Ministry of Planning paid to the plan for the construction of several roads , including the head of a new road to the highway from Baghdad to Amman, which includes ways transom to link many cities in Anbar province, and the financing of business development to transform the whole into a large economic path network. A group of technocrats is also trying to make major reforms and modernization of the banking system, and the abolition of corrupt practices in the currency exchange and the establishment of an electronic banking system, and the payment of cash in the economy to revive consumption and investment. Yet all of these plans are still in their infancy, but they all will live up the weak Iraqi bureaucracy. Due to the record Baghdad over the past four years , ten years, no one is betting that none of them will bear fruit without significant assistance from the international community.
About: Brookings Institution
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translation: Abdul Khaliq Ali
It is interesting to worry that Iraq and the international coalition - as it seems - did not draw up concrete plans for the economic development of the province of Nineveh. Iraqi officials have not been able to answer questions about what they intend to do in Mosul after liberation, where it seems that the Iraqis are hoping to provide the United Nations Development International Alliance program a lot of technical and technical work for the resettlement of displaced persons and the restoration of basic services and repair the damage. It also seems that the Iraqis consider the liberation of Ramadi and Fallujah , a plan can be reproduced to work in Mosul, but most non - governmental sources see that two Thariralrmada and Fallujah did not accomplish a lot of things are required, also it reported that Mosul is a much greater challenge to Ramadi and Fallujah.
The inevitable problems that are likely to result from a lack of planning and preparedness in Mosul may have a limited impact on Iraqi politics for some time at least put. On the other hand , Iraq remains a fragile state still suffering from nearly ten years of intermittent civil war. Lack of good plans, available resources have to rebuild Mosul economically , where the Iraqi economy seems to slow its speed. Life in Baghdad has improved significantly since March 2016. Vibrant city. There are fewer checkpoints, and shops are actively working, goods flowing into the capital. There are a lot of people and cars in the streets, while the bad traffic but is not paralyzed, the more so that the Iraqis deal with this as an inevitable inconvenience and rarely get angry from him. All this reflects a sense among Iraqis that things are good economically, there is no one complaining about the lack of anything even electricity. The oil sector is moving well, where production reached last month to 4.6 million barrels per day , although exports maintain the country 's share in OPEC at a rate of 4 million barrels.
In the same way, the financial sector is stable now, but it remains tired and could get worse in the future. Currently pumping money from the World Bank and the IMF and the Alliance and the entire US loan guarantees eased the pressure on Iraq 's budget. Employees receive their salaries, even if they are lower than before 2014. The government is able to pay much of the cost of their contracts. But financial loans will support Iraq for a few years only, and Iraq can not continue to borrow this ratio. The IMF and the World Bank will not allow it as they watched Iraq 's debt , with interest to ensure that the introduction of the same Iraq crisis through excessive borrowing. In addition, and as a result of corrupt policies in the currency exchange, Iraq is suffering from a liquidity crisis. There is not enough money in circulation and that the Central Bank of Iraq is part of the problem. As a result, many Iraqis do not have money to buy anything other than basic needs, and therefore there is not an internal investment because trading more profitable for banks to lend money to business currency. Moreover, and because of the rampant corruption in government departments, the successful entrepreneurs are subjected to extortion by employees unless there is a strong political figure that protects them - despite the fact that these personal Tbtzhm but also to a lesser extent. One symptom of this problem is to complain about the high prices and lack of services and corruption. Hard to know which is more frustrating; lack of goods and services, or availability , but high prices do not endure the citizen.
In short, the economic situation of Iraq is intolerable, but it would be difficult to maintain it after a 2 - 3 next years. Iraq will have to take more substantial steps to address the structural problems in the economy and may not find himself again in a financial mess (unless it gets a big rise in oil prices). Some think from within the Iraqi government by means smart and creative how to take these steps, and has made Prime Minister Haider al - Abadi This is a priority, and the planning team to reform the economy in his office is considering further cutting subsidies, and policies that support development, and measures to combat corruption , including offering a wide "electronic government" practices that will improve efficiency. The Ministry of Planning paid to the plan for the construction of several roads , including the head of a new road to the highway from Baghdad to Amman, which includes ways transom to link many cities in Anbar province, and the financing of business development to transform the whole into a large economic path network. A group of technocrats is also trying to make major reforms and modernization of the banking system, and the abolition of corrupt practices in the currency exchange and the establishment of an electronic banking system, and the payment of cash in the economy to revive consumption and investment. Yet all of these plans are still in their infancy, but they all will live up the weak Iraqi bureaucracy. Due to the record Baghdad over the past four years , ten years, no one is betting that none of them will bear fruit without significant assistance from the international community.
About: Brookings Institution
[You must be registered and logged in to see this link.]
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