Investment and service projects turned into a source of funding for parties: Security forces failed to protect investors
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Baghdad today - Baghdad
Political researcher Mujasha’ Al-Tamimi commented on Friday (June 28, 2024) on the transformation of investment and service projects into a source of funding for political parties.
Al-Tamimi said in an interview with Baghdad Today, "This issue may be agreed upon, which is that most of the investment companies in Iraq are companies affiliated with the ruling parties, and that the quota system has squandered Iraqi wealth through the rentier nature of the state, which the structure of the regime has led to its squandering during the past years."
He stated, "Therefore, the parties insist on entering the government in order to benefit from the state's resources, as well as in the events in Iraq after targeting restaurants that carry American brands."
He pointed out that "the conditions in Iraq are an unsafe environment for investment after the inability of the security forces to protect investors. Therefore, investment companies, unless they have a partisan force or armed groups to protect them, will be unable to do so."
He added, "Information indicates that the parties in Iraq have economic committees and they obtain investment opportunities through their ministers in the government, because most investment contracts are subject to the lobbies of the ruling parties that have come to control the disclosure of tenders and their sale through brokers approved and known by them in the government, and that holding these committees accountable will be (a figment of the imagination) because it is not possible to prove any evidence of them, in addition to the strength of their influence."
Regarding the profits of these companies, the researcher in political affairs stated that “there are no accurate figures, as Iraq is classified among the most corrupt countries in the world, according to the Corruption Perceptions Index issued by Transparency International, which confirms that the country is suffering from a worsening problem without the organization specifying precise figures for the size of corruption.” Corruption in the country, and in September 2021, former President Barham Salih revealed that Iraq’s money derived from oil since 2003 amounts to about a thousand billion dollars, and that estimates indicate that the money looted from Iraq abroad is estimated at about 150 billion dollars.”
Independent researchers and representatives confirmed in an interview with “Baghdad Today” that the so-called “operating contracts” obtained by political parties in government projects generate huge sums of money for these parties, considering that their money is capable of “rebuilding Iraq again.” "
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