Iraq seeks to bridge economic gap and obtaining ten billion dollars from investors
Newspaper: Iraq seeks to bridge the economic gap and obtaining ten billion dollars from investors Monday , April 4, 2016 08:55
According to the Financial Times newspaper in its edition on Monday that Iraq is seeking to bridge the economic gap, and as pointed out that the World Bank, which feared a collapse of the strongest Middle East economies, pledged $ 1.2 billion for Iraq, explained that this was much less than the nine or ten billion that the Iraqi government is seeking to obtain them from foreign investors.
Financial newspaper published a report written for Erika Solomon of Baghdad, entitled "Iraq seeks to bridge the economic gap," and it says on the banks of the Euphrates River on the outskirts of Baghdad, there are hundreds of displaced families who have fled Anbar province torn by wars.
He adds Solomon, it is near the tents displaced no part of the iron structure of the bridge is incomplete construction, is the case of this bridge suitable for Iraq's economic picture, where Iraq's economy is suffering from a lot of problems and led political differences in the country to disrupt construction of the bridge.
Quoted Solomon Adel Ashour, an Iraqi in the XXIX live in informal plastic tent near the river after he fled from his home town controlled by the organization "Daash," "no future I see it, all I see is a disaster, I know people in the cases of joining the Daash , it can be for a man to destroy his country even feed his family. "
Solomon says that with the continuation of the fighting against al "Daash", faces about 3.3 million Iraqis displaced many threats, Ststvhal humanitarian and security crisis in the event of running out of money in Baghdad. "
Explains Solomon, that economic problems in Iraq worsened because of the low price of oil, and oil accounts for 90 per cent of the country's revenues, and resulted in significant decline in oil prices to decline in the monthly cash flows in Iraq to about $ 2.5 billion, which is not even enough to pay salaries and pensions government pension which amounts to the monthly value of about four billion dollars.
He adds that the World Bank, which fears the collapse of one of the strongest economies in the Middle East, pledged $ 1.2 billion for Iraq, which is much less than the nine or ten billion dollars that the Iraqi government is seeking to obtain them from foreign investors.