Economic Advisers to the United Nations: States and Companies preparing for the reconstruction of Iraq


Baghdad (Reuters) - Iraq foreign minister and ambassadors are visiting to secure for

reconstruction, another economist said Monday, adding that rebuilding would be

"difficult and difficult."

The United Nations economic adviser in Iraq, Dr. Falah al-Lami, said in a press

statement that "after the victories achieved by Iraq against gangs, the international

community has welcomed the idea of Iraq's reconstruction and transition to a strategy

to build."

He pointed out that "the reconstruction will generate a lot of profits on investment

companies," adding, "Also notes the shuttle visits initiated by a number of ambassadors

and foreign ministers to Baghdad and meetings with Prime Minister Haider Abadi, all

came after the victories and also represents a qualitative leap towards construction

Investment and reconstruction in the next phase."

Al-Lami pointed out this "will be crowned by the expected meetings between the Iraqi

Prime Minister and the US President, and there is a lot in the government of the US on

this aspect."

Prime Minister Haider al-Abadi left Iraq yesterday for the United States to meet US

President Donald Trump at the invitation of the latter. During the meeting, he will

discuss the reconstruction campaign throughout Iraq after the end of the war against

the Al-Qaeda organization.

Al-Lami said that "Iraq has the largest reserves in the world of oil, and this makes it

easy to invest in it, because the process of obtaining funds in it very quickly," noting

that "the current agreements with Iraq benefit investors more than their usefulness to


"However, Iraq will benefit through this investment in the reconstruction of the

country because many infrastructure in the provinces of Iraq is dilapidated, and this

needs to develop a large plan for Iraq in general and not only to the provinces that have

been subjected to occupation," stressing that "among the steps of the Iraq government

is the trend toward investment because Iraq suffered from rampant corruption as well

as from wars."

But economist Karim al-Fatlawi sees the opposition, saying that "the process of

rebuilding Iraq is difficult and difficult for two main reasons."

The first reason is declined oil revenues during the previous period and the current,"

noting that the second reason "is important is the process of fighting corruption,

properly rpovide part of the money to rebuild Iraq."

He pointed out that "the devastation in Iraq in unimaginable, and we can imagine the

beginning of the Iran-Iraq war in 1980 followed by the period of economic siege until

2003, and then came the period of regime change, which increased after the period

imports of Iraq. The money is invested to come after the war against the organization of Dahesh, which began to drain the large resources, in addition to the devistation left by.

Al-Fatlawi added that "the issue of investment project has already been put forward in the time of the former Iraqi government, the so-called payment of time, a good opportunity for Iraq to put forward its investment projects, because it has resources far exceed the resource of other countries that are living in better economic situation than Iraq, and companies can carry out investment operations, but must create a suitable ground for it.