Skip to comments.Iraq: Economy Recovering, Iraqi Property Market Booming
Posted on 06/11/2014 11:02:15 AM PDT by Obama_Is_Sabotaging_America
Baghdad, 17 Sep. The economy of Iraq is slowly starting to recover after years of war and instability.
The International Monetary Fund (IMF) has loaned Iraq $746.3 million to aid in the rebuilding of the war-torn nation. It has approved its first review of the countrys economic progress, as stipulated by the loan. The IMF said that Iraqs economic success largely depends on its ability to maintain security, its reform policies, and how it looks after its oil revenue.
One example of economic progress in the country is I-BIZ (Iraqi Business and Industrial Zone), initiated by the US Army Corps of Engineers and Multi-National Corps-Iraq (MNC-I). This is a program designed to ensure sustained security, develop various skills, and provide opportunities to Iraqi firms to receive US contracts.
Students at I-BIZ learn plumbing, carpentry, and electrical work which the country needs more of if it is going to rebuild. Other businesses at I-BIZ include metal shops, mechanics, retailers, asphalt and cement, and construction. One facility includes a concrete production plant, a rock-crushing plant to produce gravel, a skills training area, a contracting office, and a shipping and receiving yard. In addition to developing Iraqi skills and productivity, the facility is given work by the US government. This is a cheaper alternative for the US government.
(Excerpt) Read more at economywatch.com ...
Yeah, love the see the property appreciation rates in Mosul today.
That's gunfire and RPGs......................
Blah, blah blah blah... Nice work, Obama!
Who writes this drivel?
U.S. Economy Booming !!
OOOOPS. I had a dream and thought Ronald Reagan was still President :)
Well played. It will take a miracle for Iraq to survive now. Barring that, the best we can hope for is Iran to step in.
Beheadings extravaganza in Iraq right now.