Sunday, November 3, 2024

STATUS OF THE RV, PART. 2, MNT GOAT, 3 OCT

Let’s get on with today’s real and exciting news…

On the eve to kick-off the month of November, we find Iraq paying more attention now in the news media to rebuilding the economy and how they plan to do it. How will they pay for it? Yes, the banking reforms had to come first to support it. There are still more to come. But how does this effect the RV we are waiting for? In today’s Newsletter the CBI gives us many aspects as to how they plan to do it in the many articles today by them.  

Our first article of interest, to back up the effort towards rebuilding the economy, is stated clearly in a short article titled: “The private sector has begun a new phase”. Here we read that Dr. Murtadha Al-Khafaji, a member of the Iraqi Businessmen Union, stated that the Iraqi private sector has begun a new phase that is different from the previous one, and it has become possible to rely on its capabilities to implement projects.

Yes, the growth of the economy is dependent on rebuilding the infrastructure, these projects that have been delayed for so long. Why were they delayed? The funding was surely there for many of them. There is one word from the past that held back Iraq and the word is “corruption”. Now the 2025 budget is providing funds to complete many of these projects and expand the private sector. Al-Khafaji said: “The projects implemented by the Iraqi private sector indicate the potential of local effort, which has become comparable to global effort, as local capabilities have been developed during the last decade. He added that Iraqi human resources have gained a lot of experience, through interaction with global expertise,  which has worked in more than one economic aspect. He pointed out that national companies must occupy the appropriate place within the local labor market.”

So, we can see how one thing builds and allows something else to occur. Is that not how a nation is built?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

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