U.S. warns of collapse of the Iraqi economy

Warned the U.S. Embassy in Iraq was the Iraqi economy at risk because of its reliance on oil revenues alone, announcing at the same time that Iraq’s economy has achieved a growth of 9.6% in 2011, according to the report issued by the draft regional economic development trade Tijara ) of the United States Agency for Development International.

A statement from the U.S. embassy in Baghdad yesterday that “Iraq’s dependence on oil revenues entirely may display the development process of a diversified economy for the private sector at risk,” noting that “the report of trade Tijara economic development regional Among its recommendations emphasizes the development of agriculture and industry in Iraq as both the two through which provide work for future generations in Iraq. “

The statement said that “trading program Tijara economic development regional aims to provide financial services and development in the field of business for beneficiaries Iraqis in all Iraqi provinces eighteen for the development of the Iraqi economy and create jobs, program also supports the expansion of commercial lending through MFIs small banks. “