(The World Bank) to bankrupt Iraq and crush its economy
(The World Bank) to bankrupt Iraq and crush its economy
2023-02-24
Hazem Ahmed Fadala
On Wednesday: 22-February-2023, the delegation of the International Finance Corporation (IFC) for Asia visited Iraq for the (World Bank) group, headed by the investment officer Mr. (Julie Callos) and Mr. (Bilal Rabah), the resident representative of the Corporation in Iraq, and in the presence of the general manager of the fund The Iraqi for Foreign Development Mrs. (Brain Abdel Salam), after their meeting with the Minister of Finance, Taif Sami.
For that, we present what the (World Bank) wants from Iraq, along with an evaluation of the channel (writing and analysis) and its recommendations:
What does the (World Bank) want from Iraq:
1- Advancing sustainable development projects in Iraq, including supporting renewable energy projects.
2- Electrical connection with neighboring countries [Saudi Arabia, Jordan, Egypt].
3- Emphasizing the importance of studies and consultations, provided by the International Finance Corporation, in the field of capacity building and technical cooperation; To achieve the goals of sustainable development, especially with regard to environmental rehabilitation projects, and the reconstruction of liberated cities!
4- Enhancing the work process and coordinating with the International Finance Corporation; To stimulate private sector growth and job creation in Iraq.
5- Linking Iraq with more support (the World Bank Group); To implement the national strategic goals.
6- Enhancing cooperation and coordination between Iraq (and the World Bank)! provide the necessary assistance; To overcome the obstacles facing the work of the Foundation in Iraq.
· calendar:
1- The so-called (the World Bank) came to flood Iraq with debts, which it calls mitigation (financing), until Iraq reaches the stage of bankruptcy, just as they bankrupted Egypt and crushed its economy completely, as well as Jordan!
2- The so-called (World Bank), pushing Iraq towards the foreign borrowing policy; Under the pretext of financing investment projects, and the reform movement of the national economy!
3- The so-called (World Bank), trying to persuade the Iraqi Ministry of Finance to raise the ceiling of the federal budget deficit (2023); to (121) trillion dinars.
Recommendations (related to the 2023 Budget Law):
1- Reducing the deficit to the lowest possible point.
2- Cancellation of (external borrowing) materials.
3- It is possible to finance investment and infrastructure projects with oil (barter), with countries such as China.
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