farquar
04-30-2005, 06:35 AM
Mudhir Salih Kasim, chief economist at the Central Bank of Iraq, said international reconstruction funds were unlikely to mean improved services soon. Excluding the United States, countries have pledged about $15 billion to rebuild Iraq.
"Don't expect much from this government in terms of overall development because it is also temporary until another election at the end of the year," Kasim said.
The violence has discouraged Iraqi investors and delayed rebuilding contracts awarded to foreign companies, which have set up back-up operations in countries such as Jordan.
It remains to be seen whether the cabinet can shed the legacy of infighting that delayed its formation and proceed with rebuilding the economy.
"We woke to nine car bombs today," said a government supplier who is preparing to close his headquarters in Baghdad. "I don't see a chance for progress for at least another year." http://www.reuters.co.in/locales/c_newsArticle.jsp?type=businessNews&localeKey=en_IN&storyID=8348859
"Don't expect much from this government in terms of overall development because it is also temporary until another election at the end of the year," Kasim said.
The violence has discouraged Iraqi investors and delayed rebuilding contracts awarded to foreign companies, which have set up back-up operations in countries such as Jordan.
It remains to be seen whether the cabinet can shed the legacy of infighting that delayed its formation and proceed with rebuilding the economy.
"We woke to nine car bombs today," said a government supplier who is preparing to close his headquarters in Baghdad. "I don't see a chance for progress for at least another year." http://www.reuters.co.in/locales/c_newsArticle.jsp?type=businessNews&localeKey=en_IN&storyID=8348859