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Economist: This is the fate of the (36) billion dollars lost from Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Economist: This is the fate of the (36) billion dollars lost from Iraq

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Economist: This is the fate of the (36) billion dollars lost from Iraq Empty Economist: This is the fate of the (36) billion dollars lost from Iraq

Post by RamblerNash on Sun Aug 18, 2019 11:15 pm

Economist: This is the fate of the (36) billion dollars lost from Iraq

Economist: This is the fate of the (36) billion dollars lost from Iraq Fbde21a91940fe5c854b5c236c7a4e72_L

Mustafa Al Anbari   18/08/2019 - 16:19

Economist Bassem Jameel Antoine confirmed on Sunday that the 36 billion dollars announced by the United Nations from Iraq during the past six years ended up in the banks of various neighboring countries after being stolen by some parties and can be pursued if the will to do so. "Corruption does not mean that money is not only stolen, but it is allocated to projects that are currently unsuccessful or unimportant, causing huge losses in the current and distant future, and this is what the parties that took power in previous years."

Antoine told (Pasnyoz), that «the (36) billion billion that the United Nations announced the loss of Iraq during the past six years ended up in the banks of various neighboring countries after being stolen by some parties and can be pursued if the will to do so», noting that « There are larger funds have been lost from Iraq and there are no final accounts, especially in the general budget for 2014, and international organizations have a follow-up to such matters because they issue annual reports on the economic situation of the countries, including financial stability as well as the proportion of the country's attractiveness of investments ».

"Corruption does not mean that money is not only stolen, but it is allocated to failed or unimportant projects at the moment, causing huge losses in the current and distant future. "The economic mistake needs two years to discover only and then it takes five years to fix that mistake. The issue is very complicated and yet the parties come out at the time of the elections to talk about magical solutions and after the elections do not implement anything at all."

The United Nations Development Organization, the United Nations, has announced that Iraq lost $ 36 billion in the past six years.

A report by the organization, that «Iraq lost about $ 36 billion during the period from 2013 until the end of 2018 as a result of political instability and security and the ongoing war with ISIS and the rest of the terrorist elements».

The report pointed out that «Iraq lost last year 4.885 billion dollars compared to the loss of 5.032 billion dollars in 2017».

He added that «Iraq also lost about 6.256 billion dollars in 2016 compared to the loss of 7.574 billion dollars in 2015», pointing out that «the year 2014 the largest loss of foreign direct investment, where Iraq lost about 10.176 billion dollars and lost 2.335 billion dollars in 2013».

The report continued, «The Iraqi economy has declined sharply over the past years due to security and political turmoil and wars in the region».

http://www.basnews.com/index.php/ar/economy/2017-01-26-12-23-03/540148
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