Iraq on the verge of economic disaster because of corruption

And warned the former planning minister Mehdi al-Hafez of the economic crisis that has ravaged Iraq in the next phase.

Al-Hafiz said in a press statement on Sunday: “The billions of dollars that disappeared in the corridors of the executive branch, is the reason the foundation of new economic crisis in the country, as well as lack of knowledge of the future of the economy, already faltering, and nothing to the recent upsurge in oil.”

He noted that Iraq would be subjected to economic crises of the effects of social and cultural trends combined with growing political despotism, describing it as “disastrous.” deterioration of the Iraqi economy, as well as the unemployment rate terrible more than (30%) is a ticking bomb. “Warned of growing corruption more, despite talk of a fight. Calling for the speedy adoption of the laws provide employment opportunities Young People, which is (63%) of the percentage of participants in the demonstrations, and trial of spoilers, and speed up investment.

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