Thursday, September 20, 2012

'Corrupt' oil-rich Iraq unable to provide much-needed infrastructure

Wednesday, 19 September 2012

Iraq couldn’t provide $36.5 billion in infrastructure services to its people despite $100 billion in oil revenues for 2012. (Reuters)
Iraq couldn't provide $36.5 billion in infrastructure services to its people despite $100 billion in oil revenues for 2012. (Reuters)
by Al Arabiya News with Reuters 
Iraq is not capable to provide $36.5 billion for needed infrastructure services to its people, despite more than $100 billion in oil revenues for 2012, a study by the International Center for Development Studies showed. 
"Corruption and bureaucracy are leaving Iraq with no infrastructure services," the London-based center said.
The study warned that the shortage in funds will also "cause deterioration in vital sectors such as health, agriculture, industry and tourism."
Iraq needs development in almost every sector, as rubble and incomplete buildings are still commonplace more than nine years after the 2003 U.S.-led invasion that toppled Saddam Hussein.


Jeremiah the hebrew prophet foresaw a time when the land of Babylon would be invaded, occupied and left in rubble -- "Raise your battle cry against her on every side! She has given herself up, her pillars have fallen, her walls have been torn down... How the hammer of the whole earth has been cut off and broken!" (Jer 50:15, 23). He continues: "Suddenly Babylon has fallen and been broken; wail over her! Bring balm for her pain; perhaps she may be healed," (Jer 51:8).

But Babylon will not be healed, rather she will be abandoned by the reconstructionists, according to the prophet: "'We applied healing to Babylon, but she was not healed; forsake her and let us each go to his own country, for her judgment has reached to heaven and towers to the very skies," (Jer 51:9).

Not only can the invader/occupier/reconstructionists not heal her, she can't even heal herself, despite having billions of dollars worth of liquid treasure.  According to the prophet, even that will one day be "plundered" (Jer 50:37).



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