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Iraq
No money, no play: US on the brink in Iraq
2003-10-09
Interesting article regardless of which side of the argument you are from. Too long to summarize, recommend you read it all.
This coming October 23 to 24, the United States will be sitting down with rich creditor countries, the International Monetary Fund (IMF) and the World Bank (WB) during an international donors’ conference on Iraq in Madrid. The IMF, the World Bank and the UN have estimated that Iraq will need US$36 billion for reconstruction within the next four years, in addition to $19 billion for other nonmilitary needs calculated by the American occupation regime. With few options left, the US will be passing the hat. This meeting could be a turning point in the occupation because whether the hat goes back to the US full or not will determine whether the US can afford to stay. The decision of donor countries to cough up cash will depend, in turn, on whether this continues to be a unilateral or multilateral economic takeover of an occupied country.
Posted by:rg117

#4  Yeap,seems most everybody has forgoyyen that money,FJH.
Posted by: Raptor   2003-10-9 7:18:38 PM  

#3  Perhaps, we could ask the UN about the 30-35
Billions, of Iraqi money, sitting in French bank accounts from the food for oil program?
Posted by: FJH   2003-10-9 2:51:57 PM  

#2  Newday has a good article on the privatization plan. Here is the first para:

The U.S.-led administration in Iraq will present a plan to privatize the country's state-owned industries by the spring, the official in charge of the effort said Wednesday.

Iraqis will make the final decisions on how to manage the sales, said Thomas Foley, director of private sector development for the American-led Coalition Provisional Authority. He said he would give suggestions for detailed privatization plans to the U.S.-appointed Iraqi Governing Council, which then would name a commission to oversee the process
Posted by: Superhose   2003-10-9 2:17:20 PM  

#1  We can't afford NOT to stay, regardless of the WB and IMF. Hell, we can always start undercutting the Soddies on OOOOOOOIIIIILLLL!

All sound and fury...
Posted by: mojo   2003-10-9 1:23:27 PM  

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