Friday, November 14, 2008

Funds starting to flow into Iraq

Reconstruction in Iraq faces many challenges. But as the BBC World Service's Business Daily programme found, the hurdles are not just about violence, but also about bureaucracy and delay.
Investment has been increasing as the security situation improves
Iraq desperately needs more foreign investment - and the downward slide of oil prices increases the pressure on a country whose government gets 90% of its budget from oil revenues.


Iraq desperately needs more foreign investment - and the downward slide of oil prices increases the pressure on a country whose government gets 90% of its budget from oil revenues.
But there are huge hurdles - the security situation, legal problems, political hold-ups and frustrating delays in getting government permission to start big new projects.
Click here to read the full article on the BBC News web site

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