Results for Category: Iraq
Unemployment remains a problem throughout the country despite a bloated public sector. Overregulation has made it difficult for Iraqi citizens and foreign investors to start new businesses. Corruption and lack of economic reforms – such as restructuring banks and developing the private sector – have inhibited the growth of the private sector.
Babylon’s dire need of restoration, respect and consideration for its long History and its cultural importance could eventually be answered through this nomination, and budget be unlocked to secure a longer life for the site. In the medium term, the ancient city of Babylon could become a prominent Iraqi touristic attraction.
In essence, the slow formation of the government could have been its demise. While it may be on safe ground for now, critical tests are yet to come and sectarian and political differences have not disappeared. This could eventually lead to a loss of public trust if citizens’ concerns are not taken into account.