Most capitalist countries are trying to push Iraq to finance the sustainable development activities of the country through external borrowing. This may be valid for countries that lack natural resources, such as Egypt, but for Iraq, it has huge oil resources reserves and does not need any borrowing, at least for the time being.
Iraq's population of 40 million is not large and most of it is youth under the age of 25. Iraq has managed to collect more than $60 billion dollars in hard currency, currently frozen in its sovereign fund. Many of Iraq's residents are relatively poor, but to put a clear picture of the general spending that Iraq practices, all of Iraq's forty million residents can eat lavishly for less than $3 billion annually at current prices. A huge percentage of the annual government income, most of which is generated from oil resources, is spent on financing non-productive government activities, inflated labor in the government sector in unsuitable locations, and support for pension funds and compensation for the families of martyrs, in addition to all activities of general government support in all fields. What remains of these resources, given the current sharp rise in prices all over the world, will not be enough to fund any future sustainable development.
There is no problem without a solution. We have to think about it for a while to develop effective treatments. Let us take the issue of the lack of suitable water for domestic, drinking and irrigation purposes. There are temporary logistical solutions that are valid for the next two years. Negotiate with upstream countries on the basis of oil for water. We desperately need water, not apples. Secure your water needs for the next two years so that you can think of other sustainable solutions afterward.
