Mismanagement Is Killing Iraq
Luay al-Khatteeb
Economics, Iraq
Forget corruption. Waste, inefficiency and economic distortion have brought Baghdad to the brink.
Ever since Stuart Bowen led the first attempt to account for Iraqi reconstruction funds in mid-2004, it has been clear that Iraq hemorrhages money through corruption.
Since then, things have got worse as last year the late Ahmed Chalabi found twenty-nine companies who were stealing over $4 billion with fake contracts. Stories of phantom projects and ghost employees abound... Читать дальше...