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(Warning: this comment thread may soon become unsuitable for children...)
Nevertheless, Lorenzo Perez, the IMF director who oversaw the review, said that in the medium term he was "quite optimistic" about the country's prospects, although this will "depend on the level of oil prices".
"It is easy to overlook that the establishment and maintenance of relative macro-economic stability in the midst of violence is an achievement in itself," he added.
...
Fly into Arbil, the regional capital of Iraqi Kurdistan, and you feel that you have arrived in another country....Now it brings in investors. Businessmen, scared away from other parts of Iraq, are coming to Kurdistan instead, and helping its economy to take off.
..."Things are booming. The price of land is ridiculous. It's just going up and up and up," says businessman Bettin Saleh, who has two shops in a new mall. "People have money, people are spending it, they feel it's safe to spend - and build for the future."
...
Property prices in Najaf are being driven through the roof by the Shia visitors who have flocked to its holy sites since the invasion of Iraq by Coalition forces...At the same time, local real estate agents and entrepreneurs say they are doing a roaring trade.
It has been suggested that the US troops be pulled out of all the Arab-populated parts of Iraq and stay in bases in Kurdistan, where the people, in contrast to the Arabs, are said to strongly favor our presence.
Arnold Harris
Mount Horeb WI
People forget that US politics was once highly regional as well, and still is to some extent.
That seems encouraging.