The Iraqi economy is suffering due to a lack of properly trained managers, an Iraqi business leader said on Monday.
The head of the Iraqi businessmen federation in Basra, Sabih Habib al-Hashemi, told AKnews that the management situation means that Iraq’s resources are not being properly exploited.
“Most of the economic issues in the country are due to institutions and committees being managed by unspecialized people and this has negatively affected the Iraqi economy,” he said.
“Iraq took positive steps by opening the doors to the private sector, but unfortunately these steps were accompanied by a number of drawbacks, notably poor management and this allowed the entrance of many the unspecialized people.”
Despite this lack of local expertise, Iraq has taken steps to restict the numbers of foreign workers who can enter the country.