U.S. urges investment in Iraq

[Barrett808]

Source: Associated Press

KUWAIT CITY - Security should not be an obstacle to investing in Iraq because many parts of the country are not engulfed in violence, a senior U.S. official said Monday.

David Satterfield, an adviser to Secretary of State Condoleezza Rice on Iraq, urged Iraq's neighbors to invest in the country and called on oil-rich Gulf states to fulfill their pledge to forgive billions of dollars in debt owed by the former regime of Saddam Hussein.

"All of Iraq is not Baghdad or Anbar, Salahuddin or Diyala," Satterfield told reporters at the end of a visit to this Washington ally. He said two-thirds of Iraqis and Iraq live outside those areas, in places where "violence is not at those levels and where indeed we believe investment ... could well be made."

...

Satterfield said there were many places in northern and southern Iraq where the security situation does permit profitable investment in small and large businesses, especially in agriculture.

"Iraq does have resources ... but Iraq also needs help from the private and public sectors of those around it, and I put them in that order because at the end of the day, it is the private sector investment which is going to help shape the future of Iraq," he said.

Read more: http://news.yahoo.com/s/ap/20070424/ap_on_re_mi_ea/iraq_investment

[silverlib]

1. We've already outsourced over 130,000

of our population - send them home and then we'll talk business.

[Thor_MN]

2. Many parts of Iraq are barren desert......

and therfore devoid of humans, ergo, no violence... Still don't want to invest...