Banking on Baghdad: Financial Change in Postwar Iraq; Strategic Insights, v. 3, issue 5 (May, 2004)
Abstract : April 2004 represents an important milestone in Iraqi history--the one year mark after the overthrow of Saddam Hussein's Ba'athist regime. Assuming the insurrection and increased hostilities surrounding this date will abate, this represents a fitting time to assess the Iraqi government's likely strategy for restoring the country's economic health. That strategy was outlined in January 2004 by central bank governor Sinan Shabibi and finance minister Kamel Gailani. Their vision for Iraq is in accordance with the Bush Administration's neoliberal model and provides substance to some of the vague principles laid down by the Administration in the spring and summer of 2003. The strategy encompasses the creation of: (a) openness and transparency of Iraq's institutions; (b) strong incentives for private sector development; (c) close economic and financial integration with the international community, (d) international standards and best practices; and (e) a social safety net that addresses the needs of all Iraqis. While many factors within this framework will play a key role in the economy's recovery, emphasis on free markets and private sector investment suggest the creation of a viable efficient financial system will be the key to the country's economic recovery. In this regard, a recent United Nations' needs assessment notes that: With a dysfunctional financial system featuring a poorly organized regulatory framework and ineffective institutions, the task of rebuilding a sound and safe modern financial sector in Iraq is daunting. It should start with the banking sector, which is currently the essential component of the financial system and should cover the sector's legal and regulatory aspects as well as its main institutions. This would be a long term process that will require significant resources, technical as well as financial.
Iraq - United Nations / World Bank Joint Needs Assessment : Electricity
The recommendations in this report for emergency and longer-term programs and their associated funding requirements are aimed at returning the Iraqi Power System to a reliable and efficiently run system similar to what it was before 1991. These recommendations will not necessarily enhance the power systems reliability beyond these original levels. Further system analysis and investigations will be required in the medium term to ensure system stability criteria and reduce losses to acceptable levels.
Semiautomated quantification of the fibrous tissue response to complex three-dimensional filamentous scaffolds using digital image analysis.
Fibrosis represents a relevant response to the implantation of biomaterials, which occurs not only at the tissue-material interface (fibrotic encapsulation) but also within the void fraction of complex three-dimensional (3D) biomaterial constructions (fibrotic ingrowth). Usual evaluation of the biocompatibility mostly depicts fibrosis at the interface of the biomaterial using semiquantitative scores. Here, the relations between encapsulation and infiltrating fibrotic growth are poorly represented. Virtual pathology and digital image analysis provide new strategies to assess fibrosis in a more differentiated way. In this study, we adopted a method previously used to quantify fibrosis in visceral organs to the quantification of fibrosis to 3D biomaterials. In a proof-of-concept study, we transferred the "Collagen Proportionate Area" (CPA) analysis from hepatology to the field of biomaterials. As one task of an experimental animal study, we used CPA analysis to quantify the fibrotic ingrowth into a filamentous scaffold after subcutaneous implantation. We were able to demonstrate that the application of the CPA analysis is well suited as an additional fibrosis evaluation strategy for new biomaterial constructions. The CPA method can contribute to a better understanding of the fibrotic interactions between 3D scaffolds and the host tissue responses.