🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Iraqi cleric Sadr calls sit-in, urges action against corruption

Published 03/12/2016, 08:12 AM
© Reuters. Prominent Iraqi Shi'ite cleric Moqtada al-Sadr speaks during a protest against corruption at Tahrir Square in Baghdad

BAGHDAD (Reuters) - Iraq's powerful Shi'ite cleric Moqtada al-Sadr called for a sit-at the gates of Baghdad's heavily fortified government district, stepping up pressure on Prime Minister Haider al-Abadi to deliver on promised anti-corruption reforms.

The protest, that Sadr said would start on Friday, threatened to escalate tensions over a long-awaited economic overhaul in the strife-torn oil producer.

Graft is eating away at Baghdad's resources even as it struggles with falling revenue due to rock-bottom oil prices and high spending due to the costs of the war against Islamic State militants."I address this historic call to every reform-loving Iraqi ... so that he rises up to begin a new phase," read the statement posted online on Saturday from Sadr, heir to a Shi'ite clerical dynasty persecuted under Saddam Hussein.

A year and a half into his four-year term, Abadi is trying to challenge a system of patronage which has become entrenched in Iraq over the last decade, paralyzing politics and allowing corruption to flourish.

But he is facing pressure from two sides as some of the country's powerful political factions resist any reduction of their influence, while Sadr is threatening to escalate protests to bring down his government should he not press ahead faster.

On Friday, Abadi signaled willingness to agree that the political parties have a say in appointing members of a cabinet he plans to form to fight corruption and optimize state spending to better cope with the sharp decline in oil revenue.

The Sadrist bloc in parliament, called al-Ahrar, accounts for only 34 of parliament’s 328 members and may not be able to vote down Abadi should the other political parties approve a new cabinet.

The political system adopted after the overthrow of Saddam Hussein in 2003 was initially meant to allow the nation's Sunni Arab, Kurdish and other minorities to have ministers and take part in the government alongside parties that represent the Shi'ite majority, to which Abadi belongs.

© Reuters. Prominent Iraqi Shi'ite cleric Moqtada al-Sadr speaks during a protest against corruption at Tahrir Square in Baghdad

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.