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Will Iraq overtake rating agencies' expectations after S & P affirmed its credit rating for Iraq with a stable outlook?

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Will Iraq overtake rating agencies' expectations after S & P affirmed its credit rating for Iraq with a stable outlook?

A - Knowledge of Khalifa

A - Knowledge of Khalifa


A banking lecturer, researcher and economic writer

The confirmation of the world's largest credit rating agency, Standard & Poor's, on the stable outlook and confirmation of Iraq's credit rating at B- / B and the other credit agencies such as Moody's and Fitch on the stable side and the dual and stable financial and economic risks of Iraq,

Indeed, there are expectations that the financial, political and economic measures are moving in the right direction.

The framework of the IMF program, which includes all solutions to most of the risks in terms of the performance of the banking and financial sector in the country, Muna along with part of the public finances is the side that will affect the lifting of the classification of Iraq by the Agency itself or other agencies during the next 24 months and at a glance everyone knows the development of political stability and security in the Republic of Iraq, which is governed by the formation of the next government.

The completion of the formation of the government and the introduction of the government's program is a possible challenge as a result of this challenge will see whether the government debt of Iraq will rise or fall over the next four years and how to address the deficit in the government budget and whether the current account will worsen or that the net government debt or interest expenses of public debt will rise Or not in our view and in the general picture and with the ability of the Iraqi Central Bank to maintain the Iraqi dinar against the dollar during the past years and beside all the global economic challenges, including low oil prices and its ability to shy to attract foreign capital and regulate Homeland House financial and banking in Iraq through the opening and integration of more banks, Iraq will be able to stabilize its credit rating and even raised during the 24 months coming through monetary and fiscal policies pursued by both the Ministry of Finance and the Central Bank of Iraq.


Date Added 27/08/2018

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