Economist: Iraq will end the debt file during the next two years
economic Last update 02/26/2022 | 9:21 am
Information / Baghdad..
The economist, Furat Al-Tamimi, expected, on Saturday, that Iraq would announce the payment of all its debts during the next two years, indicating that
the price of oil would reflect positively on the economic situation after the end of the Kuwaiti debt file and exit from Chapter VII.
Al-Tamimi said in a statement to "The Information" that "the situation will change a lot in the coming months, especially with the end of the self-deduction imposed on Baghdad from Iraq's oil money in return for the payment of Kuwait's debts."
He added, "The economic reflection on Iraq will be very significant, especially its exit from Chapter VII and the opening of important investment files by foreign companies."
He pointed out that Iraq's external debt amounts to more than 70 billion dollars, and it will eventually be able to develop an economic plan to pay all belongings and open new files.