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Al-Awadi announces a decrease in external debt to about $9 billion during the current year
local Yesterday, 21:29
Baghdad - INA
The government spokesman, Bassem Al-Awadi, announced today, Monday, that the external debt has decreased to about 9 billion during the current year.
Al-Awadi said in a statement, received by the Iraqi News Agency (INA):
“As an emphasis from the government on transparency in economic work, and informing public opinion and national and international media about Iraqi economic performance, and in light of the Council of Ministers’ approval of the recommendations of the Diwani Order Committee 23942, related to regulating... External borrowing and the structuring of Iraqi public external debt.
The government took a series of executive measures and adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%,
bringing the debt down from $19.729 billion in late 2022 to $15.976 billion in 2020. 2023, reaching approximately $8.9 billion this year.” Al-Awadi added,
“These financial steps, which included
stopping a number of borrowing operations due to their delay and unproductivity,
organizing and managing debts and auditing them, and
restructuring some debts and
directing them to create strategic projects,
aim to prevent the Iraqi economy from mortgaging obligations that may affect the political decision in the future, or the course of... National development coincides with an urban renaissance and infrastructure reconstruction,
which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities.” Al-Awadi explained:
“In a parallel context, the government organized the process of financing cooperation with the international community in specific contexts, including
direct productive borrowing,
providing sovereign guarantees to ensure the production of projects undertaken by the private sector for the benefit of the government, and
sovereign guarantees provided by the government
for the benefit of institutions that finance the importing Iraqi private sector.”
For production lines in order to build factories inside Iraq. He stressed that
"these steps pave the way towards
further integration of our country into the international economic cycle, and that the
government adopts the principle of productive borrowing only,
which effectively leads to
an increase in the domestic product, and the
financing of national service and productive projects with economic returns, in a way that ensures their completion and not delay." Al-Awadi continued:
“With these firm steps, the government renews its determination to continue making a qualitative shift in the Iraqi economy, in parallel with tangible development in the services, infrastructure and social care sectors,
which are all the pillars required to meet the aspirations of our people throughout Iraq, and implement the government program with its priorities.” And its targets.
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local Yesterday, 21:29
Baghdad - INA
The government spokesman, Bassem Al-Awadi, announced today, Monday, that the external debt has decreased to about 9 billion during the current year.
Al-Awadi said in a statement, received by the Iraqi News Agency (INA):
“As an emphasis from the government on transparency in economic work, and informing public opinion and national and international media about Iraqi economic performance, and in light of the Council of Ministers’ approval of the recommendations of the Diwani Order Committee 23942, related to regulating... External borrowing and the structuring of Iraqi public external debt.
The government took a series of executive measures and adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%,
bringing the debt down from $19.729 billion in late 2022 to $15.976 billion in 2020. 2023, reaching approximately $8.9 billion this year.” Al-Awadi added,
“These financial steps, which included
stopping a number of borrowing operations due to their delay and unproductivity,
organizing and managing debts and auditing them, and
restructuring some debts and
directing them to create strategic projects,
aim to prevent the Iraqi economy from mortgaging obligations that may affect the political decision in the future, or the course of... National development coincides with an urban renaissance and infrastructure reconstruction,
which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities.” Al-Awadi explained:
“In a parallel context, the government organized the process of financing cooperation with the international community in specific contexts, including
direct productive borrowing,
providing sovereign guarantees to ensure the production of projects undertaken by the private sector for the benefit of the government, and
sovereign guarantees provided by the government
for the benefit of institutions that finance the importing Iraqi private sector.”
For production lines in order to build factories inside Iraq. He stressed that
"these steps pave the way towards
further integration of our country into the international economic cycle, and that the
government adopts the principle of productive borrowing only,
which effectively leads to
an increase in the domestic product, and the
financing of national service and productive projects with economic returns, in a way that ensures their completion and not delay." Al-Awadi continued:
“With these firm steps, the government renews its determination to continue making a qualitative shift in the Iraqi economy, in parallel with tangible development in the services, infrastructure and social care sectors,
which are all the pillars required to meet the aspirations of our people throughout Iraq, and implement the government program with its priorities.” And its targets.
[You must be registered and logged in to see this link.]
