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Iraq is out of debt risk
The first 12/18/2024
Baghdad: Shukran Al-Fatlawi
Thanks to the movements and efforts of the government of Prime Minister Muhammad Shia al-Sudani, the financial advisor to Prime Minister Mazhar Muhammad Salih announced that
Iraq has emerged from the risks of external debt, and that it
(Iraq) is considered a well-fortified country.
Saleh explained to “Al-Sabah” that
“Iraq, after getting rid of the large burden of its debts, transformed from a country indebted abroad to a country that can be a creditor to others,” pointing out that
“the country is called (the young creditor) because it possesses a degree of power in the economic aspect,
“This raised its credit rating, despite the region’s problems.” He added,
"Iraq has gotten rid of the burden of external debts that have shackled it economically for the first time," noting that
"the remaining debts to international bodies constitute less than (9) billion dollars that will be repaid between now and the year (2028)."
Al-Sudani placed reform of the country's financial system among the priorities of the government program, which resulted in important steps being achieved during the past two years.
Saleh explained that
“repayment of debts is through allocations in the federal general budget,” pointing out that
“the debt ratio in relation to the gross domestic product does not constitute a burden on the state, as
it amounts to (5) percent of the gross domestic product.”
Iraq is considered a well-fortified country in terms of external debts (more precisely, it is outside the risks of external debts), which gives the country high credit at the present time,” noting that
“internal debts are confined within the (government banking) system.”
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The first 12/18/2024
Baghdad: Shukran Al-Fatlawi
Thanks to the movements and efforts of the government of Prime Minister Muhammad Shia al-Sudani, the financial advisor to Prime Minister Mazhar Muhammad Salih announced that
Iraq has emerged from the risks of external debt, and that it
(Iraq) is considered a well-fortified country.
Saleh explained to “Al-Sabah” that
“Iraq, after getting rid of the large burden of its debts, transformed from a country indebted abroad to a country that can be a creditor to others,” pointing out that
“the country is called (the young creditor) because it possesses a degree of power in the economic aspect,
“This raised its credit rating, despite the region’s problems.” He added,
"Iraq has gotten rid of the burden of external debts that have shackled it economically for the first time," noting that
"the remaining debts to international bodies constitute less than (9) billion dollars that will be repaid between now and the year (2028)."
Al-Sudani placed reform of the country's financial system among the priorities of the government program, which resulted in important steps being achieved during the past two years.
Saleh explained that
“repayment of debts is through allocations in the federal general budget,” pointing out that
“the debt ratio in relation to the gross domestic product does not constitute a burden on the state, as
it amounts to (5) percent of the gross domestic product.”
Iraq is considered a well-fortified country in terms of external debts (more precisely, it is outside the risks of external debts), which gives the country high credit at the present time,” noting that
“internal debts are confined within the (government banking) system.”
[You must be registered and logged in to see this link.]
