Economist: Iraq's foreign debt is cloudy... and it must be clarified

Sunday 14 November 2021 15:49
 
Baghdad / NINA / - The economic expert, Raad Twij, confirmed that the Iraqi foreign debts are marred by ambiguity and lack of clarity, calling for the development of a table that shows the value of foreign debts, the debtor countries and the amounts repaid, in a transparent manner, to clarify the process of repaying foreign debts and stopping borrowing.

He said Twigg told the National Iraqi News Agency / Nina /: to provide data on the external debt of Iraq as part of a scheduled becomes clear where the value of those debts city states and the amounts paid in a transparent manner, taken advantage of it in scientific analysis as well as the follow - up process of payment with the change of government. "

He added "At the present time, the oral method is used by decision-makers, some of whom say it is 50 billion dollars and the other says it is 20 billion, which gives the size of Iraq's foreign debts a kind of uncertainty and non-disclosure."

The economic expert wondered about the bonds offered by the Central Bank of Iraq and the Rasheed and Rafidain Banks, at a time when Iraq's financial savings are increasing and the lack of the need for those institutions to bear the burden of borrowing from within at a time when Iraq is suffering from the large internal public debt. / End 8

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