Advisor to the Prime Minister for Financial Affairs: Iraq’s external debt is about 30 billion dollars, and the internal is about 42 billion dollars

by **claud39** on Sat Jan 18, 2020 9:56 am

Advisor to the Prime Minister for Financial Affairs: Iraq’s external debt is about 30 billion dollars, and the internal is about 42 billion dollars

27 Minutes ago

Baghdad:

The advisor of the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed today, Saturday, the volume of external and internal debt to Iraq.

He said in a press statement today that "the external indebtedness of Iraq amounts to less than $ 30 billion, and that there is external indebtedness pending on the Paris Club agreement, which deducted about 80% of the debts before 1990, was not settled."

He explained that "the external debt of Iraq for the pre-1990 phase, amounting to 128 billion dollars, 80% of which was written off under the Paris Club agreement."

Advisor to the Prime Minister for Financial Affairs: Iraq’s external debt is about 30 billion dollars, and the internal is about 42 billion dollars %D8%AF%D9%8A%D9%88%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82

He continued: "There are from 41 to 42 billion dollars belonging to the Gulf states and some other countries dating back to before the year 1990, debts outside the Paris Club agreement," noting that they are "outstanding debts that are resolved by resorting to the Paris agreement as a standard agreement for all of Iraq's debts."

He pointed out that "the debt remaining from the Paris Club agreement is less than 9 billion," explaining that "there are new debts arising from the war on ISIS terrorist gangs, which was estimated at about $ 13 billion."

He pointed out that "the remaining amount for countries inside and outside the Paris Agreement, and for international multilateral financial institutions not subject to the agreement, the Paris Club is estimated at 28 billion dollars."

He explained that "its payment will be in the form of payments from the year 2020 to the year 2028, each according to its maturity."

He explained that "the internal debt of Iraq is estimated at 42 billion dollars for the Central Bank, Rafidain, the TPI, and Al-Rashid.

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