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Reached $ 113 billion .. Adviser to the Prime Minister reveals details of Iraq's debts DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Reached $ 113 billion .. Adviser to the Prime Minister reveals details of Iraq's debts

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Reached $ 113 billion .. Adviser to the Prime Minister reveals details of Iraq's debts Empty Reached $ 113 billion .. Adviser to the Prime Minister reveals details of Iraq's debts

Post by claud39 Thu Apr 15, 2021 8:45 pm

Reached $ 113 billion .. Adviser to the Prime Minister reveals details of Iraq's debts


April 15, 2021 



Reached $ 113 billion .. Adviser to the Prime Minister reveals details of Iraq's debts 1024








Mubasher: Mazhar Muhammad Salih, advisor to the Iraqi prime minister, revealed the size of the Iraqi internal and external debt, which aounted to 113 billion dollars.

Saleh explained in statements to the Iraqi newspaper Al-Sabah, today, Thursday, that Iraq's internal and external debts amounted to $ 73 billion, payable, in addition to $ 40 billion in outstanding debts to eight countries.

Saleh said: The largest indebtedness to Iraq was before 1990, when its debts were more than 128 billion dollars, and under the Paris Club agreement of 2004 it was agreed that all creditors would write off 80% or more of each debt in return, Iraq would conclude agreements with these countries. Separately.

The advisor to the Iraqi prime minister added that there are countries that have completely waived their debt and others 90%, and of this debt there is only 3 billion left and it is about to expire, explaining: “The problem is that there are nearly two billion in private sector debt in the form of bonds. These will be liquidated in the coming years. "

Advisor to the Prime Minister believes that Kuwait, Saudi Arabia, Qatar and the UAE will write off all of Iraq's debts 

Saleh pointed out that there is an outstanding amount for eight countries, including the Gulf and some foreign, and these countries do not want to settle even though they are subject to the Paris Club. Arab countries are Kuwait, Saudi Arabia, Qatar and the Emirates, and we believe that this debt will be written off 100%. "



Saleh added that there are other foreign debts that have accumulated due to the war on ISIS, estimated at 12 billion, and that there are debts due to development projects provided by some global funds, so this debt is estimated at 23 billion dollars owed, except for 40 billion dollars outstanding.



The advisor to the Iraqi prime minister emphasized that the country's internal debt is very large, amounting to about $ 50 billion, but what distinguishes this debt is that it is a debt owed by the government.









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