Half of it is for Gulf countries ... Disclosure of Iraq's debts

Time: 04/15/2021 04:04:48
 
{Economist: Al Furat News} The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, announced that Iraq's internal and external debts amounted to $ 73 billion, in addition to $ 40 billion in outstanding debts for eight countries.

Saleh said in a press statement, "The largest indebtedness to Iraq was before 1990, when its debts were more than 128 billion dollars, and according to the

Paris Club agreement of 2004, it was agreed that all creditors write off 80 percent or more of each debt in return for Iraq to conclude agreements." With these countries separately. "

He added, "There are countries that have waived their debt a hundred percent and the other part of 90 percent, and of this debt only 3 billion remains and it is about to expire," indicating that "the problem is that there are nearly two billion debts to the private sector in the form of bonds, and these are liquidated." During the coming years. "

And Saleh added, "There is an amount outstanding for 8 countries, including the Gulf and some of them foreign, and these countries do not want to settle, even though they are subject to the Paris Club, and they are debts made during the Iran-Iraq war, and this is estimated at 40 billion dollars," indicating that "part of this amount, estimated at 40 billion dollars." One billion dollars belongs to Arab countries, namely Kuwait, Saudi Arabia, Qatar and the Emirates, and we believe that this debt will be written off 100 percent. "

He pointed out, "There are other foreign debts that have accumulated due to the war on ISIS and are 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 pending." Iraq's internal debt is very large and amounts to about 50 billion dollars, but what distinguishes this debt is that it is a debt owed by the government.

LINK