Demand intensified diplomatic effort to extinguish the Paris Club debt
Demand intensified diplomatic effort to extinguish the Paris Club debt
05/22/2016
BAGHDAD / JD / .. A commission of economy and investment representative, for the extension of the payment of the debt of countries of the Paris Club and Kuwait to the year 2019, as called for intensified diplomatic effort to extinguish those debts.
Said committee member Rep. Najiba Najib told / KD / diplomatic effort that the Iraqi state intensified its work to negotiate with Kuwait and the countries of the Paris Club in order to extend the debt repayment until 2019 due to the financial and economic challenges facing the country at the moment.
She added that he must resume negotiations in order to extinguish those debts because it will fall upon the state in the coming years, especially since the profit rate of up to 5%, the more the postponement of debt repayment the higher the amount of the payment as a result of the high rate of interest.
The benefits of Iraq’s debt to the Paris Club countries each year of around 850 million Dolar.anthy / 8 /
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