The International Monetary Agency expects Iraq’s external debt to decrease in 2023
The International Monetary Agency expects Iraq’s external debt to decrease in 2023
2023-05-07 03:23
Shafaq News/ The International Monetary Fund expects Iraq’s external debt to decrease in 2023, by $1.2 billion.
In its latest report for the month of May, the Fund said, “Maintaining macroeconomic stability amid continuing uncertainty in the Middle East and North Africa region,” which was seen by Shafak News Agency; It is expected that Iraq’s external debt will decrease in 2023 by 1.2 billion dollars to reach 22 billion dollars, up from 23.2 billion dollars in 2022, indicating that it is also expected that the external debt of Iraq will decrease in 2024 to reach 20.8 billion dollars. “.
He added, “Iraq’s external debt decreased significantly, starting from 2000, which was 122.4 billion dollars, to reach 48.6 billion dollars in 2020, to reach 33.1 billion dollars in 2021, and then reach 23.2 billion dollars in 2022.”
The Fund indicated that “the highest external debt of the oil-producing Arab countries was the share of Bahrain, whose debt amounted to $197.1 billion in 2022, which is expected to rise to $200.1 billion in 2024, while the least indebted country among the oil-producing countries was Algeria.” whose foreign debt reached $1.5 billion in 2022.
shafaq.com
