Al-Kazemi’s advisor reveals the size of Iraq’s debts to the International Monetary Fund
Al-Kazemi’s advisor reveals the size of Iraq’s debts to the International Monetary Fund
04-29-2022 12:09 PM
Today, Friday, the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, revealed the date for the expiration of Iraq’s debt payments.
Saleh said during a press statement: “There are debts owed by Iraq for the benefit of the International Monetary Fund, and they are loans that were provided after the year 2015 during the financial and security crises against ISIS terrorism at that time, and they may exceed four billion dollars and according to two successive programs and two tranches: the first was called (by means). Accelerated financing (with more than one billion dollars to support the 2015 budget,” noting that “the other loan between 2016 and 2017 amounted to nearly three billion dollars within the scope of a program called (credit preparedness arrangements).” He explained that “these amounts are currently paid in installments with simple interest periodically and regularly, and they are part of the remnants of Iraq’s remaining external debt that is really payable, which amounts to about 20 billion dollars, paid in installments until the year 2028 mostly.”
The Prime Minister’s advisor had confirmed earlier that “the loans of the World Bank in particular are long-term and have grace periods of about 6 years, which often extend to about 14 years, and the interests on them are moderate, as they are similar to the interest of the London markets on dollar lending transactions (Liber) plus a percentage of A small additional represents the bank commission.
dijlah.tv
