Disclosure of Iraq’s creditors internally and externally
Disclosure of Iraq’s creditors internally and externally
04/11/2024
An economic expert revealed the most prominent creditors of Iraq.
Salah Nouri, former director of the Financial Supervision Bureau, told Al-Furat News Agency, “The amount of declared external debt is approximate, because there are external debts in the form of investment projects such as building hospitals and schools, especially the Japanese International Agency. These have complex accounting treatments in order to record them in the Ministry’s records.” Finance.
He stated that “the most prominent creditors are the International Monetary Fund, the World Bank, German and Japanese foreign international agencies, and international Islamic development funds, and there are no debts to Arab countries after 2003.”
Nouri pointed out, “The settlements of external debts through the Paris Club Agreement have ended, and they are related to debts before 2003, and as far as I know there are no new consultations, and the remaining ones mostly belong to the Gulf countries.”
He explained, “As for internal debts, the creditors are government banks.” (Al-Iraqi Trading Company) TBI, Al-Rafidain, Al-Rasheed) in addition to the employees’ retirement fund, which is approximately 60 trillion Iraqi dinars.
On April 8, the Iraqi government announced a reduction in external public debt by more than 50%, bringing the debt down from $19.729 billion late. in 2022, to $15.976 billion in 2023, reaching approximately $8.9 billion in the current year.
alforatnews.iq
