The International Monetary Fund expects the debt ratio in Iraq to drop to 70%
The International Monetary Fund expects the debt ratio in Iraq to drop to 70%
Saturday 18 September 2021 | 01:10 PM
On Saturday, the International Monetary Fund expected that the ratio of Iraq’s public debt to GDP would reach 70% during 2021 .
The fund said, “The ratio of the public debt to the gross domestic product of Iraq amounted to 81.2% during the year 2020,” and expected “a decrease for the current year 2021 to 69.7 %.”
He added that “the decline in debt in Iraq comes after the rise in global oil prices after their decline during the past two years, which enabled Iraq to pay part of its public debts .”
The fund pointed out that “Sudan ranked first in the Arab world in the highest debt ratio compared to its GDP, with 262.5% in 2020, followed by Lebanon second with 154.4%, and then Bahrain third with 132.9 %.”
He added, “Egypt came fourth with a debt rate of 90.2% compared to its GDP, Jordan came fifth with 88.5%, then Tunisia came sixth with 87.6%, then Yemen with 83.2 and Iraq.”
aynaliraqnews.com
