The financial consultant to the prime Minister, Mazhar Muhammad Salih, announced that Iraq has emerged from the dangers of outside debt, and that it (Iraq) is a properly-fortified us of a.
Saleh stated in a press assertion that: “After eliminating the heavy burden of its debts, Iraq has converted from a rustic indebted to others to a country that can be a creditor to others,” noting that “the us of a is known as the ‘young creditor’ as it possesses a degree of youngsters inside the financial factor, which has raised its credit score rating, regardless of the problems of the region.”
He brought that “Iraq has gotten rid of the load of external money owed for the primary time, which had shackled it economically,” noting that “what remains of its money owed to global events constitutes less than (9) billion greenbacks so one can be paid among now and the 12 months (2028).”
Saleh explained that “money owed are paid off via allocations within the federal standard budget,” noting that “the ratio of money owed to the gross home product does no longer represent a burden at the state, because it amounts to (five) percent of the gross home product.”
He taken into consideration “Iraq a well-fortified u . s . a ., in terms of outside debts (in other phrases, it’s far outdoor the risks of outside money owed), which gives the us of a high credit score at the existing time,” noting that “internal debts are restricted within the (authorities banking) system.”
