Iraq’s state-owned Rafidain bank has announced that it has “finished” 87 percent of its foreign debt duties thru excessive-stage legal and monetary negotiations, considerably lowering the country’s outside liabilities.
As a part of Iraq’s adherence to the Paris membership settlement and with direct cabinet approval, the financial institution concluded important settlements with Dutch and French creditor agencies. The maximum splendid turned into underneath cabinet resolution No. 403 of 2025, which settled 3 Dutch court cases with a waiver exceeding ninety percent of the claimed amounts in favour of the financial institution.
additionally, the financial institution accomplished key prison victories in Turkey and Lebanon, getting better over $2.eight million in property. in keeping with a declaration from Rafidain, this highlights the competence of Iraq’s felony apparatus in protecting state pursuits overseas.
Rafidain bank showed it’s miles pursuing very last settlements to shut the final debt portfolio, aiming to strengthen Iraq’s sovereign credit score rating and enhance global self assurance in its economic governance.
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