Disclosure of creditors to Iraq internally and externally, 12 APRIL

Disclosure of creditors to Iraq internally and externally

An economist revealed the most prominent creditors of Iraq.

“The amount of the authorized external debt is approximate, because there are external debt in the form of investment projects such as the construction of hospitals and schools, especially the Japanese International Agency, these have complex accounting treatments in order to be installed in the records of the Ministry of Finance,” Salah Nuri, former director of the Financial Supervision Bureau, told {Euphrates News}.
He pointed out that “the most prominent creditors are the International Monetary Fund, the World Bank, foreign international agencies, German and Japanese, and Islamic international development funds, and there are no debts to Arab countries after 2003.”
Nouri pointed out that the external debt settlements through the Paris Club agreement ended, and they are related to debt before 2003, and as I know, there are no new consultations, and the rest of them belong mostly to the Gulf countries.
He explained, “As for internal debts, the creditor bodies are government banks (Iraqi trade TBI, Mesobia, Al-Rasheed) in addition to the employees’ retirement fund, which is within (60) trillion Iraqi dinars.”
On April 8, the Iraqi government announced the reduction of external public debt by more than 50%, reducing the debt from $19.729 billion in late 2022, to $15.976 billion in 2023, reaching nearly $8.9 billion this year.

Raghad Dakham

https://alforatnews.iq/news/كشف-الجهات-الدائنة-للعراق-داخلياً-وخارجياً