Sandy Ingram
One significant difference between Iraq and many other developing and established countries is Iraq's consistent willingness to pay down debt.
Iraq's foreign debt has now fallen to below $10 billion dollars according to Saleh, financial advisor to the Iraqi Prime Minister...Provisions have been set aside...to ensure these obligations are met...These external debts are largely tied to the Paris Club Agreement .
..Iraq is on track to fully pay these obligation by 2028.
Saleh highlighted the importance of Iraq's relatively low level of foreign debt, noting it has significantly improved the country's financial standing in the eyes of global credit rating agencies, including the US based S & P.
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