A SIGNIFICANT DECLINE IN THE VOLUME OF FOREIGN LOANS, AND IRAQ IS IN THE GREEN SIDE IN INTERNATIONAL CREDIT STANDARDS
Iraq’s external financial policy has improved its global credit rating, with external debt declining to approximately $10 billion.
Despite the rise in domestic debt, economists assert that it poses no risk, thanks to the government’s ability to set interest rates and schedule repayments.
The Iraqi government’s foreign financial policy appears to be improving, as evidenced by a decline in foreign borrowing rates.
This decline raises Iraq’s global credit rating, which is based on the size of the debt and the country’s ability to repay interest.