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.
Salaries and...the 2025 budget tables...They're hammering it out...They need to have this resolved before they integrate into the global financial system...
They're going to integrate into the global financial system.
I think they're going to need an exchange rate to do so which they haven't done at 1310 for three years. Obviously they're going to have a real effective exchange rate..
IRANIAN PRESIDENT: WE ARE READY FOR COMPREHENSIVE COOPERATION AND TO OPEN A NEW PAGE WITH THE GULF STATES
Iranian President Masoud Pezeshkian announced on Sunday his country’s readiness for comprehensive cooperation and to open a new page with the Gulf Cooperation Council.
During the cabinet meeting, Pezeshkian said that Iran is ready for comprehensive cooperation with the Gulf Cooperation Council, and that “through this path, we can open a new page in our relations in the region itself, given the urgent need to strengthen ties and develop cooperation among Islamic countries,” according to the IRNA news agency.
The Secretary-General of the Gulf Cooperation Council, Jassim Mohammed Al-Budaiwi, condemned “in the strongest terms the missile attack launched by Iran against the State of Qatar.”
Meanwhile, Anwar Gargash, diplomatic advisor to the UAE president, said on Saturday that Iran “is required to restore trust with its Gulf neighbors.”
Doha was hit by an Iranian missile barrage last Monday evening. Tehran claimed that the attack was not targeting Qatar, but rather the US Al-Udeid airbase on Qatari territory.
The targeting of Al Udeid airbase came in response to the US bombing of nuclear facilities inside Iranian territory.
Hours after this Iranian response, the US president declared a ceasefire and an end to the escalation between Iran and Israel, which had lasted 12 days.
...Iraq keeps moving forward with their economy as in the article titled. “IRON ORE EXTRACTION, SULFUR AND DRY GAS INVESTMENT…THE GOVERNMENT IS DISCUSSING TWO REQUESTS AND A CHINESE OFFER” The meeting was attended by representatives of several foreign companies...
So, Iraq is just not talking about exploiting their mineral resources they are doing something about it to bring it to market. This is part of the economy moving away from the rentier economy.
As investors we must stay focused. We can look at the Iranian / Israel conflict as holding things up, but for Iraq they keep trucking on and on.
Al-Sudani stays focused on the objectives. Why?
He knows that the SECRET to success is these industrial cities. He must get his country off the “rentier” economy.
TRUMP: I WILL MEET WITH THE IRANIANS NEXT WEEK AND MAY ASK FOR A PLEDGE THAT IRAN WILL NOT RESUME ITS NUCLEAR ACTIVITY.
US President Donald Trump announced that he will meet with Iranian officials next week, and may ask for a pledge that Iran will not resume its nuclear activity.Trump said in a press conference: “Iran fought a brave war, and the Iranians want money to rebuild their country, and China can buy oil from them.”
He added: “We hit Iran hard before it could move any nuclear materials from the facilities we bombed.” Trump continued:
“The war is over and we will meet with the Iranians next week, and I may ask Iran for a pledge not to resume its nuclear activities.”
(It would be very sad if the regime is not changed. This would be a “grave” mistake! Let’s pray that God’s will is done whatever happens.)