Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq maintains its credit rating with a stable outlook

    Rocky
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    • Post n°1

    Iraq maintains its credit rating with a stable outlook Empty Iraq maintains its credit rating with a stable outlook

    Post by Rocky Wed 06 Sep 2023, 4:29 am

    POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]Iraq maintains its credit rating with a stable outlook[/size]

    [size=45]A report by the Standards & Poor's Credit Rating Agency (S&P) revealed that Iraq maintained its credit rating at B-/B with a stable outlook, with an emphasis on financial and economic stability.[/size]
    [size=45]The report, which was approved by the Iraqi Ministry of Finance and its results distributed in a statement, stated that “the new classification was a reflection of the policy of continuous economic and financial reforms pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceeds the external public debt and the fulfillment of other external financial obligations as a result of the stability of crude oil prices.” .[/size]
    [size=45]According to the statement; The report adopted several indicators in its classification, the most important of which are: the Iraqi parliament’s approval of the tripartite budget for the years (2023, 2024, and 2025), which aims to revive infrastructure projects and economic needs, adding that the formation of the government at the end of 2022 led to a state of political stability.[/size]
    [size=45]And the report continued, "The prediction of a large surplus in the current account, within the economic expectations, will add to the already strong foreign currency reserves, which works to support Iraq's external capabilities to service the debt during the next 12 months."[/size]
    [size=45]The agency predicts that economic growth will reach 2.6% annually, during the years 2023-2026, which is linked to an increase in oil production and its repercussions on growth in the non-oil field, in addition to a decrease in annual inflation rates to 4% in July 2023 after it was 5-6% during The years 2021 and 2022, which is due to government measures in revaluing the currency, controlling prices, and government support for food and energy prices.[/size]
    [size=45]While the agency's report indicated the possibility of improving the credit rating of Iraq in the event of a high rate of economic growth, diversification of the public financial revenues of the oil and non-oil state, an increase in the per capita share of national income, and the continuation of financial and economic policy reform measures.[/size]
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