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16 trillion dinars will be borrowed by Iraq this year
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Iraq will borrow in this year about 16 trillion dinars to finance investment projects and fill the budget deficit of 19.4 trillion dinars.
These loans include the issuance of local and foreign bonds in addition to loans from foreign and Arab countries and some organizations such as the IMF and the World Bank.
In the draft budget this year, Iraq will issue national bonds worth 1.6 trillion dinars and will also receive a loan from the World Bank, banks and other international companies worth 2.1 trillion dinars and loan from the International Monetary Fund to support the budget of 1.8 trillion dinars.
A loan from the Japanese Development Cooperation Agency to support the budget of 236.4 billion dinars, a loan from the Saudi Fund for Development worth 35.4 billion dinars, the issuance of foreign bonds worth 1.8 trillion dinars and a loan from the European Union worth 118.2 billion dinars.
Iraq will also provide remittances through commercial banks worth 3 trillion dinars, a loan from the JBIC worth 94.5 billion dinars, a loan from the World Bank worth 296.9 billion dinars, and a US loan for the purpose of arming worth 834.9 billion dinars and a British loan worth 851 billion dinars.
Iraq will also receive loans guaranteed by international export guarantee institutions worth one trillion dinars, a German loan of 179.6 billion dinars, the Swedish loan of 141.8 billion dinars, the Italian loan of 92.9 billion dinars, JICA loans of 692.1 billion dinars and the German loan for Siemens projects the rest of 283.6 billion dinars.
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