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The Secretariat of the Council of Ministers reveals Iraq's external debt .. The government is awaiti

rocky
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reveals - The Secretariat of the Council of Ministers reveals Iraq's external debt .. The government is awaiti Empty The Secretariat of the Council of Ministers reveals Iraq's external debt .. The government is awaiti

Post by rocky on Thu 16 Apr 2020, 1:45 am

The Secretariat of the Council of Ministers reveals Iraq's external debt .. The government is awaiting a response

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{Baghdad: Al Furat News} The General Secretariat of the Council of Ministers revealed the volume of external debts on Iraq.
"There are overtures between the government and the International Monetary Fund to stop completing the burial of Iraq and awaiting a response," noting that "there is no response at the present time, as well as no," said Alaa Globe Al-Fahd, the official spokesman for the government information and communication office in the General Secretariat of the Council of Ministers. There are claims for payment. "
Al-Fahd said, "The government and every year when it has a deficit that the World Bank has approached to lend to in order to finance the budget, and this year there are many things that will be taken into consideration, as the United States has proposed stopping debt repayment at this stage which is good, especially The debt of Iraq to be paid to the IMF this year is estimated at more than 10 billion dollars, and if there is an agreement, this will benefit Iraq with the economic and political situation in which it lives at this stage.
He pointed out that "the economy of Iraq is unstable, because it depends on oil by 95 percent and the remaining 5 cannot be collected now, because of the lack of taxes, fees, etc., noting that the move does not include international cash only, but to stop deducting Kuwait's debts and Arab League dues, knowing that the total debts Iraq is estimated at approximately 139 billion dollars. "
The International Monetary Fund had expected the Iraqi economy to shrink to a negative rate of 4.7 percent, while the economy of the Middle East and North Africa region would shrink by 3.3 percent this year against the backdrop of measures to combat the emerging Corona virus and the decline in oil prices, in the worst performance since Four decades.
In the World Economic Outlook, the International Monetary Fund said: The damage will be much greater than the recent financial crisis in the region in 2008-2009, as economic growth in Lebanon, which defaulted on its debt, is contracted by 12 percent, while Iraq is heading , The second largest producer in OPEC, to a negative rate of 4.7 percent.
Ammar Al Masoudi ended


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