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[size=35][size=35]Finance: Iraq is achieving progress with its global credit rating[/size]
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2021-03-25 | 03:06
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The media office of the ministry said in a statement received by "Alsumaria News" that the "Fitch" international credit rating agency amended the outlook for Iraq from negative to stable and the rise of its credit rating globally after it was given a better outlook.
He praised the report submitted by Fitch International Credit Rating Agency the financial measures adopted by the Iraqi government as part of its reform policy for the course of the Iraqi economy.
According to the report, the credit rating of Iraq has been revised from a negative outlook last year to a stable outlook.
The new classification comes to reflect the continuation of foreign currency reserves at a level that exceeds the external public debt service and the state's ability to fulfill its financial obligations and the reform steps included in the white paper and the efforts of the Ministry of Finance and its effective contribution to reducing the value of the expected deficit of the general federal budget.
In addition to the measures related to changing the exchange rate of the Iraqi dinar, which had the effect of relieving pressure on foreign reserves and recovering global oil prices during the first quarter of this year.
The agency also stressed in its report on an optimistic view of the high rates of growth of the Iraqi economy during the current year 2021 in conjunction with the high volume of oil revenues and measures to reform the financial and economic policy of the Iraqi government.
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[You must be registered and logged in to see this link.]2021-03-25 | 03:06
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1,518 views
The Ministry of Finance confirmed today, Thursday, that there has been a positive development in Iraq’s credit rating.
The media office of the ministry said in a statement received by "Alsumaria News" that the "Fitch" international credit rating agency amended the outlook for Iraq from negative to stable and the rise of its credit rating globally after it was given a better outlook.
He praised the report submitted by Fitch International Credit Rating Agency the financial measures adopted by the Iraqi government as part of its reform policy for the course of the Iraqi economy.
According to the report, the credit rating of Iraq has been revised from a negative outlook last year to a stable outlook.
The new classification comes to reflect the continuation of foreign currency reserves at a level that exceeds the external public debt service and the state's ability to fulfill its financial obligations and the reform steps included in the white paper and the efforts of the Ministry of Finance and its effective contribution to reducing the value of the expected deficit of the general federal budget.
In addition to the measures related to changing the exchange rate of the Iraqi dinar, which had the effect of relieving pressure on foreign reserves and recovering global oil prices during the first quarter of this year.
The agency also stressed in its report on an optimistic view of the high rates of growth of the Iraqi economy during the current year 2021 in conjunction with the high volume of oil revenues and measures to reform the financial and economic policy of the Iraqi government.
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