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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

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    A detail about Iraq's internal and external debts ... Money payable to several parties

    Rocky
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    A detail about Iraq's internal and external debts ... Money payable to several parties Empty A detail about Iraq's internal and external debts ... Money payable to several parties

    Post by Rocky Fri 16 Apr 2021, 2:31 pm


    [size=30]A detail about Iraq's internal and external debts ... Money payable to several parties

    2021-04-16
    [/size]
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    Yes Iraq: Baghdad

    The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, revealed that the total debts on Iraq amount to 73 billion dollars payable, in addition to 40 billion dollars pending to eight countries.
     
    According to Saleh, “the largest indebtedness of Iraq was before 1990, when its debts were more than 128 billion dollars. Under the Paris Club agreement of 2004, it was agreed that all creditors would write off 80 percent or more of each debt, and in return Iraq concludes agreements with these. Countries".
     
    He emphasized that some countries gave up their debt 100%, and some of them gave up 90% of the debt, leaving only 3 billion, which is about to expire.
     
    He added, "The problem is that there are nearly two billion dollars in debt to the private sector in the form of bonds, and these will be liquidated in the coming years. Also, there is an outstanding amount for eight countries, including Gulf and some foreign, and these countries do not want the settlement, even though they are subject to the Paris Club." "Pointing out that" a portion of this estimated $ 40 billion belongs to Arab countries, and we believe that this debt will be written off a hundred percent. "
     
    He added that "there are other external debts that have accumulated due to the war on ISIS, and it is estimated at 12 billion dollars, as well as debts due to development projects provided by some global funds, so this debt is estimated at 23 billion dollars owed to be paid, except for the outstanding 40 billion dollars." That "Iraq's internal debt is very large and amounts to about 50 billion dollars."
     
    An official at the Iraqi Integrity Commission, an official body concerned with anti-corruption affairs in the country, said, "The accumulation of debts of this dangerous size is borne by all governments that ruled the country after 2003."
     
    He emphasized that “most of these governments not only protected corruption from legal accountability, but also worked with it to achieve financial gains. Their public policies also caused the waste of state funds, through corrupt contracts, including arms contracts, trade contracts, agriculture, industry and others, as well as the sharing of state resources. And the control of parties and militias over it ”.
     
    He pointed out that "no government today can control the rampant corruption in the country, which is run by bodies stronger than governments."
     
    To this day, the government has not been able to control corruption, especially at the border crossings, as there are six outlets outside the control of the state, through which the government only gets about two billion dollars annually, while its imports, according to the accounts of the Iraqi Financial Committee, are not less than 12 billion dollars. annually.
     
    Corruption also permeates the government collection and tax file, as the government only gets less than one billion dollars, while its imports exceed $ 12 billion annually, and other files that add to Iraq's economic crises.
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