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[size=36]Al-Kazemi’s advisor determines the size of Iraq’s debts to the World Bank and the International Monetary Fund[/size]
Economie| 01:50 - 22/12/2021
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Baghdad - Mawazine News,
Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, determined, on Wednesday, the size of Iraq's debts in favor of the World Bank and the International Monetary Fund.
Saleh said, in a statement followed by / Mawazine News / that "there is no accurate number of the size of the debts owed by Iraq to the World Bank and the International Monetary Fund, because the balance moves in decrease with the payment of the debt package (the installment) in addition to the annual interest, but it does not exceed 5-6 billion dollars. ".
He added, "The loans of the World Bank in particular are long-term and have grace periods of about 6 years, which often extend to about 14 years, and the interests on them are moderate, as they are similar to the interest of the London markets on dollar lending transactions (Liber) in addition to a simple additional percentage representing the bank commission." Ended 29/N33
Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, determined, on Wednesday, the size of Iraq's debts in favor of the World Bank and the International Monetary Fund.
Saleh said, in a statement followed by / Mawazine News / that "there is no accurate number of the size of the debts owed by Iraq to the World Bank and the International Monetary Fund, because the balance moves in decrease with the payment of the debt package (the installment) in addition to the annual interest, but it does not exceed 5-6 billion dollars. ".
He added, "The loans of the World Bank in particular are long-term and have grace periods of about 6 years, which often extend to about 14 years, and the interests on them are moderate, as they are similar to the interest of the London markets on dollar lending transactions (Liber) in addition to a simple additional percentage representing the bank commission." Ended 29/N33
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