Saleh: There is no accurate figure for the size of the debts owed by Iraq to the World Bank and the International Monetary Fund35 minutes ago[/size]
Today, Wednesday, Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, determined the size of Iraq's debts to the World Bank and the International Monetary Fund.
Saleh said, in a press statement, that "there is no accurate figure for 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, and they 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."
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