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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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    Iraq is among the Arab countries with the highest proportion of central debt compared to gross domes

    Rocky
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    Iraq is among the Arab countries with the highest proportion of central debt compared to gross domes Empty Iraq is among the Arab countries with the highest proportion of central debt compared to gross domes

    Post by Rocky Sun 07 Apr 2024, 7:02 am

    Iraq is among the Arab countries with the highest proportion of central debt compared to gross domestic product



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    2024-04-07 06:50
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    Shafaq News/ International Monetary Fund statistics announced that Iraq ranked ninth in the Arab world with the highest percentage of central debt compared to gross domestic product out of 10 Arab countries, according to a recent report written this April.
    The International Monetary Fund said in its report that its main goal is to help countries recover from their economic turmoil, and news of its daily activities continues in countries around the world, from providing loan and aid programs and reviews to express assessments of economies, but with the confusion it has caused as a result of cases of economic stagnation that struck countries after... Resorting to it: In this topic, we review the countries that borrow most from the International Monetary Fund, including Arab countries. The IMF publishes constantly updated statistics on the volume of loans to all member countries.
    It should be noted that the International Monetary Fund relies in its calculations on what are called “Special Drawing Rights,” which are international reserve assets that are not a currency in themselves, but their value depends on a basket consisting of 5 currencies: the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. .
    According to the IMF's official website, each Special Drawing Right is equivalent to about $1,325.
    According to the report, the country that borrows the most from the International Monetary Fund is Argentina, with $43 billion, followed by Egypt, second, with $14.93 billion, followed by Ukraine, third, with $12 billion, followed by Pakistan, fourth, with $7.74 billion, and Ecuador, fifth, with $7.72 billion.
    The Arab countries that borrow most from the International Monetary Fund: Egypt ranks first, followed by Morocco with $2.1 billion, Jordan with $1.98 billion, Tunisia with $1.47 billion, Sudan with $1.3 billion, Mauritania with $343.27 million, Somalia with $95.4 million, and Djibouti with $42.1 million. Comoros: $24 million, Yemen: $6.43 million.
    The report also stated that the Arab countries had the highest percentage of central debt compared to the GDP. Lebanon ranked first in the Arab world with a rate of 179.2% compared to the GDP, followed by Sudan with 127.5% compared to the GDP, Bahrain third with 117.95% compared to the GDP, and Jordan fourth with 89.32%. Compared to the GDP, Yemen is 73.53%, fifth is the GDP, Morocco is sixth, 68.79% compared to the GDP, Algeria is seventh, 52.4% compared to the GDP, Qatar is eighth, 45.31% compared to the GDP, and Iraq is ninth, 43.3% compared to the GDP. , Oman ranks last with 40.15% compared to GDP.
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