Iraq Debt Reaches Over $45 Billion

Iraq Debt Reaches Over $45 Billion

Iraqi Dinar 123 News:– On Thursday, a member of the Iraqi Parliamentary Finance Committee Majida Al Tamimi issued a press statement that Iraqi debts are rising which is estimated at 45 billion U.S dollars. She also confirmed that it will be issued according to the terms. Al Tamimi further added that these financial debts will be scheduled by the government of Iraq. The debts of foreign and Arab countries have been raised at 45 billion U.S dollars, in which more than 35 billion U.S dollars are dues of Arab states on Iraq including former regime debts.

She further added that all debts of foreign countries including the funds of the World Bank have been increased significantly which is estimated at 10 billion U.S dollars. She said that these all debts will be given back through credit payment. It is also said by a member of the Iraqi Parliamentary Commission for Economic and Investment Najiba Najib, that Iraqi debts of neighboring countries have shown a significant increase of 25 billion U.S dollars including the funds of the World Bank. She also confirmed that it is very difficult for Iraqi government to pay all its debts in current conditions. The Iraqi government should adopt some better techniques in order to find much better ways to clear all debts.

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