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Tag: Foreign Loans

Finance Committee announced total Iraqi Debts and Foreign Loans

Finance Committee announced total Iraqi Debts and Foreign Loans

The Finance Committee has announced in the House of Representatives that Iraq has to pay at least 20 billion U.S dollars as the external debt owed by the country. The head of the Finance Committee, Haitham Al-Jubouri issued a press statement and said the foreign debts still on Iraq are 27 billion U.S dollars. He added that 41 billion U.S dollars for Saudi Arabia are not recognized because they were debts given to the former Iraqi regime leader during the…

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Why the World Bank decreased Financial Support for Iraq?

Why the World Bank decreased Financial Support for Iraq?

The Iraqi government is looking to implement the national reconciliation project in the country. This step will be taken due to the conditions imposed by the World Bank for providing financial support for Iraq. It has been interpreted by the financial specialists and observers regarding the retreatment by the financial support by the World Bank in the light of current financial crisis in the country and an increase in the federal budget deficit for the current year. This situation is…

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