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Tishwash: A government advisor reveals the size of Iraq’s external and internal debt

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed, on Tuesday (April 27, 2021), the total debts of Iraq, while he confirmed that the external debts payable ranged between 23-25 billion dollars .

Saleh said, in a statement to the Iraqi News Agency, followed by  IQ NEWS , that “Iraq’s debts payable are those that were reduced by the Paris Club agreement and are called pre-1999 debts and debts that were realized during the financial crisis and the war on ISIS, including the remnants of Kuwait’s compensation, and they all range between 23-25 billion dollars. ”

Saleh added, “The remnants of Iraq’s compensation to Kuwait did not exceed two billion dollars,” indicating that “the number related to the so-called allocations for debt services, ie the annual interest and installments payable, was estimated in the federal budget for the year 2021 at about 9 trillion dinars, which represents 7% of the total spending.” Total in the aforementioned general budget. ”

Saleh pointed out that “this percentage is not allocated to foreign debts only, but most of it is allocated to internal debts, which amount to about 70 trillion dinars,” explaining that “these debts represent the debt of the government banking system to the Ministry of Finance.”

And Saleh continued, “These quotas allocated to public debt are taken over by internal debts at a rate of more than 60% of the total allocations for public or government debt service in the 2021 general budget, and that they are payments from the government to the government    link

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Tishwash:  In a second bombing … an explosive device targeted an International Coalition convoy in Diwaniyah

A security source said, Tuesday (April 27, 2021), that a device exploded against a logistical support convoy of the International Coalition as it was passing on the Diwaniyah highway.

The source told IQ NEWS, “An explosive device targeted a logistical support convoy of the international coalition on the Diwaniyah highway.”

It is noteworthy that an explosive device exploded, this morning, Tuesday, on an international coalition convoy on the highway west of Nasiriyah, resulting in damage to one of the wheels of the convoy without any casualties.    link

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Tishwash:  this came  out yesterday  the difference today is it is on the CBI website

Governor of the Central Bank of Iraq meets His Excellency the US ambassador in Baghdad

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhaif, received the US Ambassador to Iraq, Mr. Matthew Tueller

His Excellency addressed the means of joint cooperation between the two countries in the monetary and economic fields, including the emphasis on the importance of technical support and joint cooperation to advance the reality of the Iraqi banking sector.

For his part, His Excellency the Ambassador praised the reform plan adopted by the administration of the Central Bank of Iraq towards the banking sector, expressing his country’s readiness to provide various types of support and assistance to the Central Bank and the banking sector in Iraq.

Central Bank of Iraq

information Office

April 26, 2021   link

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