Adviser to the Iraqi Prime Minister for Economic Affairs, Mazhar Muhammad Salih, indicated that "the volume of debts owed by Iraq to the International Monetary Fund and the World Bank ranges between 5-6 billion dollars."
Salih stressed that "there is no accurate figure for the size of Iraq's debts to the World Bank and the IMF, because the balance moves down with periodic payments and interests, but it does not exceed the limits of 5-6 billion dollars."
The adviser to the Iraqi Prime Minister revealed that the total external public debt owed by Iraq has decreased to $20 billion, indicating that the year 2022 will be free of financial hardships and financing restrictions.
Saleh added that while the internal debt is still the largest at the present time, and exceeds the external debt three times, it remains confined within the framework of the government financial system and has no connection with the public. Considering that the loans of the World Bank in particular are long-term, with grace periods of about 6 years, which often extend to about 14 years, and the interests on them are moderate.
Source (Anadolu Agency, Edited)
