Australian Mercantile Collections

Iraq’s foreign debt more than halved in two years

Iraq’s foreign debt more than halved in two years

The Iraqi government has recently announced a 50% reduction in foreign debt, also highlighting its determination to continue to create a qualitative change in the Iraqi economy.

According to Iraqi government spokesman Bassem Al-Awadi, the executive took a series of executive measures and adopted a package of financial decisions that achieved “the reduction of the external public debt by more than 50%, reducing the debt from $19.729 billion at the end of 2022 to $15.976…

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