Al-Kadhimi’s Advisor: Iraq currently has a fiscal space

  • 14-01-2022, 13:03
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    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that removing Iraq from the list of high risks for money  encourages capital entry into the country, while noting that Iraq's financial rating is high and has the ability to pay off debts.
    The external debt situation is good and decreasing, and there is a fiscal space in Iraq at present time, noting that the amount to be paid does not exceed 20 billion dollars, and has allocations in the budget, Salih told the Iraqi News Agency (INA).
    He added that "Iraq's rating is high, as we have the ability to pay off debts," noting that "the neo-liberalism in the world liberated the world's economies, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and such exchanges include  financial problems, economic crimes, money laundering, and others.”
    Salih also stressed that "Iraq has proven that it is free of money laundering and has been removed from the list of high risks, and this is a an essential matter that gives freedom and liberalism to banks to work in global environments, the ability to immunization, attention and low cost, which encourages the entry of capital into the country without problems, and this is positive step for Iraq."