Finance: Iraq paid $20 billion of foreign debts

  • 17-12-2019, 13:41
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    Parliamentary Finance Committee revealed that Iraq paid more than $20 billion of the total external debts owed by Iraq.

    The standing foreign debts on Iraq are $27 billion and $41 billion are for Saudi Arabia that are not recognized because they are given debts to the former regime during the Iran-Iraq war, stated the Head of the Parliamentary Finance Committee, Haitham al-Jabouri to Iraqi News Agency – INA.

    He added that the debts on Iraq were more than $50 billion, more than $20 billion was paid during the last period.

    For her part, MP Majda Al-Tamimi revealed the total foreign loans and borrows from the World Bank and other foreign parties to support investment and the budget deficit.

    “There is a loan in 2015 worth $1 billion and 200 millio, and in 2016 there is a loan worth $1 billion and 443 million," stated al-Tamimi to INA.