Government adviser reveals talks to settle Gulf debt 


Appearance of Mohammed Saleh

Economy News Baghdad:

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Saturday, the existence of talks to settle the Gulf debt and closing it completely, indicating that the Gulf debt amounts to 45.6, including compensation Kuwait.

Saleh said in an interview with “Economy News” that “what the media is exaggerating about the influx of Iraqi debt is incorrect because it must be deleted the amount of 41 billion of the total debt,” noting that “Gulf debt is 41 billion dollars of sovereign debt Belong to countries outside the Paris Club members and are covered by the terms of the Paris Club Agreement. “

He added that “the Gulf countries did not demand debt and did not submit debt documents to the International Auditing Company E & Y since the Paris Club agreement at the end of 2004,” noting that “Gulf debts are mostly fictitious claims and linked to the Iraq-Iran war.”

He pointed out that “there are debts that fall within the compensation of the war of Kuwait, 4.6 billion and the suspension of payment of premiums since 2015 and 5% was deducted from the value of each barrel of Iraqi oil source,” stressing that “there are consultations to resolve this issue and close his file for a final.”

The International Monetary Fund, announced on Wednesday, 2 August 2017, that the Iraqi debt during the current year of 122.9 billion dollars, expected to rise next year to 132.6 billion dollars.

The International Monetary Fund said in a press statement read by the “Economy News” after the conclusion of the second review of the performance of the Iraqi economy under the credit agreement and Article IV consultations for 2017, “The Iraqi debt during the year 2017 amounted to 122.9 billion dollars and will rise in the next year to 132.6 billion dollars “He said.

He added that “external government debt is currently 67.5 billion dollars and will be next year 73.7 billion dollars,” pointing out that “government debt constitutes 63.8% of gross domestic product.”

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