Shafaq News/ The International Monetary Fund expected, on Saturday, that the ratio of Iraq’s public debt to GDP will reach 70% during 2021.
And the fund said in its schedule, seen by Shafak News Agency, that “the ratio of the public debt to the gross domestic product of Iraq amounted to 81.2% during the year 2020”, expecting “it will decrease for the current year 2021 to 69.7%.”
He added that “the decline in debt in Iraq comes after the rise in global oil prices after their decline during the past two years, which enabled Iraq to pay part of its public debts.”
The fund pointed out that “Sudan ranked first in the Arab world with the highest debt ratio compared to its GDP, with 262.5% in 2020, followed by Lebanon second with 154.4%, and then Bahrain third with 132.9%.”
He added that “Egypt came fourth with a debt rate of 90.2% compared to its GDP, Jordan comes fifth with 88.5%, then Tunisia comes sixth with 87.6%, then Yemen with 83.2 and Iraq.”