In numbers, the Minister of Finance reveals the size of Iraq’s internal and external debts

  • Time: 05/25/2022 17:11:39
  • Reading: 1,833 times
In numbers, the Minister of Finance reveals the size of Iraq's internal and external debts

  {Economic: Al Furat News} Finance Minister Ali Allawi revealed on Wednesday that the country’s total external and internal debts.

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Allawi said in a statement, of which {Al-Furat News} received a copy, that “the only real commercial debt of Iraq is two of three Eurobonds with an interest rate of 5.8% and 6.72%, while the third at an interest rate of 2.149%, which is guaranteed by the US government.”
He added, “All other debts are on very concessional terms,” noting that “the external debt does not include the debts of the former regime, which amount to 57.8 trillion dinars, or the equivalent of 39.9 billion dollars, and have been frozen since 2003 without interest or payment as part of the work of the Ministry of Foreign Affairs. financial debt reduction.
And Allawi stated, “The ministry has reconfigured all local debts as follows: The balance of all local debts has medium or long-term terms, after the government agreed with the Central Bank and public banks in 2020 to convert all current treasury transfers (bonds) into loans for 10 and 20 years, with the payment of For installments starting from March 2021 and an interest rate reduced to 2%, “while the total external and internal debts amount to more than 99 trillion dinars.”
And he continued, “The Council of Ministers agreed, in its session held on Tuesday, last April 5, to adopt a strategy for repaying the public debt. The internal budget for the years (2022-2024), which was prepared by the Public Debt Department / Ministry of Finance within the draft federal general budget bill for the Republic of Iraq for the fiscal year / 2022.


Saleh and Al-Kazemi stress the need for dialogue in addressing outstanding issues

  • Time: 05/25/2022 18:40:25
  • Reading: 325 times
Saleh and Al-Kazemi stress the need for dialogue in addressing outstanding issues

  {Politics: Al Furat News} The President and Prime Minister Barham Salih and Mustafa Al-Kazemi stressed, today, Wednesday, the necessity of dialogue in addressing outstanding issues.

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And the presidential office stated in a statement that {Euphrates News} received a copy of it, that “Saleh discussed, during his meeting with Al-Kazemi in his office in Baghdad, the developments of the general situation in the country, where it was emphasized the need to enhance security and stability and support the security forces in pursuing ISIS cells, vigilance and caution against his plans to destabilize citizens’ security.

He added, “Its developments were also discussed, with emphasis on the necessity of dialogue in addressing outstanding issues in the spirit of responsibility and patriotism and meeting the expected benefits, in addition to discussing the economic conditions and the importance of giving citizens’ living and service requirements a top priority and working to respond to the necessary needs in a manner that guarantees a decent living.”

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Al-Kazemi and Al-Halbousi stress the need for coordination between the executive and legislative authorities

2022/05/25 17:11

  • number of readings 51
  • Section : Iraq

Baghdad / Obelisk: Prime Minister Mustafa Al-Kazemi received, on Wednesday, May 25, 2022, Speaker of Parliament, Muhammad Al-Halbousi.

During the meeting, they discussed the overall general situation at the national level, and the latest developments on the security and political levels.

It was stressed during the meeting the need to strengthen coordination and cooperation between the executive and legislative authorities in various files in response to the aspirations of all the Iraqi people.

Obelisk – Follow-up – Agencies

The meeting of the two main parties in the Kurdistan Region ends with an agreement on a set of points

KurdistanbreakingNechirvan BarzaniThe National UnionKurdistan Democratic Partydistrict chiefbipartisan meeting

 2022-05-25 07:18A-AA+

Shafaq News/ The political offices of the two main parties in the Kurdistan Democratic Region and the Patriotic Union of Kurdistan concluded today, Wednesday, a meeting they held in the region’s presidency in the capital, Erbil.

A joint statement issued by the two political offices stated that during the meeting, they discussed explicitly the relations between the two sides and the current situation in Iraq and the Kurdistan Region, and finding an appropriate ground for cooperation and joint action.

The statement added that the two sides confirmed that after the initiative and visit of the President of the Kurdistan Region to Sulaymaniyah, a ground was available for dialogue, normalization and development of relations between the two sides, and work to restore confidence between the two parties, and cooperation between political parties through understanding and dialogue.

The two sides agreed to continue the joint meetings between the two political bureaus of the Kurdistan Democratic Party and the Patriotic Union of Kurdistan as a principle of joint action, as well as to form a joint committee between the two political bureaus to discuss the upcoming electoral process for the Parliament of Kurdistan.

In another axis of the meeting, they affirmed the support and support of both sides for the Kurdistan Regional Government and the legitimate institutions, and the continued prohibition of the media campaign against each other.

Parliament publishes the agenda for Thursday’s session

2022/05/25 10:54

  • number of readings 225
  • Section : Iraq

Baghdad / Obelisk: The Media Department of the House of Representatives announced, on Wednesday, May 25, 2022, the agenda for the parliament session for next Thursday.

The department stated in a statement received by the obelisk, that “the agenda of the parliament session on Thursday, May 26, 2022, includes voting on the proposed law banning normalization and establishing relations with the Zionist entity, in addition to a general discussion.”

She added, “The session will start at eleven in the morning.” 


The Iraqi currency reserves are expected to exceed $90 billion by the end of the year

economybreakingIraqi currencycurrency reserve

 2022-05-25 07:00A-AA+

Shafaq News/ The Iraqi Finance Minister Ali Allawi expected on Wednesday that the Iraqi currency reserves would exceed $90 billion by the end of the year.

Allawi said in a press statement that “Iraq’s currency reserves are expected to exceed $90 billion by the end of the year, from $70 billion in April, supported by high oil prices.”

He added, “The country’s foreign exchange reserves fell to an “alarming” level in 2020, when the Covid pandemic caused oil prices to collapse.

With revenues amounting to 10 billion dollars .. Oil announces its final exports for the month of last April

economypetrol MinistrybreakingIraq’s oil exports

 2022-05-25 06:56A-AA+

Shafaq News/ The Ministry of Oil announced today, Wednesday, the total final oil exports and revenues achieved for the month of last April, indicating that the exported quantities were loaded by (34) international companies of different nationalities.

The ministry said in a statement received by Shafaq News Agency, “According to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), the amount of crude oil exports amounted to (101) million (390) thousand and (662) barrels, with revenues of (10 ) billions (609) million and (252) thousand dollars.

He added that “the total quantities exported of crude oil for the month of April from oil fields in central and southern Iraq amounted to (98) million (100) thousand and (42) barrels, while the quantities exported from Kirkuk oil through the port of Ceyhan were (2) million and (991) thousand and (60) barrels.

He pointed out that “the average price per barrel amounted to (104.637) dollars,” noting that “additional revenues were achieved from selling quantities of shipments of exported crude oil at a price premium, as the total revenue for them reached (71,844,712) million dollars.

She explained that “the exported quantities were loaded by (34) international companies of different nationalities, from the ports of Basra, Khor al-Amaya, mono-buoys on the Gulf and the Turkish port of Ceyhan.”

Washington’s new ambassador: Iraq is our priority and the cornerstone of regional stability

politicsIraqbreakingUnited States of AmericaThe new ambassador to Baghdad

 2022-05-25 06:53A-AA+

Shafaq News/ An American newspaper revealed today, Wednesday, that the American diplomat, Elena Romanovsky, has taken the legal oath in preparation for taking over her position as her country’s ambassador in Baghdad, while the new ambassador indicated that Iraq remains a priority in US foreign policy and a “cornerstone” for regional stability.

“The National” newspaper said in a report published and seen by Shafak News that “the new US ambassador-appointed to Iraq, Elena Romanovsky, took the legal oath, marking the assumption of her position, during a ceremony in front of US Vice President Kamala Harris in Washington.”

The report pointed out that “Romanovsky assumes her new position at a time when Iraq is facing internal and external security challenges.”

During sessions discussing her appointment to the new position in Iraq, Romanovsky said that “Iraq remains a priority in US foreign policy, and a cornerstone of regional stability.”

“The United States supports a stable, prosperous, and democratic Iraq that serves all of its citizens, including the most vulnerable and marginalized communities,” Romanovsky told the Senate Foreign Relations Committee at the time, noting that “strengthening political, economic, and civil society groups will be one of her main priorities as ambassador to Baghdad.” “.

The US Senate had approved the proposal of the administration of President Joe Biden to appoint Romanovsky to her post as ambassador in Baghdad, last March.

Alina Romanovsky is a diplomat with more than four decades of experience in various US departments and agencies, and her last diplomatic assignment was the position of ambassador to Kuwait, after she worked for the US Department of Defense and Intelligence.