Paris Club met postpone the benefits of Iraq's debt until 2019

Author: HH, ZJ
Editor: HH, NS

21.5.2016 11:26

Long-Presse / Baghdad
Prime Minister for Economic Affairs Advisor to detect the appearance of Mohammed Saleh, said on Saturday that members of the Paris Club countries decided to postpone debt from Iraq met Fouad until the end of 2019, and as pointed out that the procedure was to ease the financial burden on Iraq, he stressed that those annual dues of approximately $ 800 million.

He said the appearance of Mohammed Saleh in an interview with (long-Presse), "The last meeting of the Paris Club on sovereign debt of countries and based on what introduced by Canada and reached Iraq of the Convention on the credit to be prepared with the International Monetary Fund and the Member States in the club exemption Iraq decided to pay interest on the remnants of his debts and dues suspended until the end of the year 2019 ".

Saleh added that "these annual for the debts of countries of the Paris Club and other sovereign debt remnants of receivables from outside the club, which is subject to be considered the same and payable amounting to $ 800 million," adding that "this procedure was to ease the financial burden on Iraq."

Saleh continued, "This decision was based on a proposal by the Canadian government of being a member of the Paris Club of creditor nations, as well as being one of the Group of Seven nations adult (G7)".

It was Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, said earlier that Iraq has fulfilled its obligations to creditors who appeared after 2003, whether they are governments or traders or businessmen on accordance with the Paris Judge Club agreement, to pay 20% of the amounts owed to it in the form of payments for a waiver of those entities for 80%, or pay 10% in cash in exchange for ceding 90%. "

The policies pursued by the previous regime burdened Iraq's debt, which is tens of billions of them, despite his trust still extinguishing a lot of countries the consequences have his trust.