Paris Club debt benefits meet postponed Iraq until 2019.

2016-05-21 11:26


Detect Premier's Advisor for Economic Affairs Mohammad Saleh appearance, Saturday, that the States members of the Paris Club decided to defer the debt of Iraq met Fuad until the end of the year 2019, noting that this move was to ease the financial burden on Iraq, stressed that these annual dues of about $ 800 million.

He said the appearance of Mohammed Saleh told the (range), that "the recent meeting of the Paris Club on the sovereign debt of countries and based on what I have offered Iraq Canada findings of the standby credit agreement with the International Monetary Fund Club Member States decided to exempt Iraq from paying interest on its debt and remains suspended until the end of the year 2019.

He added, "the annual dues for leftover debt of countries of the Paris Club and other sovereign debt outside the Club and that are subject to the same account and payable amounting to about 800 million dollars", "this procedure finally came to ease the financial burden on Iraq."

He continued, "this decision came upon the proposal of the Government of Canada as a member of the States of the Paris Club of creditor nations, as well as being one of the G7 countries (G7).

He was Advisor to Prime Minister for Economic Affairs Mohammad Saleh appearance, confirmed earlier that Iraq has fulfilled its obligations towards the creditors who showed up after 2003, whether Governments or dealers or businessmen to judge according to Paris Club agreement, to pay 20% of the amounts due in the form of payments for conceding those 80%, or pay 10% cash for ceding 90 percent. "

The policies pursued by the previous regime burdened Iraq, still tens of billions of them discharged despite putting out a lot of States consequent her discharged.