Standard & Poor’s announces its new rating for the Iraqi economy
Economic: The report submitted by the agency {Standard & Poor’s} on the credit rating praised the Iraqi economy’s continuation of maintaining its credit rating as a result of the ongoing economic reforms of the financial policy in Iraq.
A statement by the Iraqi Ministry of Finance, of which the agency {Euphrates News} received a copy, stated that “the new classification comes to reflect the continued maintenance of the level of foreign currency reserves that exceeds the service of the external public debt and the fulfillment of other external financial obligations as a result of the rise in crude oil prices and their recovery in the third and fourth quarters of the year.” Present”.
The agency also confirmed, according to the statement, “the possibility of improving Iraq’s credit rating in the event of a high rate of economic growth in Iraq, diversification of the state’s public financial revenues, oil and non-oil, an increase in the per capita income share of national income, and the continuation of measures to reform the financial and economic policy as mentioned in the economic reform paper (white paper).” Which would strengthen the financial and economic policy of the Iraqi government.”