A Global Foundation: Iraq Ranked Fifth In The Arab world, With A Debt Of $ 73 Billion

Baghdad, International Classification Foundation revealed today, Saturday that Iraq’s external debt amounted to $ 73 billion.

According to the statistics published by the Foundation during the year 2020,: The United States ranked first in the world with more debt, with 17 trillion and 910 billion dollars, followed by the United Kingdom with a debt of 8 trillion and 126 billion dollars, and then France comes in third with a debt of 5 trillion and 360 billion Dollars.

It added that: The UAE comes at the forefront of the most indebted Arab countries with 237 billion dollars, followed by the Kingdom of Saudi Arabia at 205 billion and 100 million dollars, and then comes in third place Qatar with 167 billion and 800 million dollars, then Egypt ranked fourth with debts of 77 billion and 470 One million dollars, and then Iraq ranked fifth with a debt of 73 billion and 20 million dollars.

The Governor of the Central Bank, Ali al-Alaq, revealed, in March 2020, the foreign debts of Iraq, amounting to about 23 billion dollars, while the internal debt is about 40 trillion dinars.

It is mentioned that after the drop in oil prices, Iraq borrowed from international financial organizations and many countries to reduce the deficit in its financial budget.

 

Source: National Iraqi News Agency