Iraq offers to negotiate to determine the debt

[Stillw8n]

Neighbourhood: He adviser to the CBI the appearance of Mohammed Saleh, said that figures quoted by the «Board of Supreme Audit» in the Ministry of Finance and Central Bank of Iraq in the file of Iraq’s debt is «tentative signs» by negotiation, and added that these figures are subject to change and, therefore, that negotiate the debt with the creditor countries would facilitate access to the final figures, after being around the settlement of all belongings, including interest rates.

He told «life» that the central Iraqi adopted in determining the numbers of Iraqi debt records «Paris Club» of the donor countries, which pay a debt that fall within the agreement the club in the form of payments until the year 2028, either the debt owed it to countries outside the «Paris Club», a We have 12 to Gulf countries, especially Saudi Arabia, Qatar and Kuwait, will pay 21 percent of them. He explained that Iraq has paid the debt to 13 creditors commercially and 12 countries outside the «Paris Club».

The Director General of «Public Debt Department» in the Iraqi Ministry of Finance Mowaffaq Taha said in a press statement that «his ministry is responsible and expensive debt settlement», adding that the figures provided by other parties, «non-real», pointing out that Iraq’s debt varies between 120 to 140 billion, and is divided into four slices countries abroad and the countries of «Club Paris».

He explained that the money must be paid by Iraq’s creditors can be identified by «Paris Club», up to $ 51 billion, and commercial debt (19 billion) and debt of the Gulf States (27 billion dollars), except for claims based on the documentation claims the premises under the creditor. He said there was an agreement with a company in the Iraqi Ministry of Finance, Audit and ensure that the debt be paid after that resolved the legitimacy of claims that provided by external creditors.

In addition, the banking expert said Farouk Ramadan as saying that the difference on the real numbers in determining Iraq’s debt is due to that «each responsible for a range of tasks exercised by», in order to achieve the real number of the final debt. He added that the central bank is responsible for records «Rafidain» and dues of workers and foreign debt, The Financial Control is responsible for the state budget Bdoaúrha all. He said there is a need for a point of coordinates between them, to come to put real numbers of the debt

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