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The International Monetary Fund expects a decline in Iraq's public debt

Baghdad-ALsharqiya, September 18: The International Monetary Fund expected on Saturday that the ratio of Iraq's public debt to GDP will decrease during the current year. The Fund said in a report that the ratio of the public debt to Iraq’s gross domestic product amounted to 81.2% during 2020, and it is expected to decrease for the current year 2021 to 69.7%.. It added that the decline in debt in Iraq comes in light of the rise in global oil prices after their decline during the past two years. Which enabled Iraq to pay part of its public debts. The Fund pointed out that Sudan ranked first in the Arab world in terms of the highest debt ratio compared to GDP, followed by Lebanon in the second place.

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