Report: Iraq is in a good position to pay off its external debt

[Mary B]

Report: Iraq is in a good position to pay off its external debt

12:37 - 3/18/2020

 

  

The information / translation ..
A report of the Australian economic newspaper Investor Daily, specializing in investment, confirmed on Wednesday that Iraq is in a good economic position that enables it to meet its external debt.
The report, which was translated / information / in an interview with the economic analyst Mark Baker, the director of investment and emerging market debt at the Aberdeen Standard Investments Group, in response to a question about the bonds issued by the Iraqi government, stated that “ Iraq is a net external creditor and this means that its external assets are greater than its external debt than It means the country is in a good position to stick to its debts. ”
"Each country is subject to a unique set of macroeconomic engines. There are no emerging markets or similar borders. In the case of Iraq , regional political geography and internal politics are key factors. But at the same time, it is consideredIraq is a net external creditor, which means that its external assets are greater than its external liabilities. This means that the nation is well placed to service its debt obligations. ”
He pointed out that "border markets tend to assume more credit risk than the prevailing emerging markets. However, it does not necessarily follow that volatility is higher, especially for local currency bonds. Border bonds in local currency are less accessible and require very careful analysis and oversight, which some international investors may be unwilling or unable to implement. As a result, most of these markets suffer from a significant lack of ownership and are therefore less sensitive to global risk factors affecting the more common emerging markets. Ended / 25 z

 

https://www.almaalomah.com/2020/03/18/463001/

[nannab]

Thank you MaryB  

[Engine1]

So they finally accrued enough US dollars selling us their funny money. Now they will be using US dollars to pay off their debt.  Well that is how I see it. 

[keylime]

Good. You can start with paying me off for your dinar back. 

[3n1]

they should have plenty of money to be debt free and major reserves at the cbi they provide little assistance to the citizenry , a real market economy hasn't begun yet that will require some goi oversight and funding to get rolling ,  pretty much just been a ****** and grab all you can for the corrupt so far imo oil has been above 50 bucks a barrel for years and when maliki was stealing his wealth it was above 100 dollars a barrel.... thanks mary b

[3n1]

guess the word sna*ch  triggered the filter