Standard & Poor’s announces its new rating for the Iraqi economy

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Standard & Poor's announces its new rating for the Iraqi economyEconomic: A report on the credit rating by Standard & Poor’s praised the Iranian economy’s continued maintenance of its credit rating as a result of ongoing economic reforms in Iraq’s financial policy.

A statement from the Iraqi Ministry of Finance, a copy of which was received by {Euphrates News}, states that “the new classification reflects the continued maintenance of foreign exchange reserves exceeding external public debt service and meeting other external financial obligations as a result of rising crude oil prices and their recovery in in the third and fourth quarters of the year. ”Present”.

The agency also reaffirmed, according to the statement, “the possibility of improving Iraq’s credit rating in the event of a high economic growth rate in Iraq, diversification of government public finance revenues, oil and non-oil, increasing per capita national income and continuing measures to reform financial and economic policies as mentioned in the Economic Reform Paper (White Paper). “Which would strengthen the financial and economic policy of the Iraqi government. ”

Alforatnews.iq

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