Iraq Good News Erases 87% of National +IQD RV Latest News
Iraq Good News Erases 87% of National +IQD RV Latest News
Edu Matrix: 7-31-2025
In a groundbreaking achievement for Iraq's economy, the state-owned Al-Rafidain Bank has announced the settlement of 87% of the country's foreign debt liabilities as of July 30, 2025.
This pivotal milestone, reached through strategic negotiations and successful legal actions, underscores Iraq's commitment to financial recovery and national sovereignty.
With significant concessions secured from creditors in France, the Netherlands, Turkey, and Lebanon, Iraq is enhancing its credit rating and building global trust in its financial governance.
The decline in foreign debt from $19.7 billion to $8.9 billion reflects Iraq’s focused policy reforms. Discover how this achievement paves the way for global integration and investor confidence in Iraq's fiscal stability!