Iraq Deficit "May Prompt Return to Int'l Debt Market"

By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

Iraq Deficit May Prompt Return to International Debt Market

Iraq is considering a return to the international debt market to cope with a budget deficit swollen by lost revenue during closures of the Strait of Hormuz.

The country has one of the lowest foreign public debt profiles in the world and instead relied on domestic borrowing. Foreign debt stands at nearly $13 billion, according to the Central Bank of Iraq (CBI).

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