Iraq seeking $40bn GCC debt relief

Iraq's central bank chief has said he hopes the Gulf GCC countries will follow the example of other states and give Iraq 'generous treatment' over debt cancellation.

'The rest of the world has given Iraq between 80 per cent and 100 per cent debt forgiveness,' Iraq's central bank Governor Sinan Al Shabibi said.

'We expect generous treatment from our Arab brothers, that will help recovery and turn a relationship of debt into one of trade and investment.'

Inflation last year was above the target of 20

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.