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Iraq to pay off its debts to Iran
Iraq reached a settlement on payment of its arrears to Iran but the process takes about a month before trade between the two neighboring countries returns to normal, said the co-chairman of Iran-Iraq Joint Chamber of Commerce.
Swiss spooked by using debt to prop up economy
Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighboring Switzerland has consistently curbed borrowing despite calls to change course.
Iran’s foreign debt at $9.3b, among lowest globally: CBI
Iran’s foreign debt rose to $9.3 billion by late December, up 3.5 percent compared to nine months earlier, according to figures released by the Central Bank of Iran (CBI).
EU plants flag with social bonds in defining year of debt sales
The European Union, set to become one of the largest issuers of green and sustainable bonds, will sell debt for the first time in 2021 off the back of record-breaking demand last year.
Iran paying UN membership dues despite US sanctions: Khatibzadeh
The spokesman for Iran’s Foreign Ministry said the country has regularly paid its UN membership contributions during past years despite unilateral sanctions imposed by the United States on Tehran, which have made financial transactions difficult for the Islamic Republic.
Germany plans nearly €180 billion in new debt for 2021
Germany plans to borrow almost €180 billion ($214.60 billion) next year, nearly double the amount initially foreseen, as Berlin extends aid measures to mitigate impact of the COVID-19 pandemic on Europe’s biggest economy, lawmakers told Reuters on Friday.
ECB’s Villeroy says debt cancelation would be dangerous path
European Central Bank policymaker Francois Villeroy de Galhau has rejected suggestions that the institution should consider writing off the public debt it bought during the pandemic, saying to do so would backfire.
With debt heading for £2 trillion, Sunak will need to get imaginative about tax rises
It is clear from Rishi Sunak’s recent statements that he wants to defer any talk of tax rises until at least next year. The chancellor is minded to ignore the pressure from many of his own backbenchers to deal with the government’s spending deficit while the health crisis is still in full swing.
Coronavirus deepens Cambodia's loan crisis
Trapped under a mountain of crippling debt, Cambodian farmer Roeurn Reth fears she will have to sell her land to repay microfinance loans that have ballooned due to pandemic-spurred job losses in her family.
UK debt levels hit new highs not seen since 1960
The UK’s national debt hit a record £2.06 trillion at the end of September, up £259.6 billion in six months, according to new data from the Office for National Statistics (ONS).
Iran’s funds in Iraq over $5b: CBI
Iran’s Central Bank Governor Abdolnaser Hemmati said he is hopeful his visit to Baghdad on Monday and successful talks with Iraqi officials would enable Tehran to use more than $5 billion of its funds in the country.
Emerging economies plead for more ambitious debt relief programs
Government ministers of poor and indebted nations will this week appeal to their creditors for a much more ambitious debt relief effort as they grapple with the health care and economic consequences of the coronavirus pandemic.
German finance minister expects public debt to peak at 80% of GDP
Finance Minister Olaf Scholz said on Monday he expected public debt to reach around 80 percent of Germany’s economic output by the end of the coronavirus crisis, the level it reached at the end of the global financial crisis.
Iran urges UK to settle debt over undelivered tanks
The Iranian Defense Ministry urged the United Kingdom to take “practical and expeditious” steps to settle a staggering 40-year-plus debt to Tehran over tanks that London had been supposed to deliver to the country.

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