Iraq's external public debt has fallen to $20 billion, the state news agency (INA) reported on Saturday, citing the prime minister's adviser for financial affairs.
Mudher Mohammad Saleh stressed that 2022 will be free of financial hardships and financing restrictions.
Iraq’s economy and oil sector have been battered by years of wars, sanctions and a stubborn insurgency.
Iraq's foreign debt was $133 billion in September 2020.
Iraq, which relies on oil to fund 95% of its 2021 national budget, plans to increase oil exports to 3.4 million barrels per day in the first quarter of 2022.
