Iraq External Debt: DOD: Stocks: Concessional

Iraq External Debt: DOD: Stocks: Concessional data was reported at 3.784 USD bn in 2022. This records an increase from the previous number of 3.717 USD bn for 2021. Iraq External Debt: DOD: Stocks: Concessional data is updated yearly, averaging 3.359 USD bn from Dec 2015 (Median) to 2022, with 8 observations. The data reached an all-time high of 4.108 USD bn in 2020 and a record low of 2.178 USD bn in 2015. Iraq External Debt: DOD: Stocks: Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank.IDS: External Debt: Debt Outstanding, Debt Ratio and Debt Service: Annual. Concessional external debt conveys information about the borrower's receipt of aid from official lenders at concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. Long-term debt outstanding and disbursed is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. Data are in current U.S. dollars.

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