Iraq's credit rating lifts with final reparations payment to Kuwait
Iraq paid Kuwait a final installment of war reparations more than 31 years after the invasion of Kuwait, which may free up funds for new domestic projects.
Iraq's economic situation in 2022 should benefit from Baghdad's paying the final installment of compensation to Kuwait for the invasion of 1990.
On Dec. 22, the Central Bank of Iraq announced the final payment to Kuwait, amounting to $52.4 billion, more than 31 years after the invasion of Kuwait.
