Odious Debts

UNCC awards $377m reparations

by Jubilee Iraq
September 23, 2004
The Governing Council of the United Nations Compensation Commission (UNCC) has awarded a further $377 million in reparations against Iraq, reports debt campaigner Jubilee Iraq. The 53rd session of the commission brought Iraq’s reparations total to approximately $48.9 billion, of which $30.3 billion remains unpaid. Jubilee Iraq argues that while some of the reparations represent genuine damages, the Iraqi people should not have to pay for crimes committed by Saddam Hussein’s regime. Jubilee Iraq charges that the “reparations, like the odious debt, threaten not just the Iraqi people but the whole region.”

Categories: Odious Debts

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