(July 2, 2004) It is hard to argue against debt relief for struggling economies but experts say US efforts to forgive most of Iraq’s $120 billion would be a slap in the face for nations still paying old dictators’ bills.

(July 7, 2004) Iraq’s massive debt could badly hinder efforts to rebuild the nation’s economy, its finance minister warned Wednesday.

(June 3, 2004) Australia will forgive the majority of a $500 million debt owed by Iraq for wheat purchases as it looks to rebuild one of its most important markets for grain, Trade Minister Mark Vaile said yesterday.

(June 3, 2004) The leaders of the Group of Eight industrial nations next week are expected to welcome OPEC’s decision to raise oil output and will discuss reducing Iraq’s debt burden, a European diplomatic source told Reuters. The diplomatic source, who asked not to be identified, said: "On the economic front, the heads of state and government will concentrate overall on Iraq’s debt. The percentage to cancel and restructure will be in a range of 60 to 90 percent."

(June 3, 2004) A detailed analysis of Saddam Hussein’s secret money-laundering techniques shows here for the first time how he used the same offshore money launderers as Osama bin Laden.