(October 27, 2003) "[The doctrine of ‘odious debt’] has two attractions. It relieves Iraqis from debt burdens undertaken by a hideous tyrant for hideous purposes, and it puts future creditors to other hideous tyrants on notice that such debts might go unpaid.
Other News Sources
Iraqi debt worse, says economics professor
(October 25, 2003) All international organizations said Saddam Hussein does not represent the people of Iraq." Then why should the Iraqis be held responsible for the loans he had taken, argues a leading Iraqi economics professor.
Kenya’s long slide into mass graft
(October 25, 2003) It was an innocuous enough note, pinned to the door of Lady Justice Sarah Ondeyo’s courtroom at the Milimani Commercial Courts in Nairobi.
Conference raises US$33B to help Iraq
(October 25, 2003) We have at least US$33-billion, of which US$25-billion is grants," said Marek Belka, a former Polish finance minister who is spearheading the fundraising efforts of the U.S.-led Provisional Authority in Baghdad.
Germany opposes cancelling Iraq’s debt
(October 24, 2003) "I rule out a complete cancellation of the debt," run up by former president Saddam Hussein’s regime and estimated at $130 billion (110 million euros), Heidemarie Wieczorek-Zeul, Minister for Cooperation and Development, said.
Scaling the Iraq debt mountain
(October 24, 2003) Why cancel Saddam’s debts and not those accumulated by former Congolese dictator Mobutu Sese Seko, to name just one notorious example. The US administration isn’t in favour of a blanket write-off either, but would like to see one in the case of Iraq.
Iraq’s huge debts haunt donor conference
(October 23, 2003) Iraq’s $100 billion plus debt was supposed to be off the agenda at a summit to raise money to rebuild the battered country, but it emerged on Thursday as one of the key issues hindering the fund raising effort.
Saddam’s evil debts
(October 23, 2003) Iraq’s outstanding loans were incurred without the population’s consent, as creditors likely were aware, and such ‘odious debt’ deserves to be forgiven.
Annan tells Iraq donors to dig deep
(October 23, 2003) About $50bn is needed to rebuild Iraq, aid officials say United Nations Secretary General Kofi Annan has called on the international community to "give and give generously".
Iraq debt casts a shadow over rebuilding plans
(October 22, 2003) Even a big debt write-off, which has been mooted, could still leave Iraq poor for many decades to come.
Controversial new report: Iraqi views on foreign debt and reparations
(October 22, 2003) As big powers gather, report indicates ‘unanimous’ Iraqi opposition to payment of Saddam’s ‘odious’ debts.
FT briefing: Iraq donors’ conference
(October 21, 2003) The US will discuss Iraq debt forgiveness with several countries on the fringes of the conference. The Paris Club estimates Iraq’s existing debts at $21bn.
Nations ponder Iraq’s ‘odious’ debt millstone
(October 21, 2003) Deep disagreement over Iraq’s crippling debt burden is expected to reanimate old quarrels and undermine progress at the Iraq donors conference, which meets for two days from Thursday in Madrid.
Sununu criticizes Iraq loan suggestion
(October 19, 2003) The United States should not ask Iraq to repay a portion of the proposed $87 billion for postwar expenses, U.S. Sen. John Sununu said Friday. It would send the wrong message to the Arab world and American allies, he said.
Bush cedes some control in Iraq
(October 18, 2003) Independent agency will oversee reconstruction spending.


