(September 14, 2004) The Paris Club of creditor nations didn’t arrive at a consensus on the exact amount of Iraq’s debt to be canceled, but agreed in principle to an individual treatment of the debt cut.
(September 10, 2004) Iraq is crippled by debt. The country’s oil wealth was squandered by Saddam’s regime on arms and personal enrichment; today it is looted to pay for occupation. Such odious debt must be cancelled.
(September 10, 2004) As the United States, the United Nations, and the Iraqi Governing Council struggle to determine what form Iraq’s next government should take, there is one question that, more than any other, may prove critical to the country’s future: how to handle its vast oil wealth.
(September 9, 2004) Iraqi President Ghazi Al-Yawar began a European tour Wednesday in Germany voicing optimism that elections in his country would go ahead by the end of January as scheduled and appealing for more help with debt relief.
(September 9, 2004) Iraqi President Ghazi al-Yawer renewed calls for a big write-off of his country’s massive foreign debt at talks Thursday with German leaders in Berlin.
(September 9, 2004) The International Monetary Fund says Iraq could have an IMF-backed economic program with financing in place by the end of 2004 following "good progress" made in talks last week in Paris.
(September 9, 2004) The United States’ campaign for a rapid write-off of almost all of Iraq’s foreign debt is going nowhere for now, sources say.
(September 7, 2004) His Majesty King Abdullah on Monday said Jordan will continue supporting international efforts to help rebuild Iraq and reduce its foreign debt.
(September 2, 2004) Giving Iraq a real chance to recover also requires a clean break with the financial legacy of the Baathist regime not full and total repudiation, but a significant write-off of debt and war reparations obligations
(September 1, 2004) Britain yesterday committed £50 million ($90m) in specific bilateral aid projects for war-torn Iraq from a total 544 million package that London has pledged to spend by March 2006.
(August 30, 2004) The new U.S. ambassador to Iraq wants to shift more than $3 billion in U.S. aid away from reconstruction to security, and proposes the U.S. forgive $360 million of Iraq’s debt in the hope other countries will follow suit.
(August 30, 2004) Senator John Edwards said a Kerry-Edwards U.S. administration would bring other nations into the postwar effort by asking them to forgive Iraq’s debt and help rebuild the war-ravaged economy.
(August 26, 2004) It was supposed to be oil for food in Iraq, but the largest humanitarian program ever launched by the United Nations turns out to have been grease for friends – Saddam Hussein’s friends.
(August 26, 2004) Two European banks were yesterday accused by the US Treasury Department of helping Saddam Hussein launder money stolen from the UN oil-for-food programme.
(August 25, 2004) Interim Prime Minister Iyad Allawi called for Iraq’s national debt – the highest in the world as a percentage of GDP – to be largely forgiven "so that future generations of Iraqis are not made to suffer for the wrongs of the Saddam regime.