(December 21, 2005) The restructuring of Iraq’s outstanding debt is entering a pivotal stage. However, not everybody is pleased with a process that has been moving ahead at a rapid speed.

(December 20, 2005) Hyundai Engineering and Construction will accept a debt write-off proposal and collect only 20 percent of bonds it has been owed by Iraq since the first Gulf War 16 years ago.

(December 19, 2005) Austria has announced it has cancelled the equivalent of $2.1 billion of Iraqi debt, amounting to 80% of Austria’s claims towards Iraq.

(December 14, 2005) Only after occupation can the U.S. begin to make good on outstanding U.S. obligations to the people of Iraq – including compensation for the years of sanctions, reparations for the devastation of war, and cancellation of odious debt.

(December 10, 2005) When Saddam Hussein grabbed power in 1979, Iraq had no long-term foreign debt. Cash reserves were $36 billion. Iraq had high literacy and public universities; it had extensive socialized health care. It was becoming a "first world" nation. Soon, however, this violent, cunning despot began squandering that wealth.

(November 30, 2005) The World Bank has approved a $100 million loan to Iraq to help reduce overcrowding in the country’s schools.

(November 24, 2005) The government of Japan has released Iraq from $6.1 billion of the $7.6 billion owed to it.

(September 17, 2005) In his address to the recent United Nations world summit in New York, Iraqi Prime Minister Ibrahim Jafary urged creditor nations to cancel Iraqi external debt “accumulated by the corrupt policies of the previous regime.”

(September 16, 2005) The first phase of Iraq’s debt restructuring to repurchase and cancel, at a discount, Saddam-era claims held by commercial creditors is complete.

(September 16, 2005) The first phase of Iraq’s debt restructuring to repurchase and cancel, at a discount, Saddam-era claims held by commercial creditors is complete.