(January 15, 2004) The Arab Monetary Fund (AMF) said yesterday it would try to help in the reconstruction of Iraq but stressed the conflict-hit country must pay its swelling debt which caused its suspension from the Fund 12 years ago.
U.S. officials consult IMF on Iraq debt
(January 15, 2004) John Snow and James A. Baker III briefed International Monetary Fund and World Bank officials on Baker’s efforts to persuade countries to forgive much of Iraq’s massive debt, officials at the lending institutions said Thursday.
Ease off on Iraq debt, finance ministers asks states
(January 13, 2004) Iraq’s finance minister on Tuesday urged countries to which Iraq owes billions of dollars to write down or even write off the debt to allow the country to recover from three wars and three decades of dictatorship.
U.S. turns attention to Arabs’ Iraq debt
(January 5, 2004) Under Saddam Hussein, Iraq called on its Arab neighbors to help supply and pay for arms for the war effort. Baghdad later insisted that the aid was in the form of grants, not loans, and therefore repayment was not required.
Czechs ready to write off one third of Iraq’s 157-million-dollar debt
(January 5, 2004) It is in our interest to help Iraq so the situation there stabilizes. Unless it does so, we will not see a single koruna," Prime Minister Vladimir Spidla said.
China mulls cutting, writing off Iraq’s debts
(December 29, 2003) China will consider cutting Iraq’s debts or writing them off out of humanitarian concern, state radio quoted Chinese Premier Wen Jiabao as saying on Monday.
Japan to write off majority of Iraq debt
(December 29, 2003) Japan would be prepared to eliminate the vast majority of its Iraqi debt if other Paris Club creditors are prepared to do so in the context of a Paris Club agreement," said a statement by Japan’s Foreign Ministry.
Iraqis want fair trial for Saddam by Iraqis, poll shows
(December 25, 2003) Most Iraqis consider former president Saddam Hussein a criminal for gassing his own people and attacking neighboring countries, yet they still believe he deserves a fair trial before Iraqi judges, according to poll results released Thursday in Baghdad. More than half the respondents said Saddam’s execution was the preferred outcome of any court proceeding.
Why did the West lend so much to Iraq?
(December 19, 2003) Iraq is swamped by more than $120 billion in debt that clouds its economic future. Where did it come from? Why did so many Western democracies, including the United States, lend so much money to President Saddam Hussein.
Factbox: Iraq’s foreign debt
(December 18, 2003) British Prime Minister Tony Blair joined the U.S., France, Germany and Italy on Thursday in calling for a "substantial reduction" of Iraqi debt using the framework of the Paris Club during the course of 2004.
Europe, the U.S. and Iraq
(December 18, 2003) The exact percentage of debt reduction that would constitute ‘substantial’ debt reduction is subject to future agreement between the parties.
Paris Club boss states prerequisites on Iraq debt
(December 18, 2003) Paris Club President Jean-Pierre Jouyet dismissed demands by non-governmental groups that Iraq’s debt be classified as "odious" debt contracted by an illegitimate leadership, a concept implying the debts would not even be considered as debts.
Paris Club process rapped by Iraq debt campaigners
(December 18, 2003) Campaigners who are calling for Iraq’s debts to be recognised as "odious" yesterday denounced the process under way to reduce Iraq’s debts, saying the country would still be saddled with huge repayments.
Iraq debt delief backing rises, hard work remains
(December 18, 2003) The Paris Club of creditor states can agree a debt relief deal for Iraq quickly but the agreement can be signed only when the country has an internationally recognized leadership.
France and Germany join U.S. in effort to reduce Iraq’s debt
(December 17, 2003) France and Germany agreed Tuesday to work with the United States toward a "substantial reduction" of Iraq’s towering foreign debt next year.