(December 4, 2003) Iraq’s debt has become a politicised issue and a means for countries like Germany and France which opposed the war to try to influence the reconstruction and political future of Iraq.
French official sees no quick Iraq debt reduction
(December 4, 2003) A senior French official said on Thursday that he does not see an easy way to quickly reduce some of Iraq’s huge $200 billion in outstanding debt because the U.S.-occupied land is not a sovereign country.
Odious Debts Online exclusive: Iraq’s Odious Debts
(December 4, 2003) New York Times op-ed, arguing the author was wrong to ignore the legal principle, illegitimate contracts need not be honored.
Saudis withhold money for Iraq
(December 3, 2003) Saudi Arabia will withhold the $1 billion (£582 million) in loans and credits that it pledged last month for Iraq’s reconstruction until the security situation is stabilised and a sovereign government takes office.
Pay the debt owed to the Iraqi people
(December 2, 2003) In a discussion paper published on its Web site, debt campaigner Jubilee South called for an investigation and audit of the alleged Iraqi debt. According to Jubilee South, the people of Iraq are not demanding handouts and debt relief but, rather, sovereignty and reparations.
Iraq urges quick debt rescheduling
(November 30, 2003) Iraq’s US-installed Governing Council has appealed to the international community to speed up the rescheduling of the towering debt accumulated by Saddam Hussein’s ousted regime.
McPherson addresses Iraq
(November 27, 2003) MSU president Peter McPherson after five months’ leave as the financial coordinator of ORHA/CPA in Iraq says, "We can’t have Iraqis paying for Saddam 25 years from now. To postpone the debt would be a geopolitical mistake."
Iraqi sovereign debt cancellation
(November 26, 2003) At the new session of the UK Parliament this week, Labour MP Barry Gardiner tabled an Early Day Motion on Iraqi debt. The text for the motion reads: "This House . . . concludes that Iraq’s debt is unsustainable; [and] further welcomes and supports Jubilee Iraq’s proposals for debt cancellation."
Schroeder calls for Iraq debt relief
(Sydney Morning Herald November 24, 2003) We have not forgotten what helped Germany after World War II. Without the Americans’ generous repayment plan, there would not have been reconstruction and an economic miracle in Germany.
Germany backs Iraq debt relief by Paris Club
(November 23, 2003) German Chancellor Gerhard Schroeder said Germany would endorse a reduction of Iraq’s debt to Germany, once Iraq’s security situation and political structure had improved.
U.S.’s Snow sees no threat of trade war over steel
(November 17, 2003) U.S. Treasury Secretary John Snow said he had a figure in mind for how much Iraqi debt should be forgiven.
U.S.’s Snow has figure in mind
(November 17, 2003) In Europe to discuss trade issues, U.S. Treasury Secretary John Snow told reporters he had a figure in mind for how much Iraqi debt should be forgiven. "It has to be a debt level that’s sustainable and that doesn’t cripple the country going forward, suffocate it,"
Opinion: Iraq’s debt
(November 14, 2003) The basis of the [odious debt] argument is not just moral and political: it is grounded on a century-old international legal doctrine that has been revived recently to deal with increased accountability for creditor complicity in shady lending practices.
Ex-Im Bank proposes to underwrite U.S. exports to Iraq
(November 13, 2003) Ex-IM president announces a $500m credit facility with the new Trade Bank of Iraq: "In order to have physical security and political stability, we must do something to enable Iraqis to realize their wealth more quickly."
IMF still discussing Iraqi debt
(November 9, 2003) The International Monetary Fund is still assessing how much of Iraq’s debts should be forgiven and what level of debt would be sustainable for the country scarred by years of war and isolation.


