(November 7, 2003) The group aims to reach an agreement with Baghdad by the end of 2004, the deadline of its official moratorium on Iraq’s payments, a person close to the Paris Club told Friday’s Wall Street Journal.
Make Baghdad pay
(November 6, 2003) The New York Times posted an amendment to an opinion editorial published on Nov. 4 by Mark Medish, who wrote Iraq should repay its foreign debts and negotiate "an orderly, market-friendly debt repayment schedule based on financial analysis; and encourage creative solutions, including debt swaps." What the article didn’t disclose at the time of publication was that Mr. Medish, an international lawyer and former Treasury official, represents corporations that are owed money by Iraq.
Bulgaria’s $1m aid to Iraq
(November 6, 2003) But Bulgaria is not ready to cancel Iraq’s debt. "Every government represents the same country, no matter when or how it accumulated its debts, and this is a principle which must be complied with." – Foreign Minister Solomon Passi.
Bremer plans to enlarge, refocus Iraq occupation authority
(November 6, 2003) Bremer also intends to devote more attention to reducing Iraq’s debt . . . Bremer is considering several options to address the issue, including asking Bush to appoint a senior official to engage in negotiations with foreign governments.
Relief for Iraq
(October 31, 2003) Clearly, some form of major relief for Iraq should be granted. Saddling the country with a burdensome debt is no way to get the first genuine Arab democracy off the ground.
Who will rebuild Iraq?
(October 31, 2003) The Russians are represented in Madrid, but they are there only to insist that any new, democratic Iraq repay the $3.4 billion they lent Saddam to buy MiGs and other Soviet-era weaponry. No wonder they are called Odious Debts.
Iraq business deals may be invalid, law experts warn
(October 30, 2003) The US-led provisional authority in Iraq may be breaking international law by selling state assets, experts have warned, raising the prospect that contracts signed now by foreign investors could be scrapped by a future Iraqi government.
Don’t let Iraq debt break the bank
(October 27, 2003) As a child living in Kuwait during the first month of the Iraqi invasion . . . the most predominant memories are that of adolescents and senior citizens dressed in camouflage and toting AK-47’s, none of whom wanted to be there.
Berlin says no Iraq debt forgiveness, freeze possible
(October 27, 2003) A complete debt forgiveness by the German government can scarcely be considered," government spokesman Thomas Steg told a news conference in Berlin.
Madrid marks a milestone in Iraq’s reconstruction
(October 27, 2003) What Iraq needs is a Marshall Plan. That is, an international effort, that – just as the Marshall Plan did for many European countries after World War II – restores Iraq to the position it enjoyed before Saddam Hussein decided to wage war on Iran.
Indebted to Saddam
(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.
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.
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.