(October 1, 2003) If our European allies lent billions of dollars to Saddam Hussein, let them go collect from Saddam Hussein, said California Republican, Rep. Dana Rohrabacher.
Debt-relief proposal for Iraq receives a frosty reception
(September 30, 2003) A bipartisan congressional proposal to forgive the – odious debt – racked up by the former Iraqi regime is encountering resistance from two political entities that rarely find themselves in agreement: the House Democratic leadership and the White House.
US call to drop Iraq debt angers Kuwait
(September 29, 2003) Kuwaiti parliamentarians reacted angrily to a US suggestion the country drop demands for billions of dollars in war reparations owed by former foe Iraq, newspapers said yesterday.
US call to drop Iraq debt angers Kuwait MPs
(September 29, 2003) Kuwaiti parliamentarians reacted angrily to a US suggestion the country drop demands for billions of dollars in war reparations owed by former foe Iraq, newspapers said yesterday.
World Bank/IMF meeting focus on Iraq
(September 25, 2003) World Bank President James Wolfensohn told reporters that U.S.-published estimates ranging from $50 billion-$70 billion for Iraq’s reconstruction effort were "in the ball park."
Bremer seeks funds for Iraqi power grid
(September 25, 2003) “Think of what we would be asking Iraqis were we to suggest they fashion a new economy, a new democracy, while literally in the dark eight hours a day.” -L. Paul Bremer, administrator of the Coalition Provisional Authority.
Administration’s $87 billion Iraq plan hits more turbulence in Congress
(September 24, 2003) Rep. Dana Rohrabacher, R-Calif., said the result of the administration’s proposal would be for U.S. taxpayers to help repay debt that Saddam Hussein owed to European nations before his government was toppled.
Toppling of Saddam leaves debt questions to be solved
(September 24, 2003) Policymakers and debt watchers are considering a scheme that two economists have drawn up to eliminate lending to odious regimes, such as Saddam Hussein’s Iraq.
Global economic recovery underway: G-7
(September 24, 2003) Finance ministers and central bank chiefs from the Group of Seven creditor nations ended their one-day meeting in Dubai, urging all bilateral creditors to join them in canceling "100 percent of their eligible claims."
Senator Biden calls for Iraqi debt cancelation
(September 22, 2003) All the countries, all the countries, are going to have to engage in debt forgiveness for . . . this new country to have any possibility of getting off the ground.
Iraqi debt forgiveness urged
(September 22, 2003) "About 90 percent of Iraq’s potential, virtual debt is war-related . . . I cannot see how a country like Iraq can bear this burden," said Marek Belka, head of the Coalition Provisional Authority body raising money for Iraq’s reconstruction. "A serious, serious write off [is needed]," he added.
G7 leaders pledge to get solution for Iraqi debt by end of 2004
(September 21, 2003) U.S. Treasury Secretary John Snow welcomed the pledge, saying a solution was necessary "to help provide a sound footing for the future" of postwar Iraq.
G7 meeting endorses reform process of PNA
(September 21, 2003) Finance ministers of the world’s richest nations yesterday gave their endorsement to reform efforts by the Palestinian National Authority.
G7 seeks Iraq debt restructuring by end ’04
(September 20, 2003) Germany’s deputy finance minister Caio Koch-Weser said the Group of Seven wealthy nations wanted to reach a deal by the end of next year on restructuring Iraq’s massive debts.
Bickering over Iraq financing in play
(September 17, 2003) Another source of contention is the debt burden Iraq has accumulated under Saddam Hussein’s regime, which continues to bog down the country’s economy.