Category: Iraq’s Odious Debts

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.

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.