(May 15, 2003) In an interview on Ekho Moskvy radio, Powell said some of Iraq’s debt will have to be refinanced or rescheduled but he said the new Iraqi government, when it comes into office, will "take into account" its debt obligations to Moscow.
Interview with U.S. Secretary of State Colin L. Powell on Echo Moskvy Radio
(May 15, 2003) This is the U.S. State Department’s transcript of an interview U.S. Secretary of State Colin L. Powell gave on Echo Moskvy Radio in Moscow, Russia.
Colin Powell: Iraq will recognize its debt to Russia
(May 15, 2003) U.S. Secretary of State Colin Powell expressed confidence that a new Iraqi government will recognize Iraq’s debts to Russia in full.
Iraq’s Odious Debts
(May 15, 2003) There’s a silver lining to the war in Iraq, it is this: The arms merchants who supplied Saddam Hussein’s military machine will not berepaid. The foreign financiers who financed Saddam Hussein’s undemocratic regime will not be repaid.
UN: Process under way to deal with Iraq’s massive debt burden
(May 14, 2003) Before Iraq’s oil revenues can be used for reconstruction […] Iraq’s massive debt burden must be addressed. The draft resolution under consideration in the council contains some provisions that could signal how the issue will be resolved.
$495M in Iraqi assets found in Lebanon
(May 14, 2003) Lebanon’s central bank has located and secured $495 million (U.S.) in Iraqi funds, a U.S. Treasury official said at congressional hearings on efforts to trace the billions of dollars that Saddam Hussein is thought to have hidden away.
U.S. ”hasn’t demanded remission” of Iraq’s debt to Bulgaria
(May 13, 2003) Bulgaria have not been demanded to discount the debt of Iraq, the country’s foreign minister said commenting on talk that the U.S. wants Iraqi debt remitted.
Soros wants Iraq’s loans voided
(May 13, 2003)"I personally would be very happy to see the old creditors of Iraq not getting paid," Soros told a gathering at the CSIS. "That would send a signal to the financial markets that it’s dangerous to deal with oppressive regimes."
Can the ‘odious debts’ incurred by leaders like Saddam be forgiven?
(May 13, 2003) At the G-8 summit the United States will press for the forgiveness of Saddam Hussein’s state debts, on the ground that since that money was not borrowed on behalf and for the benefit of Iraq’s people, Iraq’s people should not have to repay it.
Suspension of Iraqi debt repayment eyed
(May 12, 2003) The government of Japan is considering allowing Iraq to temporarily suspend repayment of public-sector foreign debts accumulated under the regime of Saddam Hussein, sources said.
US resolution: It’s what’s missing that matters
(May 11, 2003) Additional sweeteners are also offered to France and Russia […]: The American resolution promises them that Iraq’s debts, incurred by Saddam, will still be honoured by any new Baghdad government.
What monetary regime for post-war Iraq?
(May 9, 2003) The post-war Iraqi situation appears to be one of a heavily indebted oil-exporting country, more similar to Venezuela than to Saudi Arabia. Moreover, the cost of rebuilding Iraq after the war is likely to place further burdens on its public finance.
What to do with Iraq’s ‘most wanted’
(May 8, 2003) German society in the immediate post-Hitler era lacked the legitimacy to judge the Nazis… As the primary victim of Saddam’s regime, the people of Iraq have all the legitimacy they need to try their oppressors.
Make odious debt too risky to issue
(May 8, 2003) Iraq can make a strong case that Mr Hussein borrowed without the consent of the Iraqi people and then spent much of the money to finance violence and repression. Hence, Iraq might argue, the debt is illegitimate.
Iraq’s [US]$326 billion debt, war claims may complicate rebuilding
(May 8, 2003) Negotiations — covering sovereign debt owed to such nations as Russia, Poland, Egypt and Germany as well as claims from Iraq’s 1990 invasion of Kuwait — may hinder Iraq’s reconstruction, according to Robert Hormats.