(December 22, 2005) Switzerland has announced it has cancelled the equivalent of $US230 million of Iraqi debt, amounting to 80% of its claims towards Iraq.
(December 21, 2005) Korean construction and shipping companies have agreed to write off up to 80 percent of outstanding debts on contracts signed with the Iraqi government in the ’70s and ’80s.
(December 21, 2005) The restructuring of Iraq’s outstanding debt is entering a pivotal stage. However, not everybody is pleased with a process that has been moving ahead at a rapid speed.
(December 20, 2005) Hyundai Engineering and Construction will accept a debt write-off proposal and collect only 20 percent of bonds it has been owed by Iraq since the first Gulf War 16 years ago.
(December 19, 2005) Austria has announced it has cancelled the equivalent of $2.1 billion of Iraqi debt, amounting to 80% of Austria’s claims towards Iraq.
(December 14, 2005) Only after occupation can the U.S. begin to make good on outstanding U.S. obligations to the people of Iraq – including compensation for the years of sanctions, reparations for the devastation of war, and cancellation of odious debt.
(December 10, 2005) When Saddam Hussein grabbed power in 1979, Iraq had no long-term foreign debt. Cash reserves were $36 billion. Iraq had high literacy and public universities; it had extensive socialized health care. It was becoming a "first world" nation. Soon, however, this violent, cunning despot began squandering that wealth.
(November 30, 2005) The World Bank has approved a $100 million loan to Iraq to help reduce overcrowding in the country’s schools.
(November 25, 2005) BJP wants Sonia and Natwar Singh to resign.
(November 25, 2005) What’s good for Iraq must surely be good for Nigeria too.
(November 24, 2005) The government of Japan has released Iraq from $6.1 billion of the $7.6 billion owed to it.
(November 18, 2005) A North Carolina man who was charged with accepting kickbacks and bribes as a comptroller and financial officer for the American occupation authority in Iraq was hired despite having served prison time for felony fraud in the 1990’s.
(November 18, 2005) One of France’s most distinguished diplomats has confessed to an investigating judge that he accepted oil allocations from Saddam Hussein.
(September 17, 2005) In his address to the recent United Nations world summit in New York, Iraqi Prime Minister Ibrahim Jafary urged creditor nations to cancel Iraqi external debt “accumulated by the corrupt policies of the previous regime.”
(September 17, 2005) Iraqi Prime Minister Ibrahim Jafary urged creditor nations to cancel Iraq’s external debt in order for Iraq to rejoin the international community, "be an asset," "participate in promoting world security," and "face the challenges of terrorism."