(May 19, 2003) This is the latest version of a draft resolution introduced by the United States in the U.N. Security Council. Britain and Spain are co-sponsors.

(May 19, 2003) The United States on Saturday secured a commitment from the world’s wealthiest nations and Russia not to demand that Iraq begin paying off its huge debts before 2005, easing the country’s path to recovery.

(May 19, 2003) China and Russia, two of five members of the UN Security Council with veto power, have expressed major reservations about the U.S. draft resolution on ending sanctions and also said the fate of the text depended on working out the debt problem.

(May 18, 2003) Iraq should not have to service its debts until the end of next year at the earliest, finance ministers of the leading developed economies agreed at their meeting in Deauville, France, at the weekend.

(May 18, 2003) According to German Minister of Finance, Hans Eichel, he and his G-8 colleagues agreed in Deauville, France on Saturday, that they are not going to relieve any of Iraq’s debt.

(May 15, 2003) Russia and, incidentally, its allies have found themselves in an awkward situation. For the sake of maintaining their reputation they should cancel Iraq’s debts and show the world that they are genuinely concerned about the fate of the Iraqi people.

(May 15, 2003) U.S. Treasury Secretary John Snow will ask finance ministers of the world’s major industrialized countries meeting May 17-18 in France to aggressively search for illegal assets of the Saddam Hussein regime and repatriate them to the Iraqi people.

(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.

(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.

(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.

(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.

(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.

(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.

(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."