(December 1, 2004) Foreign Minister Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah said Kuwait’s decision to write-off some of Iraq’s debt would go in harmony with the Paris Club’s recent decision.
Kofi Annan must go
(December 1, 2004) It’s time for U.N. Secretary-General Kofi Annan to resign.
Iraq seeks debt-relief deal with its Arab neighbours
(December 1, 2004) We expect our Arab brothers will give us the highest reduction rate," said Adel Abd al-Mahdi, Iraq’s Finance Minister. "Any negotiations should start with the 80 per cent rate.
Global guidelines seek to ease trauma of default
(November 29, 2004) Argentina’s debt issues serve as catalyst for change.
Lahmeyer International in court again for bribing Highlands Water project official
(November 29, 2004) Found guilty by the Lesotho High Court of bribing the former chief of the Lesotho Highlands Development Authority two years ago, international construction company, Lahmeyer International, has been back in court on another case of bribery.
Russia to write off half of Iraq debt, minister says
(November 29, 2004) Russia will write off half of Iraq’s debt to the country in two stages starting next year, Finance Minister Alexei Kudrin said. Iraq owes Russia between $700 million to $1 billion and the precise amount is being worked out, he said.
Russia slashes $9 billion from Iraq debt
(November 29, 2004) Russia will slash at least $9.5 billion of Iraq’s debt to Moscow, Interfax news agency reported Monday.
On odious debts, the Paris Club, and reparations
(November 28, 2004) Following our first announcement released March 8, 2003 after the re-activation of our union, we demanded a development plan to help kick-start the Iraqi economy. At that time, our union confirmed that an essential prerequisite for such a plan to succeed was the cancellation of debt and reparation claims against the Iraqi people.
The Paris Club deal is not the end of the haggling over Iraqi debt
(November 27, 2004) Generous or not, the deal owed nothing to the notion that Iraq’s debts were "odious", incurred by a tyrannical government and therefore unworthy of repayment.
Iraq wants more than 80% scrap of debts
(November 27, 2004) Iraqi Minister of Planning Mehdi Hafez said his country is unhappy with the decision of the Paris Club to waive only 80 percent of Iraq’s debts.
Russia expects ‘understanding’ from Paris Club after cancelling Iraq debt
(November 26, 2004) After supporting the Paris Club decision to write off 80 per cent of Iraq’s debt, Russia expects to come to a "mutual understanding" concerning its debt to the Paris Club.
Russia will write off 90 percent of Iraq debt: Putin
(November 25, 2004) Russian President Vladimir Putin announced Moscow had committed itself to writing off 90 percent of Iraq’s debts, more than the 80 percent of forgiveness agreed by the Paris Club of sovereign debtors.
Argentina delays debt swap launch to Jan. 17
(November 24, 2004) Argentina said it will put off launching its record $102.6 billion debt restructuring from next week until Jan. 17 due to delays abroad in approving the debt swap proposal.
Russia will gain nothing from writing off Iraq’s debt
(November 23, 2004) By agreeing to forgive 80% of Iraq’s debt, Russia has gained nothing and Russia’s chances of securing access to Iraq’s mineral wealth look very bleak, say experts.
Debt relief weighed down by IMF burden
(November 23, 2004) Rich nations’ decision to forgive part of Iraq’s debt will help the occupied country but also saddle it with a burdensome economic programme that threatens to take decision-making power from Iraqis and put it in the hands of IMF officials, say critics.
Probe International 