(December 5, 2003) U.S. President George Bush appoints longtime family friend and troubleshooter to be his personal envoy in seeking an international deal to lower and refinance Iraq’s staggering foreign debt.
Iraq strives to escape $200 billion debt trap
(December 4, 2003) Iraq’s debt has become a politicised issue and a means for countries like Germany and France which opposed the war to try to influence the reconstruction and political future of Iraq.
French official sees no quick Iraq debt reduction
(December 4, 2003) A senior French official said on Thursday that he does not see an easy way to quickly reduce some of Iraq’s huge $200 billion in outstanding debt because the U.S.-occupied land is not a sovereign country.
Canada’s prime minister tells African countries to crack down on corruption while winking at it at home
(December 4, 2003) Canadian Prime Minister Jean Chretien this week told African leaders that they must tackle corruption and government mismanagement to attract foreign investment.
Odious Debts Online exclusive: Iraq’s Odious Debts
(December 4, 2003) New York Times op-ed, arguing the author was wrong to ignore the legal principle, illegitimate contracts need not be honored.
PM tells African leaders: clean up corruption
(December 4, 2003) In a blunt message to African leaders, [Canadian] Prime Minister Jean Chrétien said they must tackle corruption and government mismanagement to attract foreign investment.
Saudis withhold money for Iraq
(December 3, 2003) Saudi Arabia will withhold the $1 billion (£582 million) in loans and credits that it pledged last month for Iraq’s reconstruction until the security situation is stabilised and a sovereign government takes office.
Pay the debt owed to the Iraqi people
(December 2, 2003) In a discussion paper published on its Web site, debt campaigner Jubilee South called for an investigation and audit of the alleged Iraqi debt. According to Jubilee South, the people of Iraq are not demanding handouts and debt relief but, rather, sovereignty and reparations.
Iraq urges quick debt rescheduling
(November 30, 2003) Iraq’s US-installed Governing Council has appealed to the international community to speed up the rescheduling of the towering debt accumulated by Saddam Hussein’s ousted regime.
McPherson addresses Iraq
(November 27, 2003) MSU president Peter McPherson after five months’ leave as the financial coordinator of ORHA/CPA in Iraq says, "We can’t have Iraqis paying for Saddam 25 years from now. To postpone the debt would be a geopolitical mistake."
Millions risked on BAE contract
(November 27, 2003) Taxpayers’ money used to underwrite massive arms deal with shaky Saudi government.
Iraqi sovereign debt cancellation
(November 26, 2003) At the new session of the UK Parliament this week, Labour MP Barry Gardiner tabled an Early Day Motion on Iraqi debt. The text for the motion reads: "This House . . . concludes that Iraq’s debt is unsustainable; [and] further welcomes and supports Jubilee Iraq’s proposals for debt cancellation."
Spie Batignolles next in line for Lesotho prosecution
(November 25, 2003) The prosecution of multinational companies on charges of corruption relating to the Lesotho Highlands Water Project is quietly continuing.
Mulford: A devotee of debt swap
(November 24, 2003) The U.S. Ambassador to India agrees that Iraq’s debt should be "forgiven," but questions the Paris Club’s forgiveness route.
Schroeder calls for Iraq debt relief
(Sydney Morning Herald November 24, 2003) We have not forgotten what helped Germany after World War II. Without the Americans’ generous repayment plan, there would not have been reconstruction and an economic miracle in Germany.


