(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.
Kein Schuldenerlaβ für Irak
(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.
A new Paris Club approach to debt restructuring
(May 17, 2003) The Paris Club of official creditors is a central element of the existing framework for crisis resolution. In the context of the current efforts to make the resolution of crises more orderly, timely and predictable, the Paris Club can make a contribution.
The delicate debt problem
(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.
Snow to ask for repatriation of Iraqi assets at G-8 meeting
(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.
Russia: Powell says Iraq’s debt to Moscow will be ‘taken into account’
(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.
Our record of accomplishment in fighting Odious Debts
(May 15, 2003) Some of Probe International’s accomplishments in fighting Odious Debts during the last decade.
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.
Paying for apartheid
(May 15, 2003) Two major lawsuits – filed in the United States against multinational corporations including GM, IBM and Citigroup for aiding and abetting apartheid – are at a critical juncture.
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."
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