Probe International

(July 23, 2003) Richard Perle called for a debt relief for Iraq as a way of teaching banks about the "moral hazard of … lend[ing] to a vicious dictatorship." Other countries with "odious debt" incurred under nasty regimes may be granted debt forgiveness. Why not Iraq?

(July 22, 2003) "American companies, connected to the Bush administration, […] will charge inflated costs, adding to Iraq’s debts and leaving it to the mercy of the World Bank and the IMF, which both serve America’s interests," says Dar Al-Hayat.

(July 21, 2003) Proposals in the U.S. Congress to deny requests for millions of dollars in debt relief to the Democratic Republic of Congo may compromise U.S. calls for other countries to write off debt owed by Iraq, debt campaigners say.

(July 20, 2003) In the words of U.S. Deputy Secretary of Commerce Samuel W. Bodman the matter with Iraq’s debts is a priority but these debts might be repaid following the revival of the Iraqi economy.

(July 16, 2003) Jordan announced yesterday it will use the Iraqi financial assets it has to pay due sums for the Iraqi traders who exported commodities to Jordan, and these assets to be returned back after fulfilling the due Iraqi debts to Amman.

(July 16, 2003) Iraq’s new governing council is sending a delegation to the Security Council on July 22, when the top U.N. envoy is to report on the world body’s role in postwar Iraq, U.N. officials and council diplomats said.