Probe International

(June 15, 2003) "Because Saddam was there for so long and his policies were known, no-one can claim there was a surprise. No-one who handed over the money has any excuse," says leading Pentagon adviser Richard Perle.

(June 13, 2003) Iraq’s outstanding debts to foreign governments [Paris Club members] are estimated at about $30 billion, Hiroshi Watanabe, director-general of the Japanese Finance Ministry’s International Bureau, said Thursday.

(June 13, 2003) James D. Wolfensohn, President of the World Bank, said "There will be significant pressure to deal with the question of debt and there will have to be some form of debt reduction."

(June 13, 2003) Iraq’s outstanding debts to foreign governments ?19 creditor nations known as the Paris Club ?are estimated to be around US$30 billion, a Japanese business official announced Thursday.

(June 12, 2003) Richard Perle, the influential Pentagon adviser, on Wednesday called for the complete forgiveness of Iraqi national debt, an act which would teach banks the risks of lending to a "vicious dictatorship".

(June 12, 2003) Richard Perle, the influential Pentagon adviser, on Wednesday called for the complete forgiveness of Iraqi national debt, an act which would teach banks the risks of lending to a "vicious dictatorship".

(June 12, 2003) Iraqi former finance ministry director general, Fayek Abdel Rasul, estimates Iraq’s foreign worth at more than US$18 billion. The assets were distributed in several foreign banks and as much as US$7 billion had been frozen.

(June 11, 2003) One of the hottest issues of Bulgaria’s international policy – the Iraqi debt – depends entirely on the pace of the reconstruction in the crisis region, the country’s Deputy Foreign Minister Petko Draganov said.

(June 11, 2003) Sinan M. Ridha al-Shabibi, consultant to the United Nations Conference on Trade and Development, says Iraq has a case for debt forgiveness: "Iraq’s exceptional case derives from the sanctions and wars and poverty which it has suffered."

(June 11, 2003) The redemption of a US$1.7 billion debt Iraq owes to Bulgaria will depend on the Arab country’s post-war recovery, Bulgaria’s Deputy Foreign Minister Petko Draganov said.

(June 11, 2003) Sinan M. Ridha al-Shabibi, consultant to the United Nations Conference on Trade and Development, says Iraq has a case for debt forgiveness: "Iraq exceptional case derives from the sanctions and wars and poverty which it has suffered.