(February 11, 2005) Saddam Hussein used money western countries lent him mainly to arm himself, oppress his people, and build opulent palaces. So should his victims have to pay it back without knowing who lent the money and what the money financed?
(October 1, 2004) "What better way to demonstrate the power of democracy and the rule of law than to establish a precedent telling filthy financiers everywhere their money isn’t safe when they finance tyrants against their people."
(September 10, 2004) As the United States, the United Nations, and the Iraqi Governing Council struggle to determine what form Iraq’s next government should take, there is one question that, more than any other, may prove critical to the country’s future: how to handle its vast oil wealth.
(August 13, 2004) In a review of countries in protracted arrears to the IMF, the Fund said emergency post-conflict funding for Iraq would be approved once it had paid off an $80 million debt to the IMF.
(November 14, 2003) The basis of the [odious debt] argument is not just moral and political: it is grounded on a century-old international legal doctrine that has been revived recently to deal with increased accountability for creditor complicity in shady lending practices.
(October 23, 2003) Iraq’s outstanding loans were incurred without the population’s consent, as creditors likely were aware, and such ‘odious debt’ deserves to be forgiven.
(October 22, 2003) Debt relief groups have urged Iraq’s debtors to adhere to a 100-year-old legal principle to resolve Iraq’s debt crisis and assist reconstruction efforts when they meet tomorrow in Madrid.