(June 21, 2009) Iraq will continue to press its neighbours and the world to forgive billions of dollars in debt accured by former Iraqi president Saddam Hussein, an Iraqi lawmaker said Sunday.
(June 12, 2009) The portfolio manager of Templeton Global Bond Fund, Michael Hasenstab, says he’s investing in Iraqi bonds rather than treasuries, U.K. gilts or Japanese bonds. He believes the massive amount of debt occured by the U.S. and other governments over the past year will drive up inflation, weaken their currencies and hamper economic growth.
(September 27, 2008) Patricia Adams speech, Furman University, Department of Economics,
“The Odious Debt Doctrine and Iraq After Saddam.”
(May 15, 2008) During the long years of Saddam Hussein’s rule in Iraq, economic data were treated as top national secrets, and the revelation of such data to unauthorized persons could bring the death penalty.
(December 28, 2007) Martin Weiss, an analyst with the Congressional Research Service, the public policy research arm of the U.S. Congress, has published an updated paper about the treatment of Iraq’s debts by creditor nations following the fall of Saddam Hussein.
(October 20, 2007) In November 2004, Paris Club creditors canceled an unprecedented 80% of the debts they had lent to the regime of Saddam Hussein, catapulting the development of the Doctrine of Odious Debts forward. Now, legal scholars are identifying the many legal principles and precedents supporting lender liability and ensuring that odious debts are never created again.
(August 11, 2007) The real problem is that the holders of Iraq’s old foreign debt don’t want it subordinated to a mortgage secured by oil revenues.
(March 8, 2007) Corruption in Iraq is now worse than it was during Saddam Hussein’s regime, the Chairman of Iraq’s Commission on Public Integrity (CPI), Radhi Hamza al-Radhi, said in an interview published by the Arabic-language Asharq Alawsat newspaper. "There are eight ministers and 40 general directors against whom corruption charges have been brought and they [have] all fled abroad," he said.
(December 14, 2005) Only after occupation can the U.S. begin to make good on outstanding U.S. obligations to the people of Iraq – including compensation for the years of sanctions, reparations for the devastation of war, and cancellation of odious debt.
(September 17, 2005) In his address to the recent United Nations world summit in New York, Iraqi Prime Minister Ibrahim Jafary urged creditor nations to cancel Iraqi external debt “accumulated by the corrupt policies of the previous regime.”
(August 15, 2005) U.N. Secretary-General Kofi Annan on Monday ordered the entire procurement division of the United Nations – a multi-billion-dollar operation – to be investigated.
(June 1, 2005) International social justice activists are gathering in Geneva, Switzerland from June 15 to June 30 to demand economic justice for Iraqi citizens, reports the London-based debt campaigner Jubilee Iraq.
(March 11, 2005) Debt campaigners called on Iraqi creditor nations this week to make details of claims against Iraq public, so citizens of Iraq and the creditor countries concerned could assess the legitimacy of funding provided to the former regime of Saddam Hussein.
(November 22, 2004) Patricia Adams, executive director of Probe International, writes: "Most debts created by Saddam Hussein in the name of the Iraqi people would qualify as ‘odious’ according to the international Doctrine of Odious Debts.
(November 1, 2004) It’s hard to justify asking an oppressed people to pay debts incurred by a tyrant in the process of oppressing them.