(November 29, 2004) Russia will slash at least $9.5 billion of Iraq’s debt to Moscow, Interfax news agency reported Monday.
On odious debts, the Paris Club, and reparations
(November 28, 2004) Following our first announcement released March 8, 2003 after the re-activation of our union, we demanded a development plan to help kick-start the Iraqi economy. At that time, our union confirmed that an essential prerequisite for such a plan to succeed was the cancellation of debt and reparation claims against the Iraqi people.
The Paris Club deal is not the end of the haggling over Iraqi debt
(November 27, 2004) Generous or not, the deal owed nothing to the notion that Iraq’s debts were "odious", incurred by a tyrannical government and therefore unworthy of repayment.
Iraq wants more than 80% scrap of debts
(November 27, 2004) Iraqi Minister of Planning Mehdi Hafez said his country is unhappy with the decision of the Paris Club to waive only 80 percent of Iraq’s debts.
Russia expects ‘understanding’ from Paris Club after cancelling Iraq debt
(November 26, 2004) After supporting the Paris Club decision to write off 80 per cent of Iraq’s debt, Russia expects to come to a "mutual understanding" concerning its debt to the Paris Club.
EU watchdog exposes international aid fraud
(November 26, 2004) The 25-nation bloc is one of the world’s largest aid donors and in its annual report, published on Friday, OLAF said the EU’s humanitarian and development aid to third countries was a victim of “complex and well-organised” financial fraud.
Russia will write off 90 percent of Iraq debt: Putin
(November 25, 2004) Russian President Vladimir Putin announced Moscow had committed itself to writing off 90 percent of Iraq’s debts, more than the 80 percent of forgiveness agreed by the Paris Club of sovereign debtors.
Argentina delays debt swap launch to Jan. 17
(November 24, 2004) Argentina said it will put off launching its record $102.6 billion debt restructuring from next week until Jan. 17 due to delays abroad in approving the debt swap proposal.
Russia will gain nothing from writing off Iraq’s debt
(November 23, 2004) By agreeing to forgive 80% of Iraq’s debt, Russia has gained nothing and Russia’s chances of securing access to Iraq’s mineral wealth look very bleak, say experts.
Debt relief weighed down by IMF burden
(November 23, 2004) Rich nations’ decision to forgive part of Iraq’s debt will help the occupied country but also saddle it with a burdensome economic programme that threatens to take decision-making power from Iraqis and put it in the hands of IMF officials, say critics.
Resolution prepared for the Iraqi National Assembly
(November 22, 2004) The Iraqi National Assembly has agreed to support a recommendation by its Economic and Financial Committee (EFC) to repudiate the odious debts incurred by Saddam Hussein.
Stop financing dictators
(November 22, 2004) Debt forgiveness for Iraq demonstrates how foolhardy it is to lend money to tyrants.
Paris Club drops 80 pct of Iraq debt it owed
(November 22, 2004) The Paris Club of creditor nations have agreed to cancel 80 percent of the debt Iraq owes its members, ending a trans-Atlantic dispute and probably setting the framework for debt pardons from other creditors.
Nations agree to cancel 80 percent of Iraq’s debt
(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.
Major creditors in accord to waive 80% of Iraq debt
(November 22, 2004) The world’s leading industrial nations agreed Sunday to cancel 80 percent of the nearly $39 billion debt owed them by Iraq, a critical step in rebuilding the country’s devastated economy and an important precedent for its other creditors to follow.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
Other News Sources
Probe International 