(June 22, 2003) An international Iraqi debt commission of financial "wise men" should be established to examine all claims and to disallow debt used for state security or military aggression, write David Mulford and Michael Monderer.
IMF has not worked out its stance on settlement of Iraqi foreign debt
(June 20, 2003) The International Monetary Fund (IMF) has not formulated its position concerning the settlement of the Iraqi foreign debt, said IMF deputy managing director Ann Krueger at a press conference.
U.S. seeks regional cooperation for vision of Middle East prosperity
(June 19, 2003) Iraq’s "debt issue as such" will not be covered at the upcoming World Economic Forum in Amman later this month, says U.S. Under Secretary of State for Economic, Business and Agricultural Affairs, Alan Larson.
Lesotho Judge Convicts German Engineering Firm of Bribery Charges
(June 18, 2003) "Like the Acres’ verdict before it, the judgment against Lahmeyer throws into doubt the legitimacy of these companies’ involvement in other large dam projects throughout the world," says Ryan Hoover of International Rivers Network.
Maloney, Leach introduce H.R. 2482 (Iraqi Freedom from Debt Act)
(June 18, 2003) "There is a powerful moral case for relieving the Iraqi people of the debts incurred by Saddam’s murderous regime." says Rep. Carolyn Maloney.
Germans guilty of bribery
(June 17, 2003) Lesotho High Court Judge Gabriel Mofolo found Lahmeyer, a German engineering company, guilty on seven counts for paying R5.9m in bribes to Lesotho Highlands Development Authority former chief executive Masupha Sole over a six year period.
German company guilty of bribery
(June 17, 2003) Lesotho High Court Judge, Gabriel Mofolo, found Lahmeyer, a German engineering company, guilty on seven counts for paying R5.9m in bribes to Lesotho Highlands Development Authority former chief executive, Masupha Sole, over a six year period.
US lawmakers introduce bill to cut Iraq’s debt
(June 17, 2003) Two U.S. lawmakers on Tuesday introduced a bill that would require the United States to persuade Iraq’s creditors, including the World Bank, IMF, France and Russia, to cancel or reduce the Iraqi debt.
Larson previews Economic Forum meeting in Jordan
(June 17, 2003) "I do expect that when the analysis of the numbers has been completed and the analysis of Iraq’s capacity to pay has been undertaken, that it will be necessary to have very significant debt relief for Iraq." says Alan Larson, Under Secretary of State.
Iraq’s debt
(June 16, 2003) "Instead of embarking on a theological discussion of whether the debt contracted by Saddam Hussein is legitimate, creditors should swiftly reduce the country’s debt-service obligations to manageable proportions." says the Financial Times.
LEADER: Iraq’s debt
(June 16, 2003) "Instead of embarking on a theological discussion of whether the debt contracted by Saddam Hussein is legitimate, creditors should swiftly reduce the country’s debt-service obligations to manageable proportions," writes the Financial Times.
Call for Iraq’s debt to be forgiven
(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.
Iraq’s debts estimated at $30 billion
(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.
Excerpts from a Monitor breakfast on poverty and globalization
(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."
Iraq’s debts estimated at [US]$30 billion
(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.


