(May 15, 2003) Russia and, incidentally, its allies have found themselves in an awkward situation. For the sake of maintaining their reputation they should cancel Iraq’s debts and show the world that they are genuinely concerned about the fate of the Iraqi people.

(May 15, 2003) U.S. Treasury Secretary John Snow will ask finance ministers of the world’s major industrialized countries meeting May 17-18 in France to aggressively search for illegal assets of the Saddam Hussein regime and repatriate them to the Iraqi people.

(May 15, 2003) In an interview on Ekho Moskvy radio, Powell said some of Iraq’s debt will have to be refinanced or rescheduled but he said the new Iraqi government, when it comes into office, will "take into account" its debt obligations to Moscow.

(May 15, 2003) This is the U.S. State Department’s transcript of an interview U.S. Secretary of State Colin L. Powell gave on Echo Moskvy Radio in Moscow, Russia.

(May 15, 2003) U.S. Secretary of State Colin Powell expressed confidence that a new Iraqi government will recognize Iraq’s debts to Russia in full.

(May 14, 2003) Before Iraq’s oil revenues can be used for reconstruction […] Iraq’s massive debt burden must be addressed. The draft resolution under consideration in the council contains some provisions that could signal how the issue will be resolved.

(May 14, 2003) Lebanon’s central bank has located and secured $495 million (U.S.) in Iraqi funds, a U.S. Treasury official said at congressional hearings on efforts to trace the billions of dollars that Saddam Hussein is thought to have hidden away.

(May 13, 2003) Bulgaria have not been demanded to discount the debt of Iraq, the country’s foreign minister said commenting on talk that the U.S. wants Iraqi debt remitted.

(May 13, 2003)"I personally would be very happy to see the old creditors of Iraq not getting paid," Soros told a gathering at the CSIS. "That would send a signal to the financial markets that it’s dangerous to deal with oppressive regimes."

(May 13, 2003) At the G-8 summit the United States will press for the forgiveness of Saddam Hussein’s state debts, on the ground that since that money was not borrowed on behalf and for the benefit of Iraq’s people, Iraq’s people should not have to repay it.

(May 12, 2003) The government of Japan is considering allowing Iraq to temporarily suspend repayment of public-sector foreign debts accumulated under the regime of Saddam Hussein, sources said.