Large Portion of Iraq's Debt May Be Written Off ; Group of 19 Nations Consider Forgiving 80 Percent
The Columbian › November 22, 2004
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Summary
PARIS - The Paris Club of creditor nations on Saturday was debating a plan to write off as much as 80 percent of the debts Iraq owes them, a key step in the United States' push to ease the financial burden on the nation as it tries to rebuild.
U.S. Treasury Secretary John Snow and German Finance Minister Hans Eichel sealed the agreement, Eichel said Saturday, adding that he expected the Paris Club would approve the deal.See the full content of this document
Extract
Large Portion of Iraq's Debt May Be Written Off ; Group of 19 Nations Consider Forgiving 80 Percent
Iraq owes around $42 billion to the members of the Paris Club, a grou...
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