Saturday, November 20, 2004

AP Wire | Iraq May Be Relieved of 80 Percent of Debt

AP Wire | Iraq May Be Relieved of 80 Percent of Debt: "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 earlier Saturday, adding that he expected the Paris Club would approve the deal.
Iraq owes around $42 billion to the members of the Paris Club, a grouping of 19 countries including the United States, Japan, Russia and European nations.
An agreement by the Paris Club to forgive its Iraqi debt would be a significant step toward freeing the country from paying interest on the money owed just as it struggles to put its economy back on its feet.
Still, Iraq owes another $80 billion to various Arab governments."

4 Comments:

At 12:43 PM, Blogger Steve Austin said...

Nice blog. Please check out my credit card debt consolidation loan blog. It is all about credit card debt consolidation loan.

 
At 10:05 PM, Blogger tweedledeetweedledum said...

This blog is awesome! If you get a chance you may want to visit this cnet downloads site, it's pretty awesome too!

 
At 9:56 AM, Blogger business said...

Hey, you have a great blog here! I'm definitely going to bookmark you!
I have a credit debt management
site/blog. It pretty much covers credit debt management
related stuff.

Come and check it out if you get time :-)

 
At 10:35 AM, Blogger jon said...

We are trying to find good duke of hazzard movie to take the kids this weekend. Good duke of hazzard movie reviews are hard to find

I just stumbled onto your blog while looking. Seems to happen to me a lot since I am a knowledge mooch LOL

Thanks

 

Post a Comment

<< Home