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View Full Version : Washington leans on G7 to back IMF loan with Iraq debt write-off


lasagnabro
10-01-2004, 11:08 PM
The United States will intensify its pressure on the Group of Seven industrial nations today to agree a generous package of debt relief for Iraq after the decision by the International Monetary Fund to grant its first loan to the conflict-ravaged country.
Urged on by the US, the IMF agreed to an emergency $436.3m (£241m) loan to help the new Iraqi government rebuild the economy and "catalyse additional international support, including debt relief".


http://www.guardian.co.uk/business/story/0,3604,1317223,00.html