arh777
04-12-2005, 07:52 PM
Perhaps this has been posted but I thought it was an informative read.
Iraq: Debt talks gather momentum as reconciliation deadline looms
There are just weeks to go before the door closes for submission of claims by potential commercial creditors of Iraq, while foreign governments are already pressing ahead with negotiation of their debt settlement terms
Following its landmark outline agreement with the Paris Club of major industrial country creditors in November 2004, Iraq is now focusing on the practical implementation of a deal that could eventually see four-fifths of its present foreign debt burden written off.
The task of reconciling detailed individual claims is getting under way, and Iraq Focus has learned that some foreign government creditors outside the Paris Club have already begun negotiation of debt settlement terms with Baghdad. Professional advisers have been appointed:
http://www.zawya.com/story.cfm?id=ZAWYA20050322093704&Section=Countries&page=Iraq
Iraq: Debt talks gather momentum as reconciliation deadline looms
There are just weeks to go before the door closes for submission of claims by potential commercial creditors of Iraq, while foreign governments are already pressing ahead with negotiation of their debt settlement terms
Following its landmark outline agreement with the Paris Club of major industrial country creditors in November 2004, Iraq is now focusing on the practical implementation of a deal that could eventually see four-fifths of its present foreign debt burden written off.
The task of reconciling detailed individual claims is getting under way, and Iraq Focus has learned that some foreign government creditors outside the Paris Club have already begun negotiation of debt settlement terms with Baghdad. Professional advisers have been appointed:
http://www.zawya.com/story.cfm?id=ZAWYA20050322093704&Section=Countries&page=Iraq