Iraq Debt Relief ..

[BRYAN]

Kuwait to recomend to remove 16 billion
http://www.iraqprocurement.com/docs/new578.htm


Paris Club members to remove 38.9 billion

Saudia Arabia to cut substantial amount of debt from Iraq bill ...
http://www.iraqprocurement.com/docs/new579.htm


still a little farther to go ... but good to see that Iraq's neighbors are helping


LETS SEE SO FAR HOW MUCH COULD BE REDUCED ...

120 billion to start with ...
< 38.9 billion >
< 16.0 billion ????>
< 9.0 billion ??? >


subtotal of debt still outstanding .... 56.1 billion .... :rolleye03

[Weston]

and they wanted it down to 25bil?

[Mucho Dinaro]

and they wanted it down to 25bil?

Keep in mind, some countries are going to do nothing until after elections. Funny, I thought Kuwait was one of them. Time will tell.

[BRYAN]

http://www.aina.org/news/20041204005836.htm


does this mean that international trading is just around the corner???

http://www.gulfnews.com/Articles/Reg...ticleID=142263
article states that Germany is Starting to play a role in helping rebulid Iraq thru support !!

Article also states that Iraq is 80% clear of insurgents

[MEALTICKET]

What role might Saddam's trial play in the NID return to international currency exchange? :rolleye03 :rolleye03 :rolleye03 :)

[BRYAN]

[QUOTE=MEALTICKET]What role might Saddam's trial play in the NID return to international currency exchange? :QUOTE]


I think if he is convicted of the crimes he will be put to death ..
Life in prison would be just ..so he can see Iraq prosper with out him also would be a just punishment ..

But if he is kept in jail.... could there be a jail break when we give the authority to the Iraqi's to hold Saddam in Prison ????

[BRYAN]

http://tradearabia.com/tanews/Newsde...e=78454&Sn=ENV

The largest part of Iraq debt is from enviromential damage during the 7 month invasion of Kuwait...

Meeting is next week ..

I hope for a fast settelment :rolleye03

[BrerRabbit]

http://www.jubileeiraq.org/blog/

I have found this to have realtime info on the negotiations that are transpiring. Of interest is the govt of Iraq has come back on the Paris Club 80% offer with a counter offer. The Iraqi stance sez that the debt is odious (ie money went to Saddam not the people of Iraq) and they need to collect from him. They are asking the debtor nations to prove where the money was spent.

I link. You decide.

(Note: I think this is much better then the OJ trial when it comes to learning about law)

[BRYAN]

http://www.cnsnews.com//ViewForeignB...20041207e.html

Trying to repair relations between the 2 nations damaged from the Oil - for - Food scandal


Well another 9 billion is a good number to throw off the Debt pile .....

Does this bring the total debt down to 50 billion still outstanding ????

Every little bit helps Iraq gain a firmer step foward for regrowth and prosperity

[usajmg93f]

With the U.S. Debt write off are we sitting at 45.9B?? Slowly but surely...Stay Tuned for more.

[BRYAN]

With the U.S. Debt write off are we sitting at 45.9B?? Slowly but surely...Stay Tuned for more.

Yesterday the US forgave 4.1 Billion in Iraq debt ..

http://tradearabia.com/tanews/newsde...e=79003&Sn=ECO

This is really widdling the debt down ..

Who does Iraq still owe the rest of this debt to : Saudi Arabia - Kuwait & Eastern European Countries ..

As the article states that this will SPEED UP Iraq's recovery ...

[Dinaress]

This might be a repeat but check this out
www.rebuild-iraq-expo.com

[BRYAN]

http://www.menafn.com/qn_news_story_s.asp?StoryId=74718


Iraq clears arrears to World Bank



MENAFN Press - 28/12/2004

The Republic of Iraq has cleared all overdue service payments to the International Bank for Reconstruction and Development (IBRD) as of December 16th, 2004. Consequently, the country's eligibility for new operations has been reinstated.

The Republic of Iraq's arrears to IBRD amounted to around $110 million, of
which approximately $53 million was overdue principal payments. Clearance of these arrears will raise IBRD's FY05 net income by around $74 million.

This arrears clearance is another key step in the overall process of the
Republic of Iraq's program of economic recovery and reform, which is being
strongly supported by the World Bank and other external partners.

[Dinaress]

i think that if they don't come thru with debt relief old buddy GWB hanging onto 120 billion in reconstruction funds can slap that money on the table and say "here's the debt relief money, NOW start kissing Iraq's azz".......my 2 cents ;)