Canberra forgives Iraq&#39;s $1.1bn debt
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CANBERRA will excuse Iraq $1.1 billion that it owes Australia as the war-torn nation attempts to get back on its feet financially.
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RUSSIA finally signed up yesterday to an agreement between 19 nations to write off $33 billion (Â£17.8 billion) of Iraqâs debt. The agreement was confirmed by a US Treasury official at
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THE administration of US President George W Bush will agree to write off the $US4.1 billion ($5.4 billion) worth of debt Iraq racked up during the regime of Saddam Hussein.
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Actions by Australia's central bank hint that the recent credit crunch problems could be easing.
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SYDNEY -- Australian troops will stay in Iraq, Prime Minister John Howard declared yesterday, as the stock market in Sydney hit a record high following the conservative leader's election to a historic fourth term.
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The Inland Revenue pays out nearly Â£1m compensation to people who have suffered because of tax credit errors or delays.
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WASHINGTON -- The United States yesterday forgave $4.1 billion Iraq owed it and urged other nations not part of an international debt relief agreement to follow suit.
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Iraq&#39;s war-weary footballers extended their fairytale Olympic run with a 1-0 victory over Australia on Saturday, giving them a chance to make history.
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German officials said Saturday they have decided to forgive 80 percent of Iraq&#39;s $120 billion foreign debt, CNN reported. Hans Eichel, Germany&#39;s finance minister, meeting
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The Paris Club of international creditors has agreed to cancel 80 percent of the debt Iraq owes member countries. Officials say the deal, brokered in Berlin, is worth about $33 billion.
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The deal is part of a new international agreement to forgive 80 per cent of Iraq&#39;s international debt, amounting to a total of about $150 billion.
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Iraq&#39;s government has the capacity to proceed with a basic economic program, the International Monetary Fund said on Monday, even as authorities struggle to contain violence before elections set for January.
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9 September 2004 -- Iraqi President Ghazi Ajil al-Yawir met today with German leaders and renewed a call for Iraq&#39;s foreign debt to be forgiven.
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Australia's conservative Prime Minister  John Howard, a key U.S. ally and supporter of the Iraq war,  celebrated on Sunday his election win after voters enjoying the  fruits of a strong economy gave him another term.
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WASHINGTON -- When President Bush appointed a close family friend, former secretary of state James A. Baker III, as a special envoy to help reduce Iraq's foreign debt, Baker's monumental task was clear: to persuade the governments of the world, including Kuwait, to forgive billions that Iraq owes them.
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Australia's government presents a formal apology for past wrongs inflicted on the Aboriginal community.
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Bulgaria is reluctant to write off a US$1.7 billion (euro1.3 billion) debt it is owed by Iraq, despite mounting international pressure on Iraq&#39;s creditors to agree on substantial debt reduction, officials said Monday.