Global Finance Chiefs Seek to Forge Iraq Debt Deal
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Finance chiefs from leading industrialized countries must bridge a transatlantic rift over how much of Iraq's foreign debt to write-off if they are to make progress toward a deal at a meeting this week.
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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
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BERLIN -- Germany and the United States have agreed on a proposal to write off as much as 80 percent of Iraq's debt, Germany's finance minister said yesterday, capping a months-long US push for debt forgiveness.
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The Paris Club of creditor nations was considering on Saturday a plan to relieve Iraq of as much as 80 percent of the debts it owes them.
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Major economic powers agreed in principle to write off billions of dollars of debt for Iraq ( news - web sites ), officials said Sunday, with France in particular agreeing to compromise as it seeks improved ...
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Iraqi interim Prime Minister Ayad Allawi has pleaded with other countries to help Iraq reduce or eliminate its foreign debt and to join the multinational forces fighting the insurgents.
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The United States has erased over $ 4 billion of Iraqi foreign debt. It is also urging all other nations to join the effort to cancel the debt racked up under former Iraqi leader Saddam Hussein.
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The United States, Germany and other G7  nations agreed on Saturday to write off up to 80 percent of  Iraq's $120 billion foreign debt in a move that could pave the  way for a wider international accord, officials said.
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Bulgaria and Romania, two of Europe's poorest countries, will try to recoup billions of dollars in debt from Iraq despite a call by the Paris Club of creditor states to mostly wipe the slate clean, officials ...
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BERLIN  -Germany's finance minister said Saturday that he and his U.S. counterpart have reached an agreement under which Iraq's creditors would write off up to 80 per cent of the country's debt.
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WASHINGTON Oct. 3, 2004 - Finance officials failed to resolve their differences over debt relief for the world&#39;s poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.
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A deal to forgive a large chunk of Iraq&#39;s external debt could finally be announced this week after key creditor nations came to an agreement at the weekend ending months of stalemate.
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TOKYO : Iraq has asked the international community to play an active role in rebuilding its war-torn infrastructure and help alleviate its debts.
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The world's major economic powers were far apart Saturday on agreeing how to provide debt relief for Iraq and the poorest nations, as finance officials began broader discussions about the global economy.
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The United States, Germany and other G7 nations agreed on Saturday to write off up to 80 percent of Iraq's &#36;120 billion foreign debt in a move that could pave the way for a wider international accord, officials said.
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The United States, Germany and other G7 nations have agreed to write-off up to 80% of Iraq&#39;s so-called Paris Club debt. The agreement was made on the sidelines of the G20 meeting of rich and developing nations
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Germany has unveiled an international plan to wipe out tens of billions of dollars of Iraqi debt so that the war-torn country can rebuild in earnest.