Deal nears on Iraq debt write-off
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Some members of the Paris Club of creditor nations agree to forgive 80% of Iraq's debt at the G20 summit in Berlin.
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Iraq cleared around $81 million in  debt it owed the International Monetary Fund late last week,  fund sources said on Monday, opening the way for the first aid  to flow from the global lender to Iraq.
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China announced with great flourish this week that it is forgiving debt owed by Iraq. But with the Iraqi president set to hold talks Friday with the Chinese premier, it was still unclear how much debt has been written off.
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Nineteen countries, including Australia, have agreed to cancel 80 per cent of the debt Iraq owes them. The deal secured for the Paris Club of creditor nations ends a trans-Atlantic dispute and probably sets
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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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Germany&#39;s finance minister said Saturday that he and his US counterpart have reached an agreement under which Iraq&#39;s creditors would write off up to 80 per cent of the country&#39;s debt.
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PARIS/BERLIN  - The Paris Club of creditor nations  agreed on Sunday to cancel 80 percent of the debt Iraq owes its  members, ending a trans-Atlantic dispute and probably setting  the framework for debt pardons from other creditors.
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The Paris Club of creditor nations on Saturday discussed a plan to write off about 80 percent of Iraq&#39;s debts. According to The AP, US Treasury Secretary John Snow and German Finance Minister Hans Eichel concluded
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Creditor nations, with the exception of Russia, reportedly approve a plan to slash Iraq's debts.
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The United States, Germany and other G7  nations agreed Saturday to write off up to 80 percent or $33  billion of Iraq's Paris Club debt, which could pave the way for  a wider international accord, officials said.
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Amid renewed violence, major creditor nations of Iraq reached an agreement Saturday in Berlin to write off 80 percent of Iraq&#39;s debts to help rebuild thewar-torn country.
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Bulgaria's President suggested Sunday Bulgaria could write off some of a $1.7-billion debt that Iraq owes it, days after the government ruled out any such reductions.
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Iraq will owe Russia between US$700 million (euro530 million) and US$1 billion (euro750 million) after the bulk of its debt is forgiven under a deal with international creditors, Finance Minister Alexei Kudrin was quoted as saying Monday.
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BERLIN: The United States, Germany and other G7 nations agreed yesterday to write off up to 80 per cent or $33 billion of Iraq&#39;s Paris Club debt, which could pave the way for a wider international accord, officials said.
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China Thursday signed an agreement to cancel Iraqi debt at a ceremony after a meeting between Chinese President Hu Jintao and his Iraqi counterpart Jalal Talabani.
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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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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