Paris Club Agrees to Cancel 80 Percent of Iraqi Debt
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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
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US President George W. Bush on Sunday hailed an agreement by the Paris Club of creditor nations to cancel 80 percent of Iraq&#39;s debt and called on other nations to join in as well.
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At meetings of the World Bank and the International Monetary Fund the French said non to the US proposal of writing off 90-95 per cent of Iraqâs $12bn of bilateral debt.
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PARIS -- Major economic powers agreed yesterday to write off billions of dollars in Iraqi debt, a deal that marked a significant step in US efforts to help put that nation's economy back on its feet.
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The Paris Club is due to approve on  Wednesday a moratorium on debt repayment for countries hit by  the Asian tsunami disaster, French Finance Minister Herve  Gaymard said.
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Germany and the United States have agreed on a proposal to cancel 80 percent or about $33 billion of the debt owed by Iraq to a group of creditor nations known
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As a result of talks the Paris Club has arrived at a consolidated decision to write off 80 per cent of Iraq&#39;s debt, Russian Finance Minister Aleksey Kudrin told journalists on Sunday [21 November].
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The representatives of the member countries of the Paris Club met from November 17 to November 21 and agreed with the representatives of the Republic of Iraq on a comprehensive debt treatment of the public external debt owed to them providing a total
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The Paris Club of creditor nations, except for Russia, has agreed in principle to slash debts Iraq owes to the group by up to 80 percent, an official said Sunday.
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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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US President George W. Bush has welcomed the decision by the Paris Club of creditor nations to forgive 80 percent of Iraqi debt owed to its members.
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The Paris Club of rich lending nation agrees to cancel $758m of Ethiopian debt.
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Iraq hopes to reach a debt  forgiveness deal with leading creditor nations by the end of  the year, and views as a "starting point" a proposal by France  to initially relieve 50 percent of its debt, Iraq's Finance  Minister said on Tuesday.
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BERLIN: German construction firms yesterday slammed plans by the Paris Club of creditor nations to wipe out 80 per cent of Iraq&#39;s debt, warning that individual companies might seek to seek legal action against the German government to protect their claims
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The world&#39;s leading industrial nations agreed Sunday to cancel 80 percent of the nearly $39 billion debt owed them by Iraq, a critical step in rebuilding the country&#39;s devastated
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The US cancels all the debt owed to it by Iraq and calls on other countries to do the same.
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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.