US, Allies Far Apart on Iraq Debt Relief
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WASHINGTON Oct. 2, 2004 - The United States and its major economic allies struggled Saturday to resolve deep differences over how best to relieve the heavy debt burden for Iraq and the world&#39;s poorest countries.
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Liberal groups are frustrated a deal on Iraq war spending does not include troop withdrawals and Republicans disappointed the White House is accepting billions in extra domestic spending
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The United States on Friday completely forgave &#36;4.1 billion in debt Iraq owed it and urged other nations not part of an international debt relief agreement to follow suit.
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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 Bush administration signaled differences Tuesday with some of the recommendations of a commission exploring new approaches in Iraq but said there was support for many of the proposals as well.
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WASHINGTON -- Financial officials from the world&#39;s economic powers ended their meeting in Washington Sunday without a deal on debt relief for Iraq and other poor nations.
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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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The US cancels all the debt owed to it by Iraq and calls on other countries to do the same.
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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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The world's economic powers, ending three days of meetings, insisted Sunday they are moving closer to a deal on debt relief for Iraq and poor nations even though an agreement has proved elusive.
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WASHINGTON Oct. 2, 2004 - The world&#39;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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Major economic powers agreed Sunday to write off more than $31 billion in debt for Iraq in a deal that boosted U.S. efforts to help put the Iraqi economy back on its feet.
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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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International donors that pledged  billions of dollars to rebuild Iraq meet in Tokyo this week as  the United States seeks outside help to stabilize the country.
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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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BERLIN/PARIS  - The United States and Germany  brokered a multi-national agreement on Saturday to forgive up  to $33 billion of Iraq's debts, helping mend ties strained by  the Iraq war.
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RUSSIA today agreed to join a pact to forgive up to 80 per cent, or about $US33 billion ($42.44 billion) worth, of Iraq&#39;s debts, a US Treasury official said at a Group of 20 meeting where the multinational agreement was engineered.