Bulgaria Reluctant to Write Off Iraqi Debt
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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.
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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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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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Bulgaria, one of Europe&#39;s poorest countries, will not heed a call by the Paris Club of creditor nations to forgive most of the $1.75 billion in debt it is owed by Iraq, its finance minister said on Monday.
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As Bulgaria prepares for EU entry, people queuing for visas outside the UK embassy doubt there will be an exodus of migrants.
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Bulgaria's Minister of Defence said Saturday his country would keep its troops part of the U.S.-led coalition in Iraq as long as it takes to bring peace and democracy to the Arab country.
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BRUSSELS, November 5 (Itar-Tass) - The European Union âshould forgetâ its internal differences on Iraq and give a âsignalâ about readiness to participate in the countryâs restoration, Dutch Foreign Minister Bernard Bot said at the EU summit in
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Bulgarian President Georgy Parvanov told parliament that he would like to see Bulgaria's 450-strong troop contingent out of Iraq before the end of the year, but for the pullout not to be hasty.
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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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Bulgarian Defense Minister Nikolai Svinarov has accused the Polish command in Iraq of failing to consult him on a plan to redeploy the Bulgarian troops stationed at Karbala, the Bulgarian daily 24 Hours ...
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Bulgarians are impatient for results from their EU membership, five months after joining, Nick Thorpe reports.
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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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The United States, Britain and their allies in Iraq cannot afford to let the country become a &quot;failed state,&quot; Britain's former ambassador to the United Nations said.
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Bulgaria's Foreign Minister Solomon Passy has declined an informal proposal to run for Secretary General of the Organisation for Security and Co-operation in Europe, although several countries backed his ...
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More than a quarter of Iraq's foreign debt burden could be forgiven under a US-German proposal.
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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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The world's seven wealthiest nations said Saturday they were willing to take on up to 100 percent of the debt owed by some of the poorest countries. But they failed to agree on a British plan to boost international aid by &#36;50 billion a year.