Paris Club agrees on Iraq debt reduction
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A French finance ministry spokesman said the Paris Club of creditor nations had reached a deal yesterday to write off 80 per cent of the debts Iraq owes them.
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The International Monetary Fund said  on Wednesday Iraq's official bilateral creditors had agreed to  defer debt the country owes them until the end of 2005.
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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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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 Paris Club of creditor nations will agree Wednesday to freeze debt repayments of countries hit by the Asian tsunami, French Finance Minister Herve Gaymard said.
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PARIS Vivendi Universal, the entertainment and communications group, clinched a deal with the French government on Thursday that would reduce the company&#39;s tax bill by billions of euros over the next several years in exchange for a pledge to create
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The Paris Club of creditor nations reached an agreement Wednesday to freeze debt repayments of countries hit by the Asian tsunami, the Club's president said.
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Differences between France and the  United States over how much of Iraq's debt to cancel hardened  on Saturday as the two attended a meeting aimed at promoting  international harmony.
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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 Paris Club of creditor nations  reached an agreement on Wednesday to freeze debt repayments of  countries hit by the Asian tsunami to help them recover.
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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.
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BERLIN : Russia has agreed to a deal to wipe out up to 80 percent of the debt owed by Iraq to the Paris Club creditor nations, a US official said at the conclusion of a Group of 20 meeting.
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The United States on Sunday applauded the decision by the Paris Club on slashing Iraq&#39;s debts and urged other countries to follow suit.
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The Paris Club of creditor nations reached an agreement on Wednesday to freeze debt repayments of countries hit by the Asian tsunami to help them recover.
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The Paris Club of creditor nations, except for Russia, agreed on Sunday to relieve Iraq of as much as 80 percent of the debts it owes them.
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Major economic powers agreed Sunday to write off more than &#36;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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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].