Debt relief for Iraq
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Paris - The Paris Club of creditor nations, with the exception of Russia, has reached an agreement in principle to slash debts Iraq owes to the group by up to 80%, a well-placed official said on Sunday.
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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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TOKYO : Iraq has asked the international community to play an active role in rebuilding its war-torn infrastructure and help alleviate its debts.
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Iraq and the United States hailed as &quot;historic&quot; an agreement by a group of creditor nations to write off billions of dollars of debt inherited from the former regime of Saddam Hussein.
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The International Monetary Fund on Wednesday approved &#36;436 million in emergency lending to Iraq and said it hoped its backing would generate additional international economic support, including debt relief.
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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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German officials said Saturday they have decided to forgive 80 percent of Iraq&#39;s $120 billion foreign debt, CNN reported. Hans Eichel, Germany&#39;s finance minister, meeting
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BERLIN  -Germany's finance minister said Saturday that he and his U.S. counterpart have reached an agreement under which Iraq's creditors would write off up to 80 per cent of the country's debt.
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The United States has erased over $ 4 billion of Iraqi foreign debt. It is also urging all other nations to join the effort to cancel the debt racked up under former Iraqi leader Saddam Hussein.
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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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JEDDAH, 6 December 2004 - The current situation with Iraq has all the ingredients of a long-term liability to the balance sheet of America, which some day it might be a disaster to the state of world economy.
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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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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
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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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SANTIAGO, Nov 21  - US President George W. Bush on Sunday welcomed newly scheduled Iraq elections and a deal to shave billions of dollars off the war-torn country&#39;s debt, calling on all creditors to follow suit.
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SANTIAGO, Chile President Bush is welcoming word that Iraq will hold elections in January -- and that a big chunk of the country&#39;s debt is being forgiven.
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17 December 2004 (NCA) -- The United States formally wrote off all of its $4.1 billion in Iraqi debt and urged other nations to follow the example.