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IMF Completes Review of Iraq's Debt (will keep it secret) [View All]

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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-27-04 12:33 PM
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IMF Completes Review of Iraq's Debt (will keep it secret)
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Edited on Thu May-27-04 12:35 PM by Barrett808
IMF Completes Review of Iraq's Debt
By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON - The International Monetary Fund loans to support rebuilding in Iraq will likely come in the second half of this year, an official said Thursday, now that a report on its debt has been completed.

...

The IMF's report on Iraq debt was prepared for the Paris Club, which includes the United States and 18 other wealthy nations which coordinate issues of debt relief.

That group has estimated that Iraq owes its member countries $42 billion with the largest portions of that debt held by Russia, Japan, France and Germany. Estimates put Iraq's total foreign debt at around $120 billion.

Dawson said the IMF was not making the Iraq debt report public because it contains confidential information supplied by creditor nations.

(more)

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20040...
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