The United States, France and Germany have agreed on a plan to provide the fledgling Iraqi government with "substantial" debt relief
Published:
17 December 2003 y., Wednesday
The United States, France and Germany have agreed on a plan to provide the fledgling Iraqi government with "substantial" debt relief, according a joint statement issued by the three governments.
The amount of the debt reduction will be subject to "future agreement" between the countries, the statement, released Tuesday, said.
"France, Germany and the United States agree that there should be substantial debt reduction for Iraq in the Paris Club in 2004 and will work closely with each other, and with other countries, to achieve this objective."
The Paris Club, an informal group of 19 creditor nations, has been discussing ways to relieve the debt burdens of debtor nations, including Iraq, which owes about $40 billion in principal and back interest to Paris Club countries.
The joint announcement came after U.S. President George W. Bush's special envoy for Iraq reconstruction, James Baker, met with French and German officials, amid encouraging signs that both countries -- who opposed the U.S.-led war in Iraq -- were willing to help the newly liberated country get out from under some of the $120 billion debt run up by deposed dictator Saddam Hussein.
Šaltinis:
cnn.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions.
more »
The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation.
more »
Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry.
more »
350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty.
more »
New plan sets out action to reach 75% employment target for the EU by 2020.
more »
Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures.
more »
Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced.
more »
Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation.
more »
The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis.
more »
A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint.
more »