NO. 24


Financial and Banking News

Loans & Issues

Iraqi-French Debt Agreement Threatened by New Arrears

Press reports from Paris indicate that there has been a fresh build-up in thearrears on Iraq's debt repayments to France which have prevented any new Frenchofficial lending to Iraq. Last September France and Iraq concluded a year ofdifficult negotiations with an agreement under which Iraq was to repay FF1.5bnby the end of February and a further FF7bn over six years...