VOL. XXXIII

NO. 33

21-MAY-1990

Iraq

Iraqi Crude Oil Payments to Yugoslavia and Poland

An economic accord was signed in Baghdad on 16 May whereby Yugoslavia agreedto renew a line-of-credit facility financing Iraqi purchases of Yugoslav goodsand contracts implemented by Yugoslav companies in Iraq (notably the Bekhma damin the northern part of Iraq). The two countries also agreed to rescheduleIraq's $500mn debt to Belgrade, with oil (40,000 b/d) paying for part of theoutstanding debt while the rest...