NO. 37


Financial and Banking News

Loans & Issues

Iraq Details Debt Repayment

Iraq repaid $3bn of its foreign debt during the first four months of thisyear, according to Mr. Sa'id Muhammad Mahdi Saleh, the Minister of Trade andacting Minister of Finance. The Minister, who was quoted in the Iraqi daily al-Thawraon 12 June, did not specify how much of this was commercial bank debt or loansfrom other Arab states. He said that Iraq would continue to service its debt"in line...