Financial and Banking News
LOANS AND ISSUES
Agreement Reported among Iraq's Creditors
According to the London daily Financial Times, Iraq's principal foreigncreditors have reached an informal agreement among themselves to limit themaximum concessions they are prepared to offer Iraq in rescheduling its foreigndebt. The agreement - reportedly concluded in January - sets a five-year limiton bilateral rescheduling deals in the absence of a formal Paris Clubagreement and...