VOL. XXXI

NO. 24

21-MARCH-1988

Financial and Banking News

LOANS AND ISSUES

France Reschedules Iraq's 1988 Debts, Provides New Credit

The French Government has agreed to reschedule Iraq's debts falling due in1988, which total FF2.3bn ($404mn), after a meeting of a joint Franco-Iraqi debtcommittee in Paris on 11 March. With the conclusion of this agreement, totalmedium and long-term Iraqi debts which have been rescheduled by France standat FF22.8bn ($4bn). Under an arrangement concluded in July 1987,...