Middle East Economic Survey


No 4



Serbia Writes Off $2.5Bn Of Iraqi Commercial Debt

Serbia has written off an Iraqi debt of $2.48bn, a statement by the Iraqi Minister of Finance Bakr al-Zubaidi, posted on the Iraq Directory website, has said. However the debt owed by Iraq is commercial and not state debt, sources in the Serbian government have said. The ministry added that the writing off of 90% of Iraqs debt was carried out under the Paris Club of creditors deal...