Middle East Economic Survey
Paris Club Members Cancel Further $10.8Bn Of Iraqs Debt
Paris Club members, Germany, France and Denmark, cancelled a further $10.8bn of Iraqs outstanding debt following agreements concluded on 21-22 December. Germany, the largest claimant of the three, cancelled $5.6bn of its outstanding debts of $7bn; France cancelled $5.2bn of $6.4bn debt; and Denmark cancelled $42.6mn of $53.2mn. All the agreements were in line with the...