Middle East Economic Survey


No 19



Iraq To Seek Final External Debt Settlement This Year

Iraq will seek a settlement of its remaining external debt during 2005, the countrys new Finance MinisterAliAllawi has said. According to a 3 May Reuters report, the move is aimed at boosting the potential for economic recovery and rebuilding in Iraq. Mr Allawi said that his priorities were to curb mismanagement and reform state subsidies which cost the government billions of dollars...