VOL. XLVII
No 01
5-January-2004
IRAQ RECONSTRUCTION
And Arab Creditors Will Only Negotiate Debt Relief With A Sovereign Government
Saudi Arabias Foreign Minister, Prince Saud al-Faisal, said on 23 December that Arab creditors would only negotiate debt relief with a sovereign government in Baghdad and not with the US-appointed Governing Council. Considerable controversy surrounds the approximately $40bn Gulf debt, as the Iraqi authorities are asserting that most of the money given lacks clear...
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