VOL. XLVI

No 29

21-July-2003

IRAQ

IRAQ RECONSTRUCTION

Paris Club Says Its Members Are Owed $21Bn By Iraq

A milestone was reached in the unraveling of Iraqs massive debt load this month as the Paris Club (an informal group of 19 creditor nations consisting of Austria, Australia, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, Norway, Russia, Spain, Sweden, Switzerland, UK and US) produced some hard figures on what is owed to its members. This step is important...