VOL. XLVI

No 43

27-October-2003

IRAQ RECONSTRUCTION

UBS Estimates Iraqs Treatable External Debt At $109-123Bn

Iraqs treatable external debt is estimated at $108.8-123.1bn, or $63.8-68.1bn excluding Gulf lending, according to a UBS Investment Research report entitled Restructuring Iraqs External Debt by Alex Garrard, published on 8 October. Including as external debt the treated (awarded but unpaid) compensation claims, total indebtedness rises to $137.3-151.6bn. This total could rise to as much as...