VOL. XLVI

No 44

3-November-2003

IRAQ

Madrid Donors Conference Exceeds Expectations With Pledges Of $13-20Bn

MEES Banking and Finance Editor James Hepburn reports from Madrid.

The International Donors Conference for the Reconstruction of Iraq held in Madrid on 23-24 October, which hosted 73 countries and 20 international organizations, closed with pledges of support in the region of $13-20bn, including some $4bn in grants and $10-14bn in loans. Spanish vice-president and Minister of Finance Rodrigo...