Iraqi Debt Is Next On The Agenda
Following the conclusion of the Madrid conference, the next issue clouding the long-term reconstruction of Iraq is the countrys debt. While the subject was not officially on the conference agenda, it loomed large over the proceedings. Most recent estimates of Iraqs debt put it at $109-123bn (MEES, 27 October), excluding Gulf War reparations. Even under optimistic assumptions, this represents five-to-six times the...