Middle East Economic Survey


No 15



Iraq Signs Debt Write-Off Agreement With China

The Iraqi government has signed an agreement with the Beijing government to write off 80% of its debt to China, according to reports. The agreement covers $8.47bn of debt and follows a preliminary deal made in 2007 (MEES, 16 November 2009). The agreement was signed in light of memorandums of understanding by Iraqi President Jalal Talabani during his visit to China in 2007, the Iraqi...