Tuesday, January 20, 2004
Just speculation on my part, of course, but Baker's success in getting Iraqi debt relief is a very positive development.
Qatar forgives $4 billion of Iraqi debt
"The state of Qatar will forgive most of the debts Iraq owes it and will consider waiving the remaining amount at a later, more appropriate time," a Qatar Foreign Ministry official said following talks between Crown Prince Sheikh Tamim bin Hamad bin Khalifa al-Thani and the U.S. envoy James Baker.
"Reducing debt in 2004 is a crucial and defining issue and provides Iraqi people a chance to build a free and prosperous country," the Qatari official told the state news agency QNA.
Iraq owes Qatar about $4 billion that has accrued since the 1980s, another official told Reuters.
Iraq is estimated to owe Gulf countries $45 billion, mostly money given to Baghdad during its 1980-1988 war with Iran. Iraq insists the money from Saudi Arabia and other Gulf states was given as grants...
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