TITLE

Saudi Arabia set to write off Iraqi debt

PUB. DATE
April 2007
SOURCE
MEED: Middle East Economic Digest;4/20/2007, Vol. 51 Issue 16, p35
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the move by the government of Saudi Arabia to cancel the debts owed by Iraq to the kingdom. The decision, announced on April 17, 2007 by Iraqi and Saudi officials, will see around 80 per cent of Iraq's $15,000 million debt to the kingdom forgiven, despite Saudi concerns about financing the Shia-dominated Iraqi government and abetting Iranian influence in the country. Iraqi Finance Minister Bayan Jabr announced that China has also agreed to forgo $4,000 million of debt.
ACCESSION #
25475925

 

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