US forgives $4.1 billion of Iraqi debt

The US concluded a bilateral agreement on Friday 17 December to write off debts of $4.1 billion owed to it by Iraq, and expressed the hope that other countries would follow its example.

Secretary of State Colin Powell and Treasury Secretary John Snow attended a ceremony in Washington to sign the agreement.

The 18 Paris Club members have already agreed to forgive 80% of Iraq's $39 billion debts to them, and the US urged non-Paris club nations to do the same. John Snow praised the efforts of G7 and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.