By John Lee. Iraqi Finance Minister Hoshiyar Zebari has confirmed that Iraq is discussing its financial situation with the International Monetary Fund (IMF). Speaking on the sidelines of a conference in Kuwait on Tuesday, Zebari did not elaborate on what aid might be provided, but according to the report from Reuters he has previously said […]
Tag Archives | Debts
By John Lee. T Rowe Price has reportedly been selling some of its Iraqi government debt, in anticipation of renewed political turmoil in the country. Investment Week reports that the fund manager has been overweight in Iraq for several years, and at one time was the largest Iraqi debt holder. The company’s emerging market debt […]
Al Arabiya reports that the United Arab Emirates will scrap $5.8 billion in debts owed by Iraq. Emirati foreign minister, Sheikh Abdullah bin Zayed al-Nahayan, said on Monday at a news conference hosted jointly with Iraqi foreign minister Hoshyar Zebari (pictured): “An agreement will be signed soon to lay out the legal framework for waiving […]
Official sources confirmed that the Algerian government decided to cancel Iraq’s debt, according to reports from Eye Media. The amount of the debt was not specified. According to media sources in Baghdad, the Iraqi foreign minister, Hoshyar Zebari, received a letter from the Minister for Foreign Affairs of Algeria, Mourad Medelci, informing him of the […]
It says any improvements seen so far in world oil demand have been “overwhelmed” by increased supply and persistent worries about the stability of the world’s economic recovery.
The Iraqi government signed an agreement with the Chinese government to write off 80% of Iraq’s debts.
The Iraqi government has called on Kuwait to end the debts discussion ongoing since the invasion of the former regime in August 1990.