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Iraq to Pay 1980s Wheat Debt over 17 Years

Payment for wheat exports to Iraq in the late 1980s will finally be distributed to growers in Australia, according to a report from Weekly Times Now. Grain growers will share in about $48m in repayment of debt owed by Iraq relating to three wheat pools run by the former Australian Wheat Board, and affecting 52,000 […]

Iraq to Repay $408 million Egyptian Debt

Iraq has agreed to pay $408 million in cash to Egypt to settle old debts owed by Baghdad from more than two decades ago, a government spokesman said. Reuters reports that the debts date back to a period when United Nations sanctions following the 1990 Iraqi invasion of Kuwait blocked the payment of salaries that […]

IMF Approves $471 Million Payment to Iraq

The Executive Board of the International Monetary Fund (IMF) completed the second review of Iraq’s economic performance under a program supported by a Stand-By Arrangement (SBA) on Friday. Completion of the second review makes an additional SDR 297.1 million (about US$471.1 million) available for disbursement, bringing the total resources currently purchased by Iraq under the […]