Nov 22 Nations Cancel Bulk of $39 Billion in Iraqi Debt Nineteen major creditors agreed Sunday to cancel 80 percent of the $39 billion debt owed to them by Iraq in a deal that boosts U.S. efforts to put the Iraqi economy back on its feet and sets an important precedent… Continue reading
Dec 16 U.S., France, Germany Agree to Help Ease Iraq’s Debts U.S. special envoy James Baker, French President Jacques Chirac and German Chancellor Gerhard Schroeder agreed Tuesday that international creditors should find a way to ease Iraq's foreign debts in 2004. Continue reading
Dec 12 Iraq Contract Policy Complicates Planned Debt Talks After the U.S. decision to bar Iraq war opponents from competing for contracts, Russia has said it may not restructure $8 billion in Iraqi debt despite planned U.S. talks with Moscow and other countries to alleviate the country's large debt… Continue reading
Dec 24 Argentina’s Interim President Takes Office, Declares Debt Default After two days of riots that toppled President Fernando De la Rua, Argentina's Congress installed Adolfo Rodriguez Saa, a Peronist governor from a rural province, to serve as interim president until new elections are held in March. Continue reading