G-7 creditors vow to reduce Iraq debt this year but remain divided on scope
International Monetary Fund approves $436 million emergency loan
By Agence France Presse (AFP)
Monday, October 04, 2004
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The world's seven leading industrialized countries have vowed to reduce Iraq's $120 billion debt by the end of the year but remained divided Saturday on the scope of the cut. "We made progress on the Iraqi debt," French Finance Minister Nicolas Sarkozy said a day after the G-7 - Britain, Canada, France, Germany, Italy, Japan and the U.S. This Article is only available in The Daily Star on-line archive. Containing over 100,000 articles, The Daily Star archive is an excellent information source and research tool for all events in Lebanon and the region since 1997.
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