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SLOVENIA, POLAND AND BULGARIA DISCHARGE 80% OF IRAQ’S DEBT
13:14 Thu 03 May 2007
 

Slovenia, Bulgaria and Poland agreed to discharge 80 per cent of Iraq’s debt, Iraqi finance minisrer Bayan Bakir Jabr said as quoted by Reuters news agency.

The exact amount has not been clarified yet.

Egypt agreed to discharge the entire Iraqi debt, totaling $800 million, Jabr said.

Earlier on May 3, Iraqi prime minister Nouri al Maliqi asked all countries to discharge Iraq’s foreign debt. The country owes nearly $50 billion, mainly to Saudi Arabia, Russia and China.

Jabr said that the majority of the debt was accumulated during Saddam Hussein’s war against Iran in the 80s.

 
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