| Taken Question Office of the Spokesman Washington, DC April 9, 2008 Taken Question At Wednesday, April 9 Daily Press Briefing Iraq's Debt (Taken Question)Question: How much of Iraq’s debt has been cancelled and by which countries?
Answer: Over the past three years, Iraq’s debt has been reduced by $66.5 billion. With the participation of all members, the Paris Club cancelled a total of $42.3 billion. The U.S. cancelled 100% of Iraq’s debt of $4.1 billion. Other Paris Club members agreed to cancel 80% of Iraq’s debt. A number of non-Paris Club members have cancelled a total of $8.2 billion, on Paris Club terms. $16 billion has been cancelled by commercial creditors, also on Paris Club terms. 2008/263 |
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