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A look at what Iraq owes


Most of Iraq's debt was run up during its war with Iran in the 1980s. Iraq's finance minister puts the country's total remaining debt at $50 billion. But estimates vary and numbers from individual countries could put the total at higher than $60 billion:

_ Saudi Arabia is owed $17 billion. Saudi officials say they are in discussions with Iraqi officials to forgive an unspecified portion of the debt. Iraqi officials contend Saudi Arabia has agreed to forgive 80 percent but it is unclear if the Saudis have given such a firm commitment.

_ Kuwait is owed $15 billion. Its democratically elected parliament is refusing to consider any debt relief to Iraq.

_ Russia is owed $13 billion. Finance Ministry spokesman Andrei Saiko said Thursday that negotiations were continuing. "The debt has not yet been written off," he told the AP.

_ China is owed $8 billion. It has said little publicly on the issue.

_ Qatar is owed $4 billion.

_ The United Arab Emirates is owed $3-5 billion.

_ Turkey is owed $2 billion.

Copyright 2007 AP News
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Author:The Associated Press
Publication:AP News
Date:May 3, 2007
Words:176
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