Friday, December 17, 2004

US to forgive Iraq’s 4 billion-dollar debt

The administration of US President George W. Bush will agree to write off Iraq’s debts to Washington of 4.1 billion dollars, racked up during the regime of Saddam Hussein.
US Secretary of State Colin Powell, Treasury Secretary John Snow and Iraq’s Finance Minister Adel Abdel Mahdi, according to a State Department statement Thursday, will sign the debt write-off accord in Washington on Friday.

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