Saudi Arabia has said it will not discuss any loan write-offs with Iraq’s U.S.-appointed Iraqi Governing Council. This according to Al-Jazeera. Foreign Minister Prince Saud al-Faisal said his country would wait until Iraq had an independent government before looking into possibly reducing the debt. France, Germany and Russia have all recently agreed to forgive billions in Iraqi debt. The U.S. says it is still considering it.
Al Jazeera: Saudi Will Not Forgive Iraqi Debt With IGC
HeadlineDec 24, 2003