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Russia Agrees to Deal Waiving Iraqi Debt

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Counseling Debt Russia has agreed to a deal with the 19-nation Paris club of creditors to write off billions of dollars in Iraqi debt owed member nations.

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Debt Settlement Nov 22, 2004 (AXcess News) Paris - Russia has agreed to a deal with the 19-nation Paris club of creditors to write off billions of dollars in Iraqi debt owed member nations.

The Chancellor of the Exchequer Gordon Brown is being urged to deal with the nation's personal debt, ahead of his Budget announcement today.

Debt Free The agreement, reached Sunday in Paris, dramatically reduces Iraqi debt to industrialized nations, waiving about $33 billion.

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Consolidation Debt Service Earlier Sunday, announcement of the deal was reported delayed while Russian envoys sought final approval from Moscow.

Company Consolidation Debt The United States had sought the debt relief as part of a strategy aimed at increasing the chances of survival for the post war Iraqi government.In other developments, the Iraqi government says its first democratic national elections in decades will take place January 30.

Consolidation Debt Online An Iraqi elections spokesman, Farid Ayar, says ballots for a new national assembly, provincial councils and a Kurdish regional parliament will be cast nationwide, including areas now gripped by insurgency. He did not say why the polls were moved from the earlier date of January 27.Advertisement

Consolidation Debt Free There were no U.S. reports of major combat operations Sunday.

Debt Problem Source: Voice of America

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