Iraq's Debt Relief: Procedure and Potential Implications for International Debt Relief

Description:

This report proceeds in three parts. The first provides a snapshot of the Iraq
debt situation following the ouster of the Saddam regime. The second discusses
subsequent debt relief negotiations and their resolution. The third presents three
possible implications for future debt relief cases that arise from Iraq’s experience.
They are: (1) a willingness by the international community to grant a stay on the
enforcement of creditor rights, (2) an increased flexibility in Paris Club debt relief
decisions, and (3) an unwillingness by successor regimes to claim that their debt is
odious and repudiate it.

Creator(s): Weiss, Martin A
Location(s): United States
Creation Date: April 21, 2006
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Creator (Author):
Weiss, Martin A

Analyst in International Trade and Finance

Publisher Info:
Place of Publication: Washington D.C.
Date(s):
  • Creation: April 21, 2006
Coverage:
Place
United States
Description:

This report proceeds in three parts. The first provides a snapshot of the Iraq
debt situation following the ouster of the Saddam regime. The second discusses
subsequent debt relief negotiations and their resolution. The third presents three
possible implications for future debt relief cases that arise from Iraq’s experience.
They are: (1) a willingness by the international community to grant a stay on the
enforcement of creditor rights, (2) an increased flexibility in Paris Club debt relief
decisions, and (3) an unwillingness by successor regimes to claim that their debt is
odious and repudiate it.

Physical Description:

19 Pages.

Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
Resource Type: Report
Format: Text