Iraqi Debt Update

IRAQI DEBT UPDATE….Hmmm….wasn’t James Baker supposed to be especially close to the Saudis?

Saudi Arabia will not discuss any loan write-offs with Iraq?s interim US-appointed government, Foreign Minister Prince Saud Al-Faisal said yesterday.

He said the Kingdom would wait until Iraq had an independent government before looking into the possibility of reducing the debt.

?This (debt) has to be discussed with a government with total sovereignty, so… this issue is now premature,? the Saudi Press Agency quoted him as saying.

I wonder when Baker is planning to visit Riyadh?

UPDATE: Dan Drezner has a bit more about this.

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