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Iraq

The Odious Iraqi Debt

12 December 2017 - by Eric Toussaint

This article, originally written towards the end of 2003, is now published on our website for the first time in English. The odious Iraqi debt is still under-documented today, though it is highly relevant in our research and our proposals (...)
Operation Corporate Freedom: The IMF and World Bank in Iraq

5 April 2006 - by Basav Sen, Hope Chu

While the three-year U.S. occupation of Iraq faces a quagmire in operations, the economic forces of the International Monetary Fund (IMF) and the World Bank are moving full speed ahead implementing various economic reforms that will cause (...)
U.S. Forgives Iraq Debt To Clear Way for IMF Reforms

21 December 2004 - by Brian Dominick

While Washington pats itself on the back for forgiving Iraqi debt owed since the 1980s, critics say the relief comes with dangerous strings attached and argue that the debt should have been null and void. [The (...)
World Bank Brings Market Fundamentalism to Iraq

6 November 2004 - by Kathy Hoang

The World Bank has forced dozens of countries to put their economies in the hands of the “free market” - achieved by eliminating regulations and taxes and granting maximum flexibility to businesses and investors. Its insistence on limiting the (...)
Why is war-torn Iraq giving $190,000 to Toys R Us?

21 October 2004 - by Naomi Klein

Iraqis are still being forced to pay for crimes committed by Saddam Next week, something will happen that will unmask the upside-down morality of the invasion and occupation of Iraq. On October 21, Iraq will pay $200m in war reparations to (...)
A Special Investigation

Iraq - James Baker’s Double Life

18 October 2004 - by Naomi Klein

When President Bush appointed former Secretary of State James Baker III as his envoy on Iraq’s debt on December 5, 2003, he called Baker’s job “a noble mission.” At the time, there was widespread concern about whether Baker’s extensive business (...)
G8 fails Iraqis on Saddam’s odious debt

16 June 2004 - by Jubilee Iraq

There has been intense speculation that the G8 summit will see a dramatic move on Saddam’s $120bn debt, but the G8 countries have not even put the issue on the official agenda. Their recent statements make it clear they are ignoring their guilt (...)
Iraq

Hold Bush to His Lie

13 February 2004 - by Naomi Klein

Iraq’s occupiers just negotiated an $850 million loan from the International Monetary Fund, giving the lender its usual leverage to extract future economic “adjustments.”
Not Neo-con, Just Plain Greed

The Iraqi debt and the US administration

5 January 2004 - by Naomi Klein

Contrary to all predictions, the heavy doors of Old Europe weren’t slammed in James Baker’s face as he asked forgiveness for Iraq’s foreign debt. France and Germany appear to have signed on, and Russia is softening its (...)
The odious iraqui debt

25 September 2003 - by Eric Toussaint

For 20 years the big powers have avoided putting the issue of odious debt into the spotlight, whilst the governments of the indebted countries didn’t contest their odious debt. Suddenly in April 2003, the idea of odious debt appears in the (...)
Iraq, War, Debt and the G8

26 April 2003 - by Eric Toussaint

Some days after the beginning of the invasion of Iraq, George W Bush gave an estimate to Congress that the cost of the war for the US Treasury would reach 80 billion dollars. According to the UNDP and UNICEF, that is precisely the annual sum (...)