Economist: Saudi Arabia Iraq debt forgiveness


Economic expert expected peace smeisim, Saudi Arabia to drop Iraq's debt in the coming period, according to the Saudi Government, indicated that these amounts were not granted.

Smeisim said in a recent press release, the real debt implications of Iraq reached 120 billion dollars according to Adel Abdul Mahdi announced two days ago at a global Conference, explaining that those debts which governmental and private types as well as accumulations and penalties.

She added, being talked today about the debt and the possibility of dropped on Iraq by diplomatic pressure, indicating that the origin of these debts were granted and turned into debt because of the buried system entering Kuwait.

The lifting of that debt would have a good effect as to debt.


** Conflicting reports on this one. Some articles have Saudi Arabia denying the debt forgiveness **