Source Pravda.Ru

Japan forgives Iraqi debt

Japan finalized an agreement Thursday to forgive $6.1 billion of Iraqi debt, or about 80 percent of the total owed by Baghdad, a government official confirmed.

The two countries signed the formal accord on debt reduction, which was in line with a framework agreed by the world's main creditor nations, the Paris Club, one year ago. At that time, the Paris Club nations all agreed to reduce by 80 percent the $38.9 billion Iraq owed to its member states.

The United States last year forgave 100 percent of Iraq's $4.1 billion debt. Baghdad owes another $80 billion to various Arab governments, mainly Saudi Arabia and Kuwait.

A Japanese Foreign Ministry spokesman said Iraq will repay the remainder of its $7.6 billion debt to Japan over 23 years, including a 6-year grace period. The official spoke on condition of anonymity, citing ministry regulations.

Iraqi Foreign Minister Hoshyar Zebari arrived in Japan Wednesday. He met his Japanese counterpart, Taro Aso, the official said.

In the meanwhile Japan is mulling whether to extend its military mission in the southern Iraqi city of Samawah, where about 600 Japanese troops are stationed, the AP reports.

V.Y.

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU
Comments
Ukraine's Poroshenko: Russia's Third Rome to fall soon
Sexual abstinence more harmful to women
USA punishes China for purchasing arms from Russia
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
On the collapse of civility in Western nations: living in the era of 'not nice'
On the collapse of civility in Western nations: living in the era of 'not nice'
Roscosmos contractor steals millions, state secrets and flees to USA
Roscosmos contractor steals millions, state secrets and flees to USA
Russia to ship S-300 to Syria after Il-20 shootdown
How many aircraft and pilots Russia has lost in Syria so far
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
A glimpse into the past and the future
Russian women to be allowed to work as train drivers and pilots