Kuwait urged to write off Iraq's debts

Published March 1st, 2005 - 02:58 GMT
Al Bawaba
Al Bawaba

German Chancellor Gerhard Schroeder on Tuesday called on Kuwait and other Arab states to waive Iraq's debts.

Schroeder, according to Reuters, said in a speech he was optimistic about Iraq and urged Arabs to play a greater role in helping rebuild the country.

 

The Kuwaiti government has said it would recommend to parliament to write off most of Iraq's $16 billion debt owed to its neighbor.

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