The Iraqi people shouldn't pay Saddam's bills
Google News (debt)
Google News (rep.)
Significant Events
| 2008 |
|
| mid-2008 | Tthe final tranch of Paris Club debt relief may be delivered if all IMF conditions have been met. Iraq will begin partial debt servicing. |
| 2006 |
|
| 1 January | Informal debt moratorium of non-Paris Club due to expire and debt payments may begin. |
| 2005 |
|
| December | Deadline for elections for a permanent government |
| 15 October | Deadline for referendum on Constitution |
| 12-26 September | 2nd Fast for Economic Justice in Iraq in Washington in run up to IMF/WB Autumn Meetings at which a Stand-by Arrangement, a condition of the Paris Club for the 2nd & 3rd tranches of debt relief, is likely to be announced. |
| 26 July | Iraq proposes terms for settlement for the $20bn commerical debt. |
| 16-30 June | Fast for Economic Justice in Iraq in Geneva, in the run up to the 56th UNCC meeting at which the final claims were processed |
| 9 January | The UN's internal audit suggests UNCC may have overcharged Iraq by up to $5bn. |
| 30 January | Elections for a Transitional Government |
| 2004 |
|
| 17 December | US announces that it will go beyond Paris Club debt relief to 100%, though still conditionally. |
| 7-9 December | UNCC 54th meeting |
| 22 November | Iraqi National Assembly resolution on odious debt announced, passes unanimously on 30th Nov. |
| 17-21 November | Paris Club meeting on Iraq, Jubilee Iraq protest outside Bercy |
| 13 October | Baker/UNCC scandal revealed by Naomi Klein |
| 2-3 October | IMF/WB Autumn Meetings - Jubilee Iraq quizes Brown & Rato |
| 29 September | IMF approves $437m ESAF loan with economic conditions attached |
| 25 September | Iraq pays off $81m arrears to IMF, paving the way for new lending |
| 21-23 September | UNCC 53rd meeting |
| 28 June | Interim government takes over from CPA, unelected but soverign. |
| 29 June - 1 July | UNCC 52nd meeting - Jubilee Iraq demonstration |
| 16-17 March | Friedrich-Ebert-Stiftung / Jubilee Iraq conference in Berlin |
| 9-11 March | UNCC 51st meeting - Jubilee Iraq demonstation on reparations |
| January | Baker secures support for Paris Club from most national creditors. |
| 2003 |
|
| 16-18 December | UNCC 50th meeting awards $1.41bn more reparations against Iraq. |
| 15-19 December | Baker's whistlestop tour of Europe to build Paris Club consensus |
| 5 December | James Baker III appointed as Bush's special envoy on Iraqi debt |
| 23-24 October | Donor conference in Madrid, Spain - disappointing on debt and aid |
| 8 October | Paris Club agree on Evian Approach |
| 27 Sept - 19 Oct | Jubilee Iraq consultation with Iraqi leaders |
| 26-28 September | IMF / World Bank Autumn meeting in Dubai |
| 16-18 September | UNCC 49th meeting makes another $315m of reparation awards |
| 10 July | Paris Club publishes it's claims, totalling $21bn excluding interest |
| 24 June | Iraqi Freedom from Debt Bill tabled in US Congress - rapidly gets the support of 28 Representatives, but is blocked by technicality |
| 1-3 June | G8 Summit in Evian, France. |
| 22 May | UN Security Council Resolution 1483 orders payment of 5% oil revenues (about $1bn/yr) to reparations and supports Paris Club. On the positive side it makes Iraqi oil immune from seizure (by creditors) until 2008 |
| 18 May | G8 Finance Ministers at Deauville appear to agree to 18month moratorium on repayments, also new terms for Paris Club to restructure (but not cancel) Iraqi debt |
| 15 May | Colin Powell says on Russian radio that he expect Iraq to pay Saddam's debts |
| 12 May | George Soros calls for debt cancellation |
| 1 May | President Bush announceds "end of major hostilities"... |
| 30 April | Wall Street Journal supports repudiation of odious debts |
| 29 April | Baghdad conference of political parties calls for cancellation |
| 24 April | Paris Club initial meeting, asks IMF to investigate scale of debt |
| 11-12 April | G8 Finance Ministers speak at IMF/WB Spring meetings |
| 10 April | John Snow and Paul Wolfowitz say that the dictator's debts should be cancelled |
| 9 April | US conquest of Baghdad complete. |
| 8 April | UNCC pays $870m in reparations from Iraq's Oil-for-food account |
| 28 March | Jubilee Iraq launched |
| 20 March | US/UK launch war, and end of major hostilites on 1 May |
| 1990-2002 |
|
| Invasion of Kuwait sparked in part by $3bn/yr debt payment cost and refusal of GUlf countries to cancel their claims. During the sanctions no debt service was paid, resulting in roughly a doubling of the paper value of the debt. Since 1991 the UNCC has been awarding war reparations. | |
| 1982-1990 |
|
| Around $80bn of loans made to Saddam regime during the Iran-Iraq war and the Al Anfal genocide against Kurds | |
| October 1989 | James Baker meets with Tariq Aziz in Baghdad and pledges to increase US loans to Iraq |
