Conference on Iraq will seek to approve large write-off for iraqi debt. Alquds Newspaper القدس العربي

Conference on Iraq will seek to approve large write-off for iraqi debt as well as increase pledges of aid. Iraq still owes $7.8 billion to Paris Club after they wrote off $ 31 billion. In addition, Iraq owes $ 200 billion (Damages re Gulf War) and US$ 10 Billion to financial institution. Total outstanding debt is approx US$ 500 billion.