Saudi Arabia says may examine topple Iraq's debts
May 29, 2008
Stockholm (Reuters) - The Saudi official during a meeting in a high-Sweden on Thursday that Saudi Arabia is ready to discuss dropping the debt owed to them on Iraq.
The head of Iraq and the United Nations conference to review the approved plan for Iraq in a meeting hosted by Egypt a year ago.
Prior to that conference was held in May in May 2007 Saudi officials said it was ready to cancel 80 percent of the debt owed to them on Iraq.
So far has been nothing of that pledge but Nizar Madani, Saudi Minister of State for Foreign Affairs informed the diplomats gathered in Stockholm that the Saudi government might be willing to exempt Iraq from its debts in full.
Madani said "are aware that the debt is a burden on the economies of countries in light of the circumstances faced by Iraq, we are ready to discuss Iraqi debt forgiveness.
""In this regard we have all the information available to the Iraqi side and we expect that the Iraqi authorities responsible find an appropriate solution for this issue."
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