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Iraqs Debt Relief
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Book Synopsis Iraq's Debt Relief by : Martin A. Weiss
Download or read book Iraq's Debt Relief written by Martin A. Weiss and published by DIANE Publishing. This book was released on 2010-06 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the ouster of the Saddam Hussein regime in spring 2003, Iraq¿s external debt was $130 billion. Reducing this debt to a sustainable level has been a priority of the U.S. gov¿t. Since 2003, debt relief negotiations have led to the cancellation of a significant amount of Iraq¿s external debt. Contents of this report: (1) Iraq¿s External Debt: Paris Club Debt Claims; Non-Paris Club Debt Claims; Commercial Debt Claims; (2) The Debt Relief Effort: Paris Club Debt Relief; Evian Approach; Iraq¿s Paris Club Agree.; Non-Paris Club Debt Relief; Commercial Debt Relief; (3) Potential Policy Precedents for International Debt Relief: Granting a Stay on the Enforcement of Creditor Rights; Flexibility of Paris Club Agree.; Implementing an Odious Debt Strategy. Illustrations.
Book Synopsis Iraq's Debt Relief by : Martin A. Weiss
Download or read book Iraq's Debt Relief written by Martin A. Weiss and published by . This book was released on 2006 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the ouster of the Saddam Hussein regime in spring 2003, Iraq's external debt was estimated to be $125 billion. Reducing this debt to a sustainable level has been a priority of the U.S. government. Since 2003, debt relief negotiations have taken place in a variety of fora and led to the cancellation of a significant amount of Iraq's external debt. Iraq's external debt consisted of four components: Paris Club bilateral debt ($37.15 billion), non-Paris Club bilateral debt ($67.4 billion), commercial debt ($20 billion), and multilateral debt ($0.5 billion). Debt relief negotiations first led to an 80% reduction of the Paris Club debt. The Paris Club agreement also set the terms for non-Paris Club and commercial debt cancellation levels. A provision of the Paris Club agreement is that Iraq cannot accept a debt cancellation agreement with other creditors on more favorable terms than those reached with the Paris Club. Thus, Iraq is expected to receive no more than an 80% cancellation from all of its creditors. Negotiations with non-Paris Club creditors are ongoing, and resolution of the commercial debt is largely complete. The negotiations and process of providing debt relief to Iraq may shed some light on the approaches bilateral and corporate creditors take toward providing international debt relief to middle-income countries who would not be eligible for the debt relief already provided to the poorest countries. In light of Iraq's experience, three new precedents appear to have taken shape: (1) a willingness by the international community to grant a stay on the enforcement of creditor rights to collect unpaid sovereign debt, (2) an increased flexibility in Paris Club debt relief decisions, and (3) an unwillingness by successor regimes to claim that their debt is odious and repudiate it. This report will be updated as events warrant.
Book Synopsis Iraq's Debt Relief by : Martin A. Weiss
Download or read book Iraq's Debt Relief written by Martin A. Weiss and published by . This book was released on 2007 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Iraq Study Group Report by : Iraq Study Group (U.S.)
Download or read book The Iraq Study Group Report written by Iraq Study Group (U.S.) and published by Vintage. This book was released on 2006-12-06 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the findings of the bipartisan Iraq Study Group, which was formed in 2006 to examine the situation in Iraq and offer suggestions for the American military's future involvement in the region.
Book Synopsis Delivering on Debt Relief by : Nancy Birdsall
Download or read book Delivering on Debt Relief written by Nancy Birdsall and published by Columbia University Press. This book was released on 2002-04-17 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study brings readers up to date on the complicated and controversial subject of debt relief for the poorest countries of the world. What has actually been achieved? Has debt relief provided truly additional resources to fight poverty? How will the design and timing of the "enhanced Heavily Indebted Poor Country (HIPC) initiative" affect the development prospects of the world's poorest countries and their people? The study then moves on to address several broader policy questions: Is debt relief a step toward more efficient and equitable government spending, building better institutions, and attracting productive private investment in the poorest countries? Who pays for debt relief? Is there a case for further relief? Most important, how can the case for debt relief be sustained in a broader effort to combat poverty in the poorest countries?
Book Synopsis Sovereign Debt Restructurings 1950-2010 by : Mr.Udaibir S. Das
Download or read book Sovereign Debt Restructurings 1950-2010 written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2012-08-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Download or read book Why We Lost written by Daniel P. Bolger and published by Houghton Mifflin Harcourt. This book was released on 2014 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: A high-ranking general's gripping insider account of the U.S. wars in Iraq and Afghanistan, and how it all went wrong. Over a thirty-five-year career, Daniel Bolger rose through the army infantry to become a three-star general, commanding in both theaters of the U.S. campaigns in Iraq and Afghanistan. He participated in meetings with top-level military and civilian players, where strategy was made and managed. At the same time, he regularly carried a rifle alongside rank-and-file soldiers in combat actions, unusual for a general. Now, as a witness to all levels of military command, Bolger offers a unique assessment of these wars, from 9/11 to the final withdrawal from the region. Writing with hard-won experience and unflinching honesty, Bolger makes the firm case that in Iraq and in Afghanistan, we lost -- but we didn't have to. Intelligence was garbled. Key decision makers were blinded by spreadsheets or theories. And, at the root of our failure, we never really understood our enemy. Why We Lost is a timely, forceful, and compulsively readable account of these wars from a fresh and authoritative perspective.
Book Synopsis Rethinking Sovereign Debt by : Odette Lienau
Download or read book Rethinking Sovereign Debt written by Odette Lienau and published by Harvard University Press. This book was released on 2014-02-18 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its obligations damages its reputation. Yet should today's South Africa be responsible for apartheid-era debt? Is it reasonable to tether postwar Iraq with Saddam Hussein's excesses? Rethinking Sovereign Debt is a probing analysis of how sovereign debt continuity--the rule that nations should repay loans even after a major regime change, or else expect consequences--became dominant. Odette Lienau contends that the practice is not essential for functioning capital markets, and demonstrates its reliance on absolutist ideas that have come under fire over the last century. Lienau traces debt continuity from World War I to the present, emphasizing the role of government officials, the World Bank, and private markets in shaping our existing framework. Challenging previous accounts, she argues that Soviet Russia's repudiation of Tsarist debt and Great Britain's 1923 arbitration with Costa Rica hint at the feasibility of selective debt cancellation. Rethinking Sovereign Debt calls on scholars and policymakers to recognize political choice and historical precedent in sovereign debt and reputation, in order to move beyond an impasse when a government is overthrown.
Book Synopsis Debt Swaps for Sustainable Development by : Dr. Jürgen Kaiser
Download or read book Debt Swaps for Sustainable Development written by Dr. Jürgen Kaiser and published by Iucn. This book was released on 1996 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is aimed at helping IUCN's members to understand the scope and mechanisms of debt conversion and to spot opportunities for their own action in this important field.
Book Synopsis Iraq by : International Monetary Fund
Download or read book Iraq written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-09-15 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The First Review under the Stand-By Arrangement (SBA) discusses policies focused on measures to accelerate the reconstruction of the Iraqi economy while maintaining macroeconomic stability. Inflation has slowed down, and monetary and exchange rate policies have been adjusted. The Central Bank of Iraq (CBI) will increase the pace of appreciation of the dinar and keep the policy interest rate positive in real terms to keep inflation under control. Restructuring plans for the two largest state-owned banks will be developed on the basis of their finalized financial and operational audits.
Book Synopsis From Desolation to Reconstruction by : Mokhtar Lamani
Download or read book From Desolation to Reconstruction written by Mokhtar Lamani and published by Wilfrid Laurier Univ. Press. This book was released on 2010-10-26 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Iraq’s streets are unsafe, its people tormented, and its identity as a state challenged from within and without. For some, Iraq is synonymous with internal hatred, bloodshed, and sectarianism. The contributors to this book, however, know another Iraq: a country that was once full of hope and achievement and that boasted one of the most educated workforces in its region—a cosmopolitan secular society with a great tradition of artisans, poets, and intellectuals. The memory of that Iraq inspired the editors of this volume to explore Iraq’s current struggle. The contributors delve into the issues and concerns of building a viable Iraqi state and recognize the challenges in bringing domestic reconciliation and normalcy to Iraqis. From Desolation to Reconstruction: Iraq’s Troubled Journey examines Iraq’s reality after the 2003 US-led invasion. It begins by relating Iraq’s modern social and political history prior to the invasion and then outlines the significant challenges of democratization and the creation of an Iraqi constitution, which will be necessary for Iraq to become a strong and effective state. Co-published with the Centre for International Governance Innovation (CIGI).
Download or read book Iraq written by Christopher M. Blanchard and published by DIANE Publishing. This book was released on 2010-11 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides information about the current perspectives and policies of Iraq¿s neighbors; analyzes potential regional responses to renewed violence and longer-term stabilization efforts; discusses shared concerns and U.S. long-term regional interests; and reviews U.S. policy options for responding to various contingencies. Contents: (1) Common Questions, Unique Concerns: The Regional Strategic Balance and Political Stability; Sectarian and Ethnic Politics and Violence; Transnational and Nationalist Terrorism; Refugees and Internally Displaced Persons; (2) Iraq¿s Future; (3) Iraq¿s Neighbors: Iran; Turkey; Saudi Arabia; Syria; Jordan; Kuwait and the Gulf Cooperation Council States; (4) Issues for Congress. Charts and tables.
Book Synopsis International Financial System by : Ross P. Buckley
Download or read book International Financial System written by Ross P. Buckley and published by Kluwer Law International B.V.. This book was released on 2009-01-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides deep analyses of some of the devastating financial crises of the last quarter-centures by showing how such factors as the origins and destinations of loans, bank behaviour, bad timing, ignorance of history, trade regimes, capital flight, and corruption coalesce under certain circumstances to trigger a financial crash.
Book Synopsis Transforming Iraq's Economy by : United States. Congress. Joint Economic Committee
Download or read book Transforming Iraq's Economy written by United States. Congress. Joint Economic Committee and published by . This book was released on 2003 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring Stability and Security in Iraq by : Barry Leonard
Download or read book Measuring Stability and Security in Iraq written by Barry Leonard and published by DIANE Publishing. This book was released on 2009-09 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report to Congress by the Defense Dept. includes specific performance indicators and measures of progress toward political, security, and economic stability in Iraq. Contents: Stability and Security in Iraq; Iraqi Security Forces Training and Performance; List of Acronyms. Maps, charts, tables and graphs.
Book Synopsis Beyond the Iraq War by : Michael Heazle
Download or read book Beyond the Iraq War written by Michael Heazle and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically analyses the topic of US-led external interventions in the affairs of developing countries by using one of the most contested experiments of modern times, namely, the invasion of Iraq and its aftermath. The March 2003 invasion of Iraq has so far failed to deliver the benefits and outcomes its supporters anticipated, prompting international discussion as to whether the promises of externally-led nation-building (as an attempt to mould rogue states in a democratic, market-friendly fashion) are outweighed by the kinds of pitfalls and perils of intervention that have come to characterise the Iraq experience. This book identifies and addresses the major issues emerging from the current debate including the evolution of external interventionism as an idea, an explanation of what went wrong in post-Saddam Iraq and why the Iraq experiment is flawed by the Bush administration's refusal to address long standing political and historical grievances among Muslims as part of the 'War on Terror'. The contributors assess the troubled relationship between Islam and the West, the prospects for democracy in the Middle East, foreign policy debates in the US, and how economics and politics are juxtaposed in a highly contentious manner in any project of externally-driven nation-building. Beyond the Iraq War brings together scholars and practitioners in an attempt to move beyond the polemical dimensions of the existing debate and provide a balanced analysis of what the Iraq enterprise can tell us about the brand of external interventionism espoused by the Bush administration and also the lessons it holds for any future interventions into the affairs of states. It combines a mix of disciplines, most notably international relations and economics as well as theory and empirical evidence. The book is written in a non-technical, but rigorous, manner in order to make complex and diverse issues accessible to the general reader This fascinating and scholarly work will appeal to academics and scholars in the fields of political economics, political science and international relations. Policymakers, journalists and media commentators will also find this work to be of great interest and value.
Book Synopsis The Doctrine of Odious Debt in International Law by : Jeff King
Download or read book The Doctrine of Odious Debt in International Law written by Jeff King and published by Cambridge University Press. This book was released on 2016-05-26 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the doctrine of odious debt, loans which are knowingly provided to subjugate or defraud the population of a debtor state are not legally binding against that state under international law. Breaking with widespread scepticism, this groundbreaking book reaffirms the original doctrine through a meticulous and definitive examination of state practice and legal history. It restates the doctrine by introducing a new classification of odious debts and defines 'odiousness' by reference to the current, much more determinate and litigated framework of existing public international law. Acknowledging that much of sovereign debt is now governed by the private law of New York and England, Jeff King explores how 'odious debts' in international law should also be regarded as contrary to public policy in private law. This book is essential reading for practising lawyers, scholars, and development and human rights workers.