Monday, October 25, 2004

Because Iran wants Iraq to succeed

Iran wants the IMF to add 97.2 billion to Iraq's debt:

Iran has asked the International Monetary Fund to add $97.2 billion to its Iraqi debt assessment to cover reparations and reconstruction for the 1980-1998 war between the two states, Middle East Economic Survey (MEES) reports in its latest edition.

According to MEES, the Iranian claim covers the non-military cost of the war to Iran, and while it is not the first time Tehran has made such claims, it is the first time it has put its claims forward to an international organization.

It is unclear how the IMF, which concluded a debt sustainability analysis earlier this year, will deal with Tehran's request "since there is no UN resolution that takes into account the Iranian compensation claim," MEES said.


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