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Kuwait seeks Iraq to pay debts
- Kuwait: Sunday, August 10 - 2008 at 13:18
As Iraq is likely to report a budget surplus this year, Kuwait has asked the country to pay its debts, Reuters has reported. The debt is estimated at $15bn-$16bn, which are loans Kuwait made to Baghdad in the Saddam Hussein era, mostly during the 1980-1988 Iraq-Iran war. The UAE waived all of Iraq's almost $7bn debt last month.
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Medilyn Manibo, Assistant News EditorSunday, August 10 - 2008 at 13:18 UAE local time (GMT+4)
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